Metallic Minerals Corp V.MMG

Alternate Symbol(s): MMNGF

Metals & Mining Industrial Metals & Minerals

Metallic Minerals Corp. is a Canada-based exploration and development stage company. The Company is focused on copper, silver, gold and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Its flagship Keno Silver project is a 100%-owned, brownfields property consisting of 171 square kilometers (km2) in the historic Keno Hill Silver District of Canada’s Yukon Territory. The La Plata project covers 44 km2 within the high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. The Company holds 100% interest in 26 miles (36.4 km2) of creek and bench mining rights along the Australia Creek drainage, in the Klondike gold district near Dawson City, Yukon. It owns 100% interest in mining rights consisting of 10 claims totaling one mile (1.6 kilometers) along a bench of Dominion Creek, in the Klondike gold district near Dawson City, Yukon.

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Metallic Minerals Corp > Excellent news release

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Comment by deeton Sep 20, 2024 10:46am

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Post# 36233055

RE:RE:RE:Excellent news release

deet wrote:
mattbigham wrote:
The company needs funding to expedite LP drilling and a potential sale of Keno assets,in whole or in part,facilitates this.
Another funding option is drill discovery and if they aren't drill testing LP porphory targets,namely the three that have already been identified,that leaves the revised resource re-rating.
It could be that the drill core that is being recalibrated for the revised resource at LP (incorporating gold and PGM's) IS rich enough to mine and NEWMONT will strike their warrants to increase their ownership.
This news is encouraging with NEM fully involved in the early development of La Plata.
The go signal is the announcement of additional, porphory center drilling and subsequent district scale viability confirmation.
The prospective targets are rich and multiple so we await the news that NEM/MMG are drilling beyond Allard.
That news can happen at any time as southern Colorado/northern Arizona is not the Yukon. Drilling programs can be activated at any time of the year.

We're getting closer.

Lately, someone is doing their best to keep a lid on our share price. Newmont just picked up more MMG shares for 36 cents.... yet the share price hasn't budged. Precious metals are skyrocketing but MMG is down this morning....trading at 21 cents with lots up for grabs at a mere 21.5 cents. I don't get it. Why is the share price not responding to the gold/silver market?