Metallic Minerals Provides Update on the Keno-Lightning Property in Yukon Territory

Metallic Minerals Corp. (TSXV:MMG)(OTC PINK:MMNGF) (the “Company”) is pleased to provide an update on the Company’s ongoing compilation and exploration target definition program along with initial surface sampling results from three of the twelve priority target areas identified at the Keno-Lightning property; a brownfields exploration project, located in the historic Keno Hill silver district of Canada’s Yukon Territory.
In the fall of 2016, Metallic Minerals completed a preliminary surface sampling program, gathering material from three primary target regions across the greater Keno-Lightning property, namely the Caribou, Gold Hill and Homestake Targets. Though these select surface samples may not be representative of the entire target areas they show the style and grade of mineralization that is found elsewhere in the Keno Hill silver district and support follow up exploration activity to be conducted commencing in Q2 2017.
As quoted in the press release:

Greg Johnson, CEO & Chairman stated, “Metallic Minerals has made a number of key advancements over the last six months, including the appointment of our experienced management team in September, an institution-led flow-through financing in November, and property acquisitions announced in January, which nearly doubled the size of our Keno Hill silver district land position to 112.5 square kilometres.”
“Throughout this period, the Company has been undertaking a comprehensive assessment of the geological structures and conditions present at Keno Hill in order to determine priority targets on our ground with the highest potential to host high-grade silver mineralization similar to that which is present in Alexco Resource Corp’s adjacent property. These encouraging, recent surface sampling results support our understanding of the geology and settings for these high-grade Keno Hill type deposits1. Additional follow up exploration will be designed to allow us to further refine and prioritize the best targets for drilling in 2017 among at least twelve target areas that have already been identified. Exploration expenditures are anticipated to be a minimum of $1.1 million in 2017 including, additional geophysics, stratigraphic mapping, rock and soil sampling and drill testing of the highest priority targets.”

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