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Metallic Minerals Corp.
Summary
| Project: | Keno | |
|---|---|---|
| Deposit: | Homestake | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Gold | |
| Date: | 12/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2017: Metallic Minerals Corp. announces an Exploration/Drilling Update report for its Homestake deposit at the Keno project. Drilling results incl. 1.76m @ 522g/t Ag, 0.47% Pb, 0.25% Zn, 0.030g/t Au from 73.15m. December 21, 2017, Vancouver, B.C., M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Petsel (Internal) | |
| ABSTRACT: | December 21, 2017, Vancouver, B.C., Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce drill results from six holes drilled on two parallel vein targets on the Homestake block at its 100%-owned Keno Silver Project in Canada’s Yukon Territory. A total of 1,320 meters of diamond drill core was collected from 14 holes drilled in 2017 on areas prioritized during initial exploration work, namely two vein targets at Homestake (see Figure 1) and the previously announced high-grade results at the Caribou and Duncan targets. The results discussed herein show that the Homestake targets are vein structures within a broad structural corridor nearly 200 metres wide, with both longitudinal and transverse-style veins. The Homestake #1 vein shows classic Keno style, high-grade silver-lead-zinc mineralization, whereas the #2 vein also shows significantly elevated gold, which is characteristic of some structures in the larger deposits within the Keno Hill silver district. The strongest grades to date include assays of 4,027 g/t silver from drilling and 4,717 g/t silver from trenching on the Homestake #1 vein, and 22.1 g/t gold with 332 g/t silver from trenching on the Homestake #2 vein. The Homestake vein systems are exposed at the surface and are open to further expansion down dip and along trend (see Figures 2, 3 and 4). The objective at the Homestake targets was to drill below, and along trend of, the shallow historic mining and sampling on the structure to determine the potential of the systems to host significant high-grade silver, lead, zinc and gold, and to provide vectors to assist follow-up exploration aimed at pursuing higher-grade material. All six 2017 drill holes intersected the mineralized Homestake structures, with highlight assays for all results to date shown below in Table 1. Offset drilling on the Homestake #1 and #2 vein structures is a key component of the planned 2018 exploration program, particularly down dip and along strike in a broad window of more massive Keno Hill quartzite, one of the preferred host rocks in the district. | |
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