Greg Johnson presents in Europe https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2021/11/15/metallic-minerals-corp/play/stream/32912
Keno district is one of the few high-grade districts globally and is:
Owned by juniors
WIith low poliical risk
Opportunity for significant exploration discoveries
6:30 Initial drilling at Fox and McKimm Creek areas demostrate the potential for a significant ,new system
Deep IP program has been conducted this summer from surface to 800 meters depth and we are seeing some outstanding response in that geophysical system
7:09 The model developing in the east is a Penasquito system: Large scale system hosted in structures that are affiliated with a deep,underlying intrusion.
We see a lot of similiarities in that pattern:
multi-kilometre scale
indications from the soil and geophysics of a multi-kilometre footprint
High-grade structures,breccia zones-all coming together over a system demonstrating multiple targets we are just starting to drill into
This is going to be an exciting development for the Keno project as we start to understand better these previously untested mineral zones
La Plata district:
90 high-grade mines
Spanish discovery in the 1700's
Rio Tinto came in the 50's and then Freeport Mac drilled 54 drills/14,000m + drilled
Defined,historic resource area and exploring outlying precious metals rich areas of the deposit
LP3 intercept-400m starting at surface of .475 Cu eq
Opportunity is to rapidly develop a modern 43-101 resource with past / present drilling
Significant mineral system of gold,silver and copper
Open at depth
Open along strike
Rally represents a significant mineral system
We see a number of additional porphyry sectors while developing multi-kilometre scale targets that have never been tested
Klondike alluvial properties:
Open pit , large-scale operations
3 licenses with experienced operators now
We will take 10-15% royalty
Permitting process underway for additional holdings
Can see potential for 10-15 operators
Drilling and bulk sample testing underway
Initial production to start in 2022
136m shares o/s
$5m in capital
no debt
Mgmt 19%
Sprott 16%
Two projects of geologic systems of significant scale and grade
world-class deposit models with the potential to be tier-one assets
Systems all in North America
Well-established,major mining jurisictions
Highly experienced teams with the expertise/track record to develop these systems
Rapidly develop,grow and de-risk resources
Wrapping up our exploration programs at Keno,Klondike and La Plata right now
News expected to flow significantly into Q4 and early into next year
Infrastructure in place
Low capex
rapid development potential projects