Metallic Minerals Announces Filing NI 43-101 Technical Report for the Inaugural Mineral Resource Estimate on the La Plata Project in Southwestern Colorado, USA
TSX.V: MMG | OTCQB: MMNGF
1
Metallic Minerals Announces Filing NI 43-101 Technical Report for the Inaugural Mineral Resource
Estimate on the La Plata Project in Southwestern Colorado, USA
June 13, 2022, Vancouver, B.C., Metallic Minerals (TSX.V: MMG | US OTCQB: MMNGF) (“Metallic Minerals”, or the
“Company”) is pleased to report that, further to its news release dated April 26, 2022, it has filed on SEDAR a National
Instrument 43-101 technical report , entitled, “Technical Report on the Inaugural Mineral Resource Estimate for the
Allard Cu-Ag Porphyry Deposit, La Plata Project Southwestern Colorado USA”, has an effective date of April 3rd, 2022.
Scott Petsel , President of Metallic Minerals , stated, “The inaugural resource, which defined 889 million pounds of
copper and 15 million ounces of silver (Inferred) at the Allard Cu -Ag Porphyry deposit, was a major milestone for the
Company. The project team is currently working to finalize the next phases of exploration to include additional ground
and airborne geophysical surveys, resource expansion drilling and the testing of newly identified targets representing
both potential porphyry centers and high -grade silver-gold-telluride epithermal targets. We look forward to meeting
with existing and potential shareholders this week during PDAC 2022 in Toronto June 13-15, as well as during the Yukon
Mining Alliance Property Tours and Conference June 20-24 in Dawson City to discuss the exciting potential we see for
both our flagship projects.”
The Technical Report was authored by Allan Armitage , Ph.D., P.Geo. of SGS Geologic Services (“SGS”) an independent
Qualified Person and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral
Projects. The report is available under the Company’s profile at www.sedar.com and will also be available on the
Company’s website at www.mmgsilver.com.
About SGS Geological Services
SGS Geological Services has an experienced and respected mining team focused on the domestic and international
mining industry. The team has considerable experience in estimation and modeling of deposits of all types and
practical and theoretical experience having realized hundreds of assessments for clients. The SGS team consists of a
multi-disciplinary group of qualified persons with a strong understanding of the disclosure requirements for Mineral
Resources set out in the NI 43-101 Standards of Disclosure for Mineral Projects (2016), CIM Definition Standards – For
Mineral Resources and Mineral Reserves (2014) and a strong understanding of the CIM Estimation of Mineral
Resources & Mineral Reserves Best Practice Guidelines 2019.
Upcoming Events
PDAC 2022 – Metallic will join fellow Metallic Group members Stillwater Critical Minerals (formerly Group Ten Metals)
and Granite Creek Copper in Booth 2851 at the Prospectors and Developers Association Convention in Toronto, ON
from June 13-15.
Yukon Property Tours & Conference – Metallic will be in Dawson City June 20 -24 for the 2022 Yukon Property Tours ,
with President, Scott Petsel, and CEO, Greg Johnson, both visiting the Keno Silver Project for exploration planning.
About Metallic Minerals
Metallic Minerals Corp. is an exploration and development stage company, focused on silver, gold and copper in the
high-grade Keno Hill and La Plata mining districts of North America. Our objective is to create shareholder value through
a systematic, entrepreneurial approach to making exploration discoveries, growing resources and advancing projects
toward development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver
district of Canada's Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with more than 300 million
ounces of high-grade silver in past production and current M&I resources. In addition, the Company recently
announced the inaugural resource estimate for the La Plata silver-gold-copper project in southwestern Colorado. The
Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon.
All three districts have seen significant mineral production and have existing infrastructure, including power and road
access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major
precious and base metal deposits, as well as having large-scale development, permitting and project financing
expertise.
2
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration and development companies,
with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-
grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals
in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Granite Creek
Copper in the Yukon’s Minto copper district, and Stillwater Critical Minerals in the Stillwater PGM-nickel-copper district
of Montana and Kluane district in the Yukon. The founders and team members of the Metallic Group include highly
successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With
this expertise, the companies are undertaking a systematic approach to exploration and development using new
models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. Members of the
Metallic Group have been recognized as recipients of awards for excellence in environmental stewardship
demonstrating commitment to responsible resource development and appropriate ESG practices. The Metallic Group
is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTCQB
and Frankfurt stock exchanges.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: mmgsilver.com Phone: 604-629-7800
Email: [email protected] Toll Free: 1-888-570-4420
Forward-Looking Statements
Forward Looking Statements: 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, 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, 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 companies with securities regulators. Readers are cautioned that mineral resources that are
not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.