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Metallic Minerals Announces 2018 Exploration Program at Keno Silver Project in the Yukon Territory
(May 09, 2018)
VANCOUVER, British Columbia, May 09, 2018 (GLOBE NEWSWIRE) -- Metallic Minerals Corp. (TSX-V:MMG) (US OTC:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce its 2018 exploration program at its 100%-owned Keno Silver Project in Canada’s Yukon Territory. Plans for 2018 follow on the success of the inaugural program in 2017, which advanced three targets to the resource delineation stage, six targets to drill-ready status, and identified a number of earlier stage priority targets for advancement. Drilling is anticipated to commence in early June along with concurrent exploration work on all priority targets.
Metallic Minerals has acquired a 166 km2 land position in the prolific Keno Hill Silver District, which has produced over 200 million ounces of high-grade silver1. With over 100 years of mining history, the geological controls to mineralization are well understood, and the recent discovery of several major new deposits in the district demonstrates the excellent potential for new world-class discoveries through systematic exploration along the known mineralized structural corridors. With 10 of these known mineralized trends traversing Metallic Minerals’ holdings, the Company is focused on identifying and rapidly advancing the most prospective targets toward resource definition.
Exploration at the Keno Silver Project for 2018 will focus on three stages of targets as a priority:
- Resource Delineation-Stage Targets – A top priority for 2018 will be to complete step out drilling on the three identified resource delineation targets at Caribou, Homestake and the recently acquired Formo target to determine the potential scale of the mineralized systems. The well-mineralized structures at each of these targets have been defined by trenching, channel sampling and shallow drilling that is open at depth and along strike, allowing for further expansion and the potential to define new silver resources;
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