Metallic Minerals Corp. [TSXV-[TSXV-MMG; OTCQB-MMNGF]reported arise from its fall 2023 expedition drilling project at the 100%-owned, 171 km2 Keno Silver job, nearby to Hecla Mining in the state-of-the-art Keno Hill silver district of Canada’s Yukon Territory.
The 2023 expedition program consisted of 1,112 metres in 4 diamond drill holes concentrated on growth of the Formo target in the West Keno location, which is on pattern with the 100 million-ounce (Moz) historical Hector-Calumet mine managed by Hecla.
Drill hole FOR23-03 represents among the very best intercepts to date for the Keno Silver task, returning grades of 256 g/t silver comparable recuperated (AgEq) over 46 metres. This is likewise the inmost intercept to date on the Formo vein structure (just 275 m vertically from surface area) and mineralization stays completely open down dip and along strike. Formo is prepared for to be among the greatest grade and biggest factors to the upcoming inaugural NI-43-101 mineral resource quote for the Keno Silver job, presently nearing conclusion by SGS Geological Services.
2023 West Keno Exploration Highlights: High-grade silver, lead, zinc and substantial gold mineralization was come across in all 4 2023 drill holes which will add to the pending NI 43-101 Mineral Resource Estimate for the job.
Both top-quality Ag-Au-Pb-Zn vein-style mineralization and wider zones of bulk tonnage Ag-Au-Pb-Zn mineralization consisted of state-of-the-art vein periods and associated stringers and stockwork veining were experienced.
FOR23-03 returned 256.8 g/t AgEq (99.1 g/t Ag, 0.52 g/t Au, 0.65% Pb, 2.62% Zn) over 46.05 m with numerous internal higher-grade zones consisting of, 3.3 m of 1,413.45 g/t Ag Eq (562.4 g/t Ag, 0.20 g/t Au, 2.35% Pb and 20.3% Zn). The bulk tonnage period of this hole represents among the greatest gram-meter (g/t Ag Eq x interval density) periods on the Keno Silver job to date, and extended mineralization by 140 metres from the closest 2022 and historical drill holes.
FOR23-04, a big step-out hole, drilled almost 250 m west of the closest Formo vein drilling, returned 4 different silver-dominant vein structures of substantial width offering extra verification of the capacity for on-strike growth of the Formo target.
The Formo target stays available to more growth, down-dip and on-trend, and reveals possible for brand-new discoveries within the Formo residential or commercial property footprint.
Scott Petsel, president, mentioned, “The Formo target is an amazing, sophisticated expedition phase ‘resource-ready’ target with considerable space to grow including both top-quality and bulk mineable widths that make it open to lower-cost mining techniques. The Formo target is preferably found near facilities as it is nearby to the Silver Trail highway (Highway 11) and power lines that feed the main Keno Hill mill. It likewise straight joins Hecla’s Keno Hill residential or commercial property, where Hecla is actively mining the neighboring Bermingham mine. We are delighted to be able to consist of these brand-new drill lead to our upcoming inaugural resource for the Keno Silver job as these outcomes at Formo continue to show our capability to construct a substantial resource base for the task. The resource quote is anticipated to be total in Q1 2024.”
“In addition, the business eagerly anticipates conference with interested financiers at the upcoming Vancouver Resource Investment Conference, AMEBC Mineral Roundup and Prospectors and Developers yearly conferences where Metallic Minerals has actually been welcomed to show drill core from its 2023 expedition programs at La Plata and Keno Silver. We prepare for reporting extra arise from the Keno Silver job and La Plata jobs over the next couple of weeks.”
The Western Keno Hill district is host to the biggest historical production and existing resources in the respected Keno Hill silver district. The Formo target is found at the crossway of a north-easterly structural zone extending from the Hector-Calumet mine, which was the biggest manufacturer in the district producing almost 100 million ounces of silver and the Elsa structural pattern, which was the 2nd biggest silver manufacturer in the district.
Metallic Minerals sees significant chance for resource development from target growth and brand-new discovery with the additional organized application of expedition, consisting of the growth of comprehensive soil geochemical grids, “resource-ready” target growth through drilling and reconnaissance drilling of early-stage targets.
In the Yukon Territory, Metallic Minerals combined the second-largest land position in the historical top-quality Keno Hill silver district, straight nearby to Hecla Mining Company’s operations, with more than 300 Moz of state-of-the-art silver in previous production and existing M&I resources. Hecla, the biggest main silver manufacturer in the USA and third biggest worldwide, is preparing for complete production at its Keno Hill operations by the end of 2023. An inaugural mineral resource price quote on the job is anticipated in early 2024, with an 1,112-metre growth drill program finished at the Formo target throughout fall 2023.