2021 Drill Prog was 2.25X the core over 2020 and inc. the IPJim, the 2020 DP was very successful as they hit mineralization on all the holes drilled but four.
However,they were shallow RC holes.
"Silver mineralization and structure were successfully intercepted in 26 of 30 reconnaissance RC drill holes.
A total of 30 shallow reverse circulation (“RC”) holes totaling 2,644 meters (8,674 ft) were drilled in 2020..."
The 2021 DP was RC plus deeper Diamond Drill holes and the program was 2.25 X the drill core over 2020 and included the IP program, surface sampling, and district-wide stratigraphic and structural mapping.
The program, which began in June, was the Company’s most extensive exploration campaign on the project to date, with 53 holes totalling nearly 6,200 meters (“m”) along with 20.3 line-kilometers of deep-penetrating IP geophysical surveys.
100% of the Keno Program is pending and obviously imminent,as are the La Plata results.
I expect this initial release of Central Keno's drill holes to include an overlapping overview that includes the IP results,mapping and sampling.
MMG received the IP and and surface samples long before the DP concluded so my theory or guess is that they discovered their money was better spent on drilling other targets to be conducted in 2022.
With the Alluvial royalties and Sprott cash infusion I expect a much larger DP at both La Plata and Keno in 2022.
In short,this selloff is entirely flipper-driven.
Since I have much more than five figures of MMG shares at much higher prices and I haven't sold one share since I bought know the profit-taking , flipper opportunists lurk elsewhere on this board.