March 4th presentation done by Scott and Greg Mar 4, 2023
https://www.youtube.com/watch?v=cKlpoLIU8m0
CEO Greg Johnson and President Scott Petsel discuss Metallic Minerals drill intercepts which include 816 Meters of 0.41% CuEq, ending in 3.53% CuEq over final 9.75 meters in newly discovered high-grade zone at the La Plata project, Colorado, USA.
Last hole of 2022 season drilled 816 metres of continuous mineralization -.41% cu eq-from surface,ending in mineralization
The lower 500m ran .51% cu eq with significant precious metals component
Last 10 metres ran 3.5% cu eq with 1.5% copper 12 g/t silver and 3 g/t gold/platinum credits
The very last sample ran 5% copper,18 g/t silver and 5g/t gold+PGE
Ended in very high grades but mechanical issues on the drill terminated the DP.
"I think we all believe firmly within Metallic that the new hole that has been drilled will be a significant increase to this resource and we will work diligently to bring the new resource to the table in the coming months." President Scott Petzel
"The resource currently only captures value from copper and silver. Recent sampling , historic holes and our four drill holes we bring in the gold and PGE component-and that is quite significant in this most recent drilling.We see an opportunity -just by adding those metals-to increase value.We would expect the grade from the existing model to go up and now the geometry has been increased with that stepout hole. So, a number of opportunities for enhanced value in the resource as part of this upoming update." CEO Greg Johnson
"The project is not just a copper project." Scott ....Platinum,palladium,gold,silver,rare earths,telluriums....
"The epithermal systems that surround the porphyry center ...we have 57 different veins that we have identified within our property boundaries that are epithermal gold and silver telluride. A lot of enhancement opportunities on the project that we are excited about." Scott
Keno
40 targets.
Five advanced targets to resource stage now.
Scott talks Fox and ' sheeted veins ' up to 140 m wide.
Greg talks the alluvials and Parker Schnabel-400 holes being drilled now.
Late spring pre-production.
Producing by June.
A dozen other blocks with half a dozen permits in place-working on new permits.
Over time to grow a fleet of operators-up to ten.
May be quite significant for our exploration budget.
Results pending from Caribou and central Keno coming near term.
Inaugural resource after mid-2023.
Updated resource at La Plata near term.
Alluvial production and royalties mid-year.
New DP's being modelled now for LP and Keno.
49 minute mark there is a Q and A.
I think investors should listen to what Greg says around the 50 minute mark.
51 minutes-talk hole four and the "beautiful,exciting grade".
52 minutes-Original target depth was 1,000 -1,200m but had mechanical issues.
54 minutes-talking upside of grade,metals,resource and expansion
2023 LP drilling? Permit allows 25 holes . Start drilling late spring.
57 minutes- Parker's Gold Rush show will highlight MMG as the operator
1:02-Talk Hecla,production and East Keno
1:06 -Talking Hecla and relationships with them/ purchase of ATAC and what it implies for Mmg
1:07 -New results at Keno,Resource expansion at LP,RC coming at Keno and production royalties expected.
PDAC this weekend. Booth. COre shack. Scott's presentation. Meetings.