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Metallic Minerals Corp V.MMG

Alternate Symbol(s):  MMNGF

Metallic Minerals Corp. is a Canada-based exploration and development stage company. The Company is focused on copper, silver, gold and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Its flagship Keno Silver project is a 100%-owned, brownfields property consisting of 171 square kilometers (km2) in the historic Keno Hill Silver District of Canada’s Yukon Territory. The La Plata project covers 44 km2 within the high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. The Company holds 100% interest in 26 miles (36.4 km2) of creek and bench mining rights along the Australia Creek drainage, in the Klondike gold district near Dawson City, Yukon. It owns 100% interest in mining rights consisting of 10 claims totaling one mile (1.6 kilometers) along a bench of Dominion Creek, in the Klondike gold district near Dawson City, Yukon.


TSXV:MMG - Post by User

Comment by mattbighamon Jan 25, 2024 4:41pm
98 Views
Post# 35845896

RE:RE:PDAC invited MMG to display their drill core

RE:RE:PDAC invited MMG to display their drill core
Reading between the lines from what Scott has been saying it seems MMG would like to negotiate  segments of Keno to Hecla in the West and a successful explorer like Discovery Silver in the East.
Scott has been openly suggesting this in his last interviews.
Drill programs have been limited at Keno as the company have concentrated at La Plata -and rightfully so given it's success.

The inaugural 43-101 at Keno will give the company specific numbers to attract and negotiate with potential suitors. They have been displaying core at these dog n pony shows and PDAC is the show the entire industry attends with MMG an invitee to display core there.

This plan allows MMG to expedite La Plata  where the company are concentrating the majority of their resources.

For me this is a prudent course as the DP's and exploration at Keno have taken a back seat because of the success at LP and this is their course of strengthening the company's share price with minimal dilution going forward.

The company will also expedite exploration by contracting more operators to their alluvials and Scott has hinted there may be news on that front TBA.

Their game plan has been formulated and now we await the partners / NR's that fuel expeditious development of La Plata.


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