Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Metallica Metals (MM) has filed a NI 43-101 technical report on its flagship Starr gold-silver project
  • The report focuses on the company’s recent 4,426 metre diamond drill program, detail of assay results, and suggestions for future exploration
  • Intercept highlights include 34.9 metres at 1.11 g/t Au from STR21-001, 25.75 metres at 1.14 g/t Au from STR21-003, and 14.2 metres at 4.1 g/t Au from STR21-004
  • Metallica Metals (MM) is unchanged, trading at $0.02 at 12:40 p.m. ET

Metallica Metals Corp. (MM) has filed a NI 43-101 technical report on its flagship Starr gold-silver project.

The report focuses on the company’s recent 4,426 metre diamond drill program, detail of assay results, and suggestions for future exploration.

This is an area that has never been previously drilled in the east and contained newly discovered mineralization. It has been named the Brandi Zone.

Intercept highlights include 34.9 metres at 1.11 g/t Au from STR21-001, 25.75 metres at 1.14 g/t Au from STR21-003, and 14.2 metres at 4.1 g/t Au from STR21-004.

Mineralization at the main Starr showing is open in all directions. Surface showings on west side of property remain to be drill tested.

Source: Metallica Metals Corp.

Metallica Metals’ CEO Aaron Stone stated that the results from the recently completed drill program confirm the high-grade nature of mineralization contained in the central portion of the property, in addition to demonstrating the great potential for further discoveries on the underworked eastern and western parts of the project.

The project is located in Ontario’s Thunder Bay Mining District.

“The new discovery at the previously undrilled Brandi Zone is a perfect example of the future prospects for this project. This report has provided us with a fantastic overview of the project and has given us a clear exploration path to follow. Obtaining a 100 per cent interest in the project is another accomplishment for us. The company is excited by the progression on the property and is committed to expanding the known footprint of mineralization.”

The company has incurred $1,701,429 in qualified expenditures on the project to satisfy the minimum $800,000 in qualified expenditures required in order to earn a 100 per cent interest.

Metallica Metals Corp. (MM) is a junior exploration company targeting gold, silver, platinum, and palladium properties across Canada.

Metallica Metals (MM) is unchanged, trading at $0.02 at 12:40 p.m. ET.


More From The Market Herald

" Fortuna (TSX:FVI) reports production increase

Fortuna Silver Mines (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and

" Sanu Gold (CSE:SANU) begins trading on the OTCQB

Common shares of Sanu Gold Corporation (SANU) have begun trading on the OTCQB under the symbol SNGCF.

" First Tellurium (CSE:FTEL) conducts channel sampling on multiple copper targets at Deer Horn

First Tellurium (FTEL) has conducted channel sampling on multiple copper targets at Deer Horn Property in British Columbia.

" Westhaven Gold (TSXV:WHN) completes sale of royalties and private placement with Franco-Nevada (TSX:FNV)

Westhaven Gold Corp. (WHN) has completed the royalty sales and private placement.