RESULTS AWESOME
Metallic drills 4.1 m of 2,536 g/t AgEq at Keno
2021-04-07 08:18 ET - News Release
Mr. Greg Johnson reports
METALLIC MINERALS INTERSECTS HIGH-GRADE SILVER AT WEST KENO TARGETS INCLUDING 4.1 METERS OF 2,536 G/T SILVER EQUIVALENT ON THE KENO SILVER PROJECT,YUKON, CANADA
Metallic Minerals Corp. has provided drill results from the advanced West Keno targets on the company's 100-per-cent-owned, 166-square-kilometre Keno silver project within the high-grade Keno Hill silver district of Canada's Yukon. The program consisted of 12 diamond drill holes totaling 2,674 meters (8,772 ft) completed at the Formo and Silver Queen targets along extensions of Alexco Resource's productive Bermingham and Elsa structural corridors. Drilling at Formo intersected high-grade silver within well-mineralized vein structures along a north-easterly extension of the Bermingham-Calumet system, which is host to the largest historical mine and the largest current resources and reserves in the Keno Hill silver district1,2.
Diamond drilling at West Keno was focused on confirming and expanding the areas of known high-grade mineralization within the existing, historical resource area at the Formo target area. This work follows up on underground channel sampling which identified three mineralized shoots grading more than 1,000 g/t silver equivalent ("Ag Eq") that remain open to expansion. These results are an important next step towards developing an initial mineral resource at the Formo target. A single diamond drill hole was also completed at the Silver Queen target to confirm the presence of the Bermingham deposit host stratigraphy along potential parallel extensions of the Bermingham structural corridor.
HighlightsFOR-20-003 in the Formo Target Area intersected 4.1m at 2,536 g/t Ag Eq from 96.0m to 100.1m depth including 3.0m at 3,425.9 g/t Ag Eq (1,568 g/t Ag, 29.45% Pb and 15.35% Zn).FOR-20-006: Intersected 2.15m at 740.6 g/t Ag Eq from 137.63m to 139.78m depth including 0.7m at 2,255.9 g/t Ag Eq (1001 g/t Ag, 8.92% Pb, 18.92% Zn).FOR-20-004: Intersected 6.1m at 367.6 g/t Ag Eq from 89.8m to 95.9m depth including 1.9m at 698.4 g/t Ag Eq and 0.5m of 1,083.6 g/t Ag Eq (601 g/t Ag, 7.33% Pb and 4.25% Zn).FOR-20-001: Intersected 6.1 m at 284.5 g/t Ag Eq from 50.9m to 57m depth including 3.05m at 447.5 g/t Ag Eq (369 g/t Ag, 0.11% Pb and 1.52% Zn).SQ-20-001 in the Silver Queen Target Area intersected 300 meters of the stratigraphy that hosts the Bermingham and adjacent Silver King deposits, successfully confirming the presence of this prospective unit at moderate to shallow depths.Geophysical and geochemical surveys have identified several new untested kilometric-scale targets for follow up drilling in 2021 at the Formo and Silver Queen target areas.
Metallic Minerals CEO & Chairman, Greg Johnson, stated, "We are very pleased with the success we have achieved in both phases of our 2020 Keno Silver Project exploration program. At our advanced-stage Formo target in the West Keno area, 10 of 11 diamond drill holes intercepted significant mineralization, further confirming the presence of high-grade Keno-style mineralization that remains open to expansion. We are particularly encouraged to see these very high-grade intercepts over significant widths at Formo and follow-up diamond drilling along these identified structures will be a priority in 2021, along with testing of several newly identified, kilometer-scale geophysical and geochemical targets at West Keno. In February, we announced results from East Keno demonstrating the presence of high-grade mineralization within broad continuous zones of potential bulk-tonnage silver mineralization in a previously untested part of the Keno Hill silver district. This effectively expanded the known extent of drill-defined Keno-style mineralization by 10 kilometers to the east and demonstrated the potential for major new discoveries in this underexplored part of the district. Planning is underway for a significantly expanded exploration program at the Keno Silver project in 2021, with field activities anticipated to begin in late Q2. The Company is fully funded to meet its 2021 program objectives and also looks forward to providing additional updates on its exploration work at the La Plata silver-gold-copper project in Colorado, USA, as well as 2021 drill plans."