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Base Metals Energy Junior Mining Metallic Group Metallic Minerals

Metallic Minerals Expands Targets at East Keno with Multiple Intersections of Broad, Bulk Tonnage Silver Mineralization

VANCOUVER, BC / ACCESSWIRE / April 12, 2022 / Metallic Minerals (TSXV:MMG)(OTCQB:MMNGF) (“Metallic Minerals“, or the “Company“) is pleased to announce further results from the 2021 field program at the Company’s flagship Keno Silver project located in the productive and historic high-grade Keno Hill Silver District of Yukon, Canada.

The 2021 East Keno program focused on drilling, mapping, soil sampling and geophysical surveying with the objective of expanding upon pivotal discoveries made by the Company in 2020 at the East Keno target area where the first drill campaign ever conducted in the area identified high-grade, Keno-style silver veins within broad continuous zones of bulk-tonnage silver mineralization (Figure 1).

Results from the 2021 program have successfully expanded the footprint of known mineralization at East Keno down dip and along trend. Additionally, new mapping has demonstrated the importance of stacked regional scale thrust faulting in the district and identified associated epithermal mineralization, potentially coincident with bulk tonnage type mineralization, providing a new model for the occurrence of silver deposits in a district with over a century of exploration and production.

2021 East Keno Exploration Highlights:

  • Silver mineralization was encountered in 10 of 12 holes drilled at East Keno in 2021, including 24 separate high-grade intervals exceeding 100 g/t silver equivalent (“Ag Eq”) with individual sample grades up to 1,049 g/t Ag Eq.
  • Seven of the 12 holes at East Keno highlighted broad zones over 15 m widths of continuous mineralization.
  • Very wide, near-surface, bulk-tonnage style intersects continue to be prevalent in the area (Hole KS21-71 intersected 112.8 m of 36.5 g/t Ag Eq and Hole KS21-72 intersected 88.4 of 28 g/t Ag Eq).
  • At the UKHM target, Hole KS21-73 intersected 1.53 m of 1,049 g/t Ag Eq of high-grade Keno-style vein mineralization (788 g/t Ag, 3.5% Pb, 2.3% Zn). This hole represents a 30 m step-out from 2020 Reverse Circulation (“RC”) Hole KE20-12, which returned 0.76 m of 809 Ag Eq (462 g/t Ag, 2.2% Pb, 5.2% Zn) extending the known length of the high-grade structure.
  • At the Fox showing, 10 mineralized holes (of 11) have been drilled in the past two seasons defining the mineralized zone over 300 m meters of strike length with 26 intersects over 100 g/t Ag Eq.
  • Drilling expanded known mineralized zones in all areas that were drilled in 2021 (Fox, UKHM and Zone 2), and mineralization remains open for expansion at depth and on strike at all East Keno target areas.
  • Five lines totalling 20.3-line-kilometers of Simcoe Geosciences Alpha IPTM system returning Induced Polarization (“IP”) and resistivity anomalies identified 35 new conductive features of interest associated with soil and magnetic targets.

Scott Petsel, President, stated: “We are very encouraged with the results from the new RC drilling, and first ever diamond core drilling, at East Keno that is expanding the scope of the target areas and continuing to validate these discoveries as potential future resource areas worthy of continued investigation. What’s really exciting for the 2022 field season is our ability to now incorporate the new mapping into an updated geologic understanding of the interplay of the regional-scale structures and the newly recognized broader and lower grade style of epithermal mineralization broader and lower grade with what we already know about the Keno style high-grade veins. This should significantly increase our ability to make new discoveries.”

“During the 2022 field season, the Company intends to use core drilling at the Fox, UKHM and Zone 2 discovers with the aim of extending these areas and evaluating resource potential. The potential we see at East Keno cannot be overstated and, with our targeting methodology honed, we expect to make major strides in continuing to advance these top priority targets towards resource definition. We look forward to providing further news including final results from West Keno, as well as an update with respect to our NI 43-101 resource definition at the La Plata silver-gold-copper project in Colorado and our exploration plans for both Keno and La Plata in 2022.”

Figure 1. Keno Silver District Geology and Deposits

2021 East Keno Exploration Program

The East Keno Area is represented by 12 multi-kilometer-scale anomalies which indicate potential for large scale mineralization in the least explored part of the district. The largest of the target areas extends up to five kilometers in length and two kilometers in width with values in soil exceeding 100 g/t Ag Eq. The initial drill campaign in the target area was completed in 2020 and returned several significant high-grade Ag-Pb-Zn massive sulphide vein intervals (KE20-01, 0.77 m @ 1,416.9 Ag Eq) and numerous broad potential bulk tonnage scale intervals (KE20-01, 28.2 m @ 70.1 g/t Ag Eq and KE20-02, 22.1 m @ 52.3 g/t Ag Eq).

The 2021 field program at East Keno was designed to conduct follow-up drilling at the new discovery areas identified in 2020 to define the scale of the subsurface mineralization along trend and at depth within these multi-kilometer-scale soil and geophysical targets. Exploration in 2021 consisted of geophysics, soil sampling, mapping and a total of 2,824 m of drilling comprising 1,507 m in four diamond core holes and 1,317 m in eight RC holes. Drilling at the East Keno target area, since the initial drill discovery in 2020, now totals 4,702 m in 31 holes.

Drilling returned new intervals of higher-grade Keno Style Ag-Pb-Zn mineralization within broad intervals of lower grade, bulk-tonnage style mineralization. The highest grades encountered in 2021 were found at the UKHM showing at the southern end of the five-kilometer-long soil anomaly where hole KS21-73 returned 1.53m of 1,049 g/t Ag Eq (778 g/t Ag, 3.54% Pb and 2.3% Zn) (Table 1). Zones of combined higher-grade zinc and lower-grade silver seen in the 2021 drill results are a result of metal zonation in the vein structures and provide information that can be used to direct future exploration efforts towards more silver-rich areas.

At the Fox showing, the most advanced of the East Keno target areas, broad intervals of bulk-tonnage-style mineralization have been returned in 10 of 11 holes drilled to date with 26 intersections greater than 100 g/t Ag Eq. Six holes (1 core, 5 RC) were drilled at Fox in 2021, expanding the total defined strike length to over 300 m. The best intervals, representing both high-grade Keno Style Ag-Pb-Zn veins and broader bulk tonnage mineralization, found at Fox are KE20-01: 0.77 m @ 1,417 g/t Ag Eq (1,145 g/t Ag, 2.2% Pb and 3.7% Zn) and KS21-71: 112.8 m @ 36.5 g/t Ag Eq (9.5 g/t Ag, 0.04% Pb and 0.5% Zn) (Table 1). The Fox target will be a focus of further off-set and expansion drill testing in 2022 as the target area advances towards resource definition.

Zone 2 and the UKHM target also returned similar broad envelopes of mineralization. The intervals are at shallow depths and may represent epithermal mineralization associated with stacked thrust faults as defined by mapping during the 2021 season. A focus on core drilling for 2022, which provides enhanced structural information, should help further characterize these styles of mineralization and their structural setting and associations.

Soil sampling at East Keno extended the existing +3 km silver in soil anomalies at the Fox target and defined a new zone, Fox Northeast, which appears to connect the previously identified Zone 2 and Fox targets. The Fox Northeast zone expands the known extent of anomalous soils 500 m east and 1,100 m to the north. This strong northerly anomaly coincides with observable lineaments from satellite imagery. A second new zone, Fox North, was also delineated as a 600 m by 350 m north-south trending silver in soil anomaly. Additional surface sampling will be a priority during the 2022 season to see if the Fox North anomaly can be linked with the broader 3 km anomaly to the south which encompasses the Fox, Zone 2 and UKHM target zones.

Table 1 – Highlight 2021 and 2020 Drill Results from the East Keno Target Areas

HoleFrom (m)To (m)Width (m)Ag Eq (g/t)Ag (g/t)Au (g/t)Pb (%)Zn (%)
KS21-68143.26210.3167.0515.27.400.020.13
incl146.3147.831.53156.110600.240.83
incl207.26208.791.53122.8360.010.261.6
KS21-6916.7638.121.34179.200.050.08
KS21-6983.8285.341.52233.31170.010.941.69
KS21-7019.8127.437.6225.316.200.10.06
KS21-7057.9173.1515.24214.30.050.020.23
KS21-7112.19124.97112.7836.59.50.010.040.5
incl22.8624.381.52198.51230.010.990.74
incl60.9664.013.0521548.90.050.163.24
incl60.9670.19.14108.722.20.020.071.7
incl80.7791.4410.67105.322.20.020.041.66
incl86.8788.391.52448.4680.050.047.77
incl100.58102.111.53218320.180.023.53
incl115.82117.351.53155.6360.010.032.47
KS21-7260.96149.3588.3928100.010.050.31
incl60.9662.481.52314.91620.020.892.44
incl89.9291.441.52130.984.20.010.460.59
incl99.06102.113.05119.731.20.040.051.74
incl117.35118.871.5297.14900.40.68
incl138.68140.211.53242.93300.074.34
KS21-73111.25115.824.57424.9305.20.121.391.11
incl111.25112.781.531049.17880.113.542.3
KS21-73146.3147.831.5385.464.10.030.230.18
KS21-7419.8144.224.3918.414.30.010.070.02
incl38.139.621.52103.4910.020.250.01
KS21-74108.2147.8339.6318.411.90.010.050.07
incl115.82117.351.53105.369.10.070.190.42
incl138.68144.786.141.230.60.010.120.11
KS21-7539.6244.24.5854.539.60.010.20.1
KS21-75117.35131.0613.7149.740.80.010.020.16
incl121.92123.441.52326.82810.030.030.86
FX21-0119.820.81111.271.100.440.49
FX21-01115.6116.10.5114.490.20.021.78
FX21-01326.3326.80.5177.71500.023.37
Z221-02137.5138.40.913559.40.040.680.93
KE20-0141.1569.3428.1970.1440.010.140.39
incl67.8168.580.771416.911450.032.193.72
KE20-024870.122.1052.3180.010.050.63
incl62.24640.76683.53010.130.687.14
KE20-0841.9142.670.76387.22930.010.031.89
KE20-1122.8641.1518.2963540.020.190.01
incl38.8639.620.76571.34930.071.820.02
KE20-1285.3489.914.57254.71390.020.891.63
incl89/1589.910.768094620.092.185.15
KE20-1664.7768.583.81594.3280.000.5211.41

1Silver equivalent (Ag Eq) values assume Ag $19/oz, Pb $1.05/lb, Zn $1.30/lb, Au $1,800/oz and 100% metallurgical recovery. Sample intervals are based on measured drill intersect lengths

Figure 2 – East Keno Area Plan Map with 2021 and 2020 Drill Hole Locations

2021 Geophysical Survey

Simcoe Geosciences completed five lines (20.3-line km) of its Alpha IPTM system measuring IP and resistivity on both the Central and East Keno target areas. The survey identified areas of high IP response and 35 conductive features of interest associated with elevated silver in soil and coincident magnetic anomalies. Drilling at Fox North, a new soil anomaly identified in 2021, has provided insight into the potential for a buried intrusive body 500 to 1000 meters below East Keno that may be a driver of mineralizing fluids in the district. The drill hole returned sulphide mineralization and hornfels in association with the edge of the chargeability anomaly, potentially representing alteration by a significant nearby intrusion. The stacked thrusts mapped in 2021 may represent pathways for the epithermal mineralization from these buried intrusive bodies that could be responsible for the wider zones of 20-100 g/t Ag Eq bulk tonnage mineralization seen at East Keno. Further drilling and field work will be required to ground truth the anomalies in 2022.

About Metallic Minerals

Metallic Minerals Corp. is a growth-stage exploration company, focused on high-grade silver and gold projects in underexplored, brownfields mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with nearly 300 million ounces of high-grade silver in past production and current M&I resources. In addition, exploration at the recently acquired La Plata silver-gold-copper project in southwestern Colorado is targeting a silver and gold-enriched copper porphyry and adjacent high-grade silver and gold epithermal systems. The Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: mmgsilver.com
Phone: 604-629-7800
Toll Free: 1-888-570-4420
Email: cackerman@mmgsilver.com

Qualified Person

The disclosure in this news release of scientific and technical information regarding exploration projects on Metallic Minerals’ mineral properties has been reviewed and approved by Scott Petsel, P.Geo., President, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Assurance / Quality Control

All samples were assayed by 36 Element Aqua Regia Digestion ICP-MS methods at Bureau Veritas labs in Vancouver. with sample preparation in Whitehorse, Yukon and geochemical analysis in Vancouver, British Columbia. Samples with over limit silver and gold were re-analyzed using a 30-gram fire assay fusion with a gravimetric finish. Over-limit lead and zinc samples were analyzed by multi-acid digestion and atomic absorption spectrometry. All results have passed the QAQC screening by the lab and the company utilized a quality control and quality assurance protocol for the project, including blank, duplicate, and standard reference samples.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Metallic Minerals Corp.



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Base Metals Energy Exclusive Interviews Junior Mining Metallic Group Metallic Minerals Precious Metals

Metallic Minerals – High-Grade Silver-Gold-Copper in the Yukon and Colorado

Metallic Minerals: TSX.V: MMG | OTC: MMNGF)

Website: https://metallic-minerals.com/

Corporate Presentation: https://metallic-minerals.com/investors/presentations/

The Metallic Group of Companies Website: https://www.metallicgroup.ca/

Investor Relations: Chris Ackerman Senior Manager – Corporate Communications & IR Email: chris.ackerman@metallic-minerals.com

Phone: 604-629-7800 ext. 1 Toll Free: 1-888-570-4420

Metallic Minerals Corp. (TSX-V: MMG / US OTC: MMNGF) is a growth stage exploration company focused on the acquisition and development of high-grade silver and gold projects within underexplored districts proven to produce top-tier assets. Our objective is to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing probability of long-term success. Our core Keno Silver Project is located in the historic Keno Hill Silver District of Canada’s Yukon Territory, a region which has produced over 200 million ounces of silver and currently hosts one of the world’s highest-grade silver resources. The Company’s La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and our McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. Metallic Minerals is also building a portfolio of gold royalties in the historic Klondike Gold District. Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.

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Junior Mining Precious Metals

Metallic Minerals Announces Uplisting to OTCQB Venture Market, Participation in StreetSmart Live! Event Tuesday January 26th


Press Release


Corporate Presentation

Greg Johnson, CEO and Chairman of Metallic Minerals, stated, “Uplisting our common shares is an important step in the advancement of Metallic Minerals, particularly as we have seen a marked increase in interest from U.S. precious metals investors against the backdrop of increasing silver prices over the past 1 ½ years. With a limited number of primary silver exploration opportunities, and particularly those in top North American mining jurisdictions, we are confident this new visibility will improve trading volumes and liquidity as we continue to introduce Metallic Minerals to new investors in the U.S.”

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.metallic-minerals.com Phone: 604-629-7800
Email: chris.ackerman@metallic-minerals.com Toll Free: 1-888-570-4420

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Junior Mining Precious Metals

Metallic Minerals Engages Independent Trading Group as Market Maker and Applies for Uplisting to the OTCQB


Press Release


Corporate Presentation

Greg Johnson, CEO and Chairman of Metallic Minerals, stated: “We believe that the up listing on the US OTCQB® Venture Market along with engagement of ITG as a designated market maker will provide additional market visibility and liquidity for our shareholders and facilitate investment by long-term institutional investors and large investors in the USA and internationally. The Company’s common shares will continue to trade under the symbol MMG on the TSX Venture in Canada and under MMNGF in the USA.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: www.metallic-minerals.com Phone: 604-629-7800
Email: chris.ackerman@metallic-minerals.com Toll Free: 1-888-570-4420

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Blog Junior Mining Precious Metals

Metallic Minerals Completes 2020 Exploration Programs at Keno Silver Project in Yukon, Canada with New High-Grade Keno-Style Sulphide Discoveries


Press Release


Corporate Presentation

Metallic Minerals CEO & Chairman, Greg Johnson, stated, “We are very pleased to have been able to conduct the most robust drill focused program at the Keno Silver project in our relatively short history in a safe and healthy manner following all recommended protocols for COVID-19. With the confirmation in drilling of multiple zones of Keno style sulphides and significant structures in these first ever drill holes at Keno East, this program has opened a huge area of prospective stratigraphy for exploration to the east of the Keno Hill mine. In addition, results at the advanced-stage targets continue to expand the areas of known high-grade silver mineralization. All material from our 2020 program has been sent to labs for analysis and our technical team is beginning the work of compilation and interpretation. We expect initial results from drilling and surface sampling to be received by Q1 2021. We also anticipate announcement of results from our programs this year at the La Plata silver-gold-copper project in
Colorado, USA, as that program begins wrapping up the 2020 season.”

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.metallic-minerals.com Phone: 604-629-7800
Email: chris.ackerman@metallic-minerals.com Toll Free: 1-888-570-4420

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Junior Mining

Metallic Minerals Announces C$2.5 Million Private Placement of Flow-Through Common Shares


Press Release


Corporate Presentation

About Metallic Minerals

Metallic Minerals Corp. is a growth stage exploration company, focused on high-grade silver and gold in underexplored brownfields mining districts. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.metallic-minerals.com Phone: 604-629-7800
Email: chris.ackerman@metallic-minerals.com Toll Free: 1-888-570-4420

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Exclusive Interviews Junior Mining Precious Metals

Find Out Why Eric Sprott Just Invested $2.75 Million Into This Silver Explorer

Metallic Minerals Corp.

(TSX.V: MMG | OTC: MMNGF)

Maurice Jackson of Proven and Probable sits down with Greg Johnson the President, CEO, and Director of Metallic Minerals (TSX.V: MMG | OTC: MMNGF), which just issued a series of successful press releases for shareholders. Mr. Johnson will share the highlights of the companies latest press releases beginning with the $2.75 Million Strategic invest by Billionaire Eric Sprott into MMG, followed by 10 new multi-kilometer targets along with several high-grade Keno type targets, followed by the Property Bank acquisition of the LaPlata Silver-Gold-Copper Project.

Website: www.metallic-minerals.com

Email: chris.ackerman@metallic-minerals.com
Phone: 604-629-7800

Toll Free: 1-888-570-4420

https://youtu.be/LLG975B6s0Y

Transcript



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Junior Mining Precious Metals

Metallic Minerals Closes $2.75 Million Private Placement Financing

Metallic Minerals Corp.

(TSX.V: MMG | OTC: MMNGF)

Has just received a new strategic partner in billionaire and legendary investor Eric Sprott!  This press release further validates to the Market the value proposition of Metallic Minerals.  We have enclosed our initial interviews with MMG to provide a reference on the vision set forth and the companies successes.

*We will be interviewing CEO Greg Johnson this week, to discuss the companies latest successes and developments* 

Greg Johnson, Chairman and CEO stated, “We are very pleased to have the support of one of our industry’s most pominent and renowned investors in Mr. Eric Sprott.

This strategic investment in Metallic Minerals highlights the potential of our flagship Keno silver project in the high-grade Keno Hill silver district of Canada’s Yukon Territory. With these funds we are well-positioned to continue our exciting work at Keno as well as our recently acquired La Plata silver-gold-copper project, both of which we believe have excellent potential to be quickly advanced to resource stage.”

Website: www.metallic-minerals.com

Email: chris.ackerman@metallic-minerals.com
Phone: 604-629-7800

Toll Free: 1-888-570-4420


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