Greg's presentation
Dec 08
Greg Johnson
" We already know that we are being watched by the biggest companies in the industry."
Keno:
Potential of a world-class district.
Potential of a billion oz resource district.
Highest grade resource in the industry.
Rapidly id'd six advanced stage targets.
Id'd 12 multi-kilometre targets in the east.
Infrastructure intact-power,water,roads,etc.. Mill in operation at Alexco.
Keno Hill is the highest grade and toll grade of the six silver districts in the world.
Tier one jurisdiction.
We already know that we are being watched by the biggest companies in the industry.
40 odd historical mines.
50-100 million oz deposits.
Eastern end -we are defining bulk tonnage targets which will be a game-changer for this district.
Eastern district:
We expect higher grades at depth.
5km long x 2km wide -bigger targets than we have ever seen in this district.
Highly successful drilling to date.
Scale,style of mineralization suggests bulk tonnage and high-grade Keno style.
The model compares to Penasquito.
An intrusive or porphyry system that is bulk tonnage.
We see a similar system: bulk tonnage,breccisa,veins,dikes-this is really quite exciting and our DP was designed to develop resources there.
La Plata:
High grade vein district with a porphyry.
District scale.
Bulk tonnage with high -grade veins like Keno East.
This is a great fit for our team and is starting to get attention from the majors.
Advancing a 43-101 rapidly in parallel with Keno Hill.
Will be reporting on the DP and work there shortly.
Questions:
Metallic has already shown two muli-kilometre districts at scale. Tier one assets with low political risk and full infrastructure.
Nova Gold alumni. Potential to rapidly grow the resource and de-risk to higher valuations.
La Plata has the potential to be a stand alone asset.
Imminent news from central Keno.
Keno-2 phase drill program-150m RC-laterally and down dip.
10m-100m in width
Wnd phase was core drilling supported by deep IP work
Did deeper holes and drilled Caribou, Homestake and Formo-big step outs to see size for a 43-101.
Metallic consolidated the district from 40-odd operators.
Took shares of MMG.
Future and potential facilitated this.
La Plata came in and we bought from two experienced operators with solely equity-shares in Metallic Minerals.
In mining it is fortunate to be at the right place at the right time.