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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

Comment by mattbighamon Sep 14, 2024 7:12am
77 Views
Post# 36223600

RE:RE:RE:RE:Greg Johnson:LP "a great fit" for Newmont

RE:RE:RE:RE:Greg Johnson:LP "a great fit" for NewmontYou're welcome and thanks.

MMG have 167m shares O/S and 199 FD and they have been responsible fiscally while participating in financings  themselves at levels well above the current share price.
It's been painfully slow but they have said they will monetise Keno to drill develop La Plata so there's that.
Timing again. Nobody stepping up with an acceptable offer  so they have to keep drilling until the offer is there.

MMG need to make a drill discovery on one or more of the porphory centers and then drill down on the highest mineralised porphory for proof of the district-scale concept and bring in the market.

I am hoping the revised count at LP is a pleasant surprise and that they announce something similar from either drill program.

Finally,MMG have to get into a position where they are constantly drilling LP and that will take discovery or cash infusion so we await either/or.


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