Metallic Minerals Corp

OTCQB:MMNGFUnited StatesView on Canadian Exchange

Apr 16, 2024

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• Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA, from 7:34AM ET on Tuesday Apr 16, 2024 by Accesswire

  7:34AM ET on Tuesday Apr 16, 2024 by Accesswire
  Companies Mentioned: MMNGF

  VANCOUVER, BC / ACCESSWIRE / April 16, 2024 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) ("Metallic Minerals" or the "Company") is pleased to announce final results from the 2023 drill campaign at the Company's La Plata copper-silver-gold-Platinum Group Element ("Cu-Ag-Au-PGE") project in southwestern Colorado, which finished in December. The exploration program included 4,530 meters ("m") in four diamond drill holes with the dual objectives of expanding on the 1.21-billion-pound copper and 17.6-million-ounce silver inferred mineral resource¹, and defining the controls to higher-grade mineralization as seen in drill hole LAP22-04. As announced in February 2023, LAP22-04 was a continuously mineralized discovery drill hole that intercepted 816 m grading 0.41% recovered copper equivalent¹ ("CuEq"), with significant widths exceeding 0.5% to 0.7% Cu. The intersection also included higher grade zones exceeding 1% Cu with precious metals grades of up to 11.5 g/t Au+PGE and 47 g/t Ag (see Table 2).

• Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA, from 7:34AM ET on Tuesday Apr 16, 2024 by Dow Jones

  7:34AM ET on Tuesday Apr 16, 2024 by Dow Jones
  Companies Mentioned: MMG
  
  This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, statements about expected results of operations, royalties, cash flows, financial position and future dividends as well as financial position, prospects, and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, unsuccessful operations, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration, development of mines and mining operations is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.