A Canadian explorer concluded this based on recent
and historical exploration work there.
Metallic
Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced in a news release the latest exploration results from its Keno
silver project in Canada's Yukon Territory.
These findings come from recently conducted exploration work and
compilation and analysis of historical data on the Central Keno Hill Silver
District, or the central 12 kilometers of the 35 kilometer-long district.
That area encompasses the past-producing Keno Hill, Lucky Queen and Sadie
Ladue mines along with six smaller high-grade historical mines on Metallic
Minerals' property.
Metallic Minerals' work over the past several months included developing
and refining its three-dimensional geologic and structural model of the
central district. The company also processed and interpreted "airborne
resistivity and magnetic data, including integration of new remote sensing
data over this part of the project," the release explained.
The company noted that the new results, for one, confirmed the presence of
bonanza-grade, Keno-style silver mineralization. Grades of 1,000 grams per
ton silver were noted at the late-stage Caribou and Homestake targets. Eight
other, undrilled targets were identified as well.
Also, extending from the areas with this type of structure are two new,
multikilometer targets with highly elevated silver, lead and zinc in soils in
the Keno Summit area.
Also there, the structural corridor, which includes the Keno Hill mine,
and the Gold Hill, Duncan and Caribou structures, is about the size and style
of the Bermingham-Calumet system. This suggests Keno-type silver deposits
could be developed in the central part of the district, the company asserted.
Further, the other corridors that are parallel to the north and south,
which host the Bounty and Homestake targets, are like those in the area of
the district explored to a greater extent. This suggests there is potential
for significant expansion in the Keno Summit target area, according to the
company.
"Our focus now is to vector along these mineralized structures within
the preferred host rock windows to define the areas of thicker, high-grade,
Keno-style silver mineralization that can build towards significant mineral
resources," President and CEO Greg Johnson said in the release.
"We are excited about the second half of the year as we follow up on
a number of important recent developments and value creating initiatives. We
look forward to providing additional news, including new results from 2019
exploration along with an update on the modelling and plans at the Company's
targets in the West Keno Hill Silver District," Johnson noted.
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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and
provides services to Streetwise Reports as an independent contractor. She or
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