Metallic Minerals Announces Successful 2023 Drill Results at La Plata Project, Colorado

Metallic Minerals Corp. reported significant outcomes from its 2023 drilling campaign at the La Plata copper-silver-gold-platinum group element project in southwestern Colorado. The exploration included 4,530 meters drilled, achieving dual goals of expanding the inferred mineral resource and defining controls to higher-grade mineralization. The campaign highlighted substantial intersections, including a high of 0.41% copper equivalent over 816 meters. Additional results provided presence of mineralization over large widths and depths.

Newmont Corporation's strategic equity investment significantly contributed to this year’s progress by facilitating technical advancements and operations. The involvement has propelled extensive mineral mapping and advanced scanning technologies, enhancing the project's developmental scope and precision. The enhanced technological support led to the identification of new drilling targets and better characterization of the existing mineral zones.

The exploration not only extended existing mineralization but also introduced new zones for future testing. These developments confirm the potential for significant expansions in resource estimates, incorporating valuable insights into the geological and mineralogical characteristics of the La Plata district—poising Metallic Minerals for further explorations in 2024.