Creating Value Through Discovery
Metallic Minerals Corp. is focused on the acquisition and development of high-grade silver & gold projects in underexplored districts of the Yukon Territory which are proven to produce top tier assets. Our objective is to create value for our shareholders through a disciplined, yet innovative and enterpreneurial approach to exploration, thereby reducing investment risk and maximizing the probability of long-term success.
Proven High-Grade District
Our primary focus is the Keno Hill Silver District in Canada’s Yukon Territory, a region renowned for its extremely rich historic production. Over 200 million ounces of high-grade silver have been mined in the Keno silver district, making it one of the largest and richest silver producing districts in the world1.
The district has excellent access and transportation infrastructure, existing grid electrical power, all modern facilities and a fully-permitted, operational mill at Alexco Resource Corp’s adjacent Keno Hill property, which hosts over 67 million ounces of high-grade silver in current M&I resources2.
Highly - Prospective Assets
Our Keno Hill holdings consist of 112.5 square kilometres (43.4 square miles) of highly-prospective ground, which has hosted seven historic producing deposits, including four with some of the highest average silver grades3 in the district. Until recently, this brownfields area, covering the eastern and southern portions of the Keno silver district, had seen only minimal modern exploration due to the previously fragmented, private ownership. Metallic Minerals has largely consolidated these areas and eight of the district’s twelve known mineralized trends continue across our Keno Silver Project and occur within the preferred host rocks (quartzite and greenstone) for Keno type deposits.
Major advancements in understanding the geological structures and conditions that give rise to high-grade Keno style silver mineralization have been made over the past decade, with several exciting new discoveries in the district. Metallic Minerals’ technical team has undertaken a comprehensive review of current and historical data and will be completing follow-up work to guide the team’s exploration efforts as we continue to advance our Keno Silver projects.
Expertise & Track Record
Our Board and Management have extensive experience in the global exploration and mining business, from the discovery phase to large scale project development, with additional expertise in permitting, sustainable development and community engagement, as well as project financing.
The Metallic Minerals team is specifically credited with the discovery or expansion and advancement of a number of world-class precious and base metal deposits in the region, including the Wellgreen PGM-nickel, Galore Creek copper-gold-silver and Donlin gold projects, as well as other major silver, gold and copper projects internationally.
Importantly, we have decades of experience in the north where we have established long-term working relationships with First Nations and Native Corporations, as well as local communities and regional governments. As recipients of the Yukon Government’s awards for excellence in environmental stewardship, members of the Metallic Minerals team have been recognized for their commitment to sustainable and responsible development.
The Metallic Minerals team are all owners of the Company and our focus and interests will remain fully-aligned with our valued shareholders as we implement our vision over the coming months and years.
Footnotes: 1. Yukon Government’s Minfile database. Between 1921 and 1988, the Keno Hill Silver District was a world-class silver producer, with more than 217 million ounces of silver produced at average grades of 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc. 2. Alexco Resources Corp. news release dated January 3, 2017 titled “Alexco Expands Bermingham Indicated Resource to 17 Million Ounces Silver, Remains Open”. 3. Cathro, R.J. (2006) Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory; Geoscience Canada, vol. 33.
The technical information contained in this website has been reviewed and approved by Scott Petsel, P.Geo, who is the Qualified Person under National Instrument 43-101.