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Metallic Minerals Corp V.MMG

Alternate Symbol(s):  MMNGF

Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, and platinum group elements in the North American mining jurisdictions. The Company's projects include La Plata, Keno Silver and Alluvial Royalties. The La Plata project covers approximately 44 square kilometers (km2) within the historic high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. Mineralization is related to a large-scale precious metals plus platinum group element (PGE) porphyry copper system with associated high-grade silver and gold epithermal vein and replacement deposits. The 100%-owned Keno Silver project consists of around 171 Km2 adjacent to Hecla Mining’s mining operations in the historic Keno Hill Silver District of Canada's Yukon Territory. Its Alluvial Royalties include Australia Creek Royalty and Dominion Creek Alluvial Royalty. It owns a 100% interest in the McKay and Silver Hill properties (55 km2).


TSXV:MMG - Post by User

Post by mattbighamon Feb 28, 2021 12:05pm
208 Views
Post# 32681488

My second set of questions

My second set of questions"We may work with Alexco and JV."
"Similiar to Penasquito mineralization....these are the scale that major miners go looking for."
"If we find a large resource we will be attractive as a takeover target." MMG CEO Greg Johnson February 21st
 
 
As the milling complex of Alexco sits next to their Bermingham deposit (and their new discovery at Bermingham Deep) the successful drill intercepts made by MMG along the Bermingham/Elsa/Formo structural corridors (MMG Dec.10,20 NR) naturally lends itself as potential future feed for Alexco's mill.
With both MMG's and the Bermingham Deep discoveries recently announced by Alexco it seems the entire district could now become  a very lucrative target for the majors.
Can Greg expand on this and his recent comments that MMG would consider a JV with Alexco and the potential of mining majors interest if success continues at Keno East?

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