Metallic Minerals (TSX VENTURE:MMG)(OTC PINK:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce the commencement of drilling at the Company’s flagship Keno Silver Project a highly-prospective, district scale, brownfields exploration property consisting of 112.5 square kilometres in the historic Keno Hill Silver District of Canada’s Yukon Territory.
Through a comprehensive review of modern and historic data, Metallic Minerals has identified more than a dozen priority target areas for further evaluation during the 2017 field exploration program. The first phase of drilling, which is now underway, will focus on five initial targets. The 2017 exploration program budget at the Keno Silver Project is anticipated to be a minimum of $1.6 million including the phase 1 drilling.
Metallic Minerals’ Chairman & CEO, Greg Johnson, stated:
“The soil and trenching work, combined with completed mapping and detailed magnetic and VLF surveys, have contributed to our understanding of the prospectivity of our top target areas and refined the targets for the Phase 1 drill campaign.
With the target refinement phase of the 2017 program nearly complete, our team has now initiated diamond drilling on the priority targets that are the down-dip and along-strike extensions of surface mineralization along the known mineralized trends.”