Regarding "not getting too excited"
That's fair comment based upon the glacial pace of developing Keno but development of LP does not resemble Keno.
Newmont is funding/expediting the drill programs for their % and providing MMG a team with technical expertise.
La Plata's drill core and potential has allowed MMG to bring Dr. Maier and Dr. Enders aboard as independent directors.
If Newmont acknowledges the value and strikes their .55 cent warrants this SP is vastly underperforming and/or is simply under the radar.
MMG increased the La Plata resource by 25% driven by the LAP 22-04 / 816 m discovery hole:
'The expansion from the inaugural resource to the current 1,317 Mlbs CuEq is largely driven by the major discovery in drill hole LAP22-04 (drilled in 2022.'
MMG NR July 31.2023 : Metallic Minerals Expands Resource at La Plata
*All four 2023 DP drill holes intersected porphyry style mineralization over their entire lengths with varying levels of visible copper sulphides and vein density.
LAP 23-08 1304m
LAP 23-07 965m
LAP 23-06 1350m
LAP 23-05 911m - MMG have photos of core sections from DH 23-05 @ 433m on their Dec.13,2023 NR
MMG will be adding/ including gold,platinum and palladium to the 2023 calculations and the overall resource.
To sum up the point of this post is that MMG increased their overall resource by 25% with the 1,730 m DP in 2022.
MMG have stated the 25% increase came primarily from one of two 2022 DP holes,the now famous DH 22-04 of 816m.
MMG have nearly tripled that drill core in 2023 (4530m) and will be including gold,platinum and palladium to the copper and silver credits.
All four of the 2023 DC's are fully mineralised.
The overall health and headlines of a fully mineralised 1,350 DH and a resource with increased overall mineralisation values will be noted to both the industry and the market.
It's coming up next so we shall see what happens.