Vancouver, British Columbia, November 25, 2021 (GLOBE NEWSWIRE) - Metallica Metals Corp. (CSE:MM) (OTC:MTALF) (FWB:SY7P) ("Company" or "Metallica Metals") is pleased to announce Analysis results of the first three diamond drill holes (STR21-001 to 003) completed by the Starr Gold and Silver Project ("Starr" or "Project") to verify high-grade gold mineralization in Thunder Bay, Ontario, Canada. The company has the right to obtain up to 100% interest from Benton Resources Inc. The project covers a large area (5,991 hectares), including several high-grade gold and silver deposits within a 20-km stretch of southwest. Part of the Shebandowan Greenstone Belt (Figure 1).
Recent drilling confirmed the grade continuity between historical boreholes in the Starr Central target area, and the results showed that high-grade gold mineralization extends along strike.
Several thick high-grade gold ribbons were identified. Important interceptions include:
34.9 m, 1.11 g/t Au, depth 0.5 m, including 2.1 m, 11.63 g/t Au and 1.15 m, 2.45 g/t Au and 2.45 m, 2.81 g/t Au
2.05 m, 0.82 g/t Au, depth 65.85 m, including 0.5 m, 2.91 g/t Au
25.75 m, 1.14 g/t Au, depth 5.8 m, including 4.45 m, 1.95 g/t Au and 0.9 m, 13.1 g/t Au and 3.3 m, 1.69 g/t Au
The Starr project has historically been under-explored, and drilling is expected to increase our confidence in the geology and structure of these mineralized zones, especially in the east and south of the project.
It is expected that there will be more test results soon, and Stahl has completed more than 13 holes. The second drilling rig of Forage Fusion Drilling (FFD) in Hawkesbury, Ontario has also arrived at the site to complete the drilling target on the east side of the project.
Paul Ténière, CEO and Director of Metallica Metals commented: "These first drilling results of the Starr project confirm the continuity and thickness of high-grade gold mineralization existing in the Starr Central target area and shallow depths. We also see the history The good correlation of drilling results is encouraging as we continue to advance our 4,000-meter drilling program and continue drilling in the Stahl and Powell areas. The second diamond rig has arrived at the property and has started drilling east Targets that have never been tested under the surface, such as CK, show that they contain up to 16.5 g/ton of gold and 349 g/ton of silver, from historically grabbed samples."
Figure 1: Metallic Metals' Starr gold and silver project relative to neighboring assets including the Moss Lake gold deposit (Source: 2013 NI 43-101 technical report and Moss Lake project and Kesselrun Resources' PEA news on October 7, 2020 Release) https://www.globenewswire.com/NewsRoom/AttachmentNg/930d5bde-f688-451a-bee3-e173c1ee2b30
Please note: The adjacent Moss Lake gold deposit has 39,797,000 tons of indicated mineral resources, with a grade of 1.1 g/ton of gold, containing 1,377,300 ounces of gold, and an inferred mineral resource of 50,364,000 tons, with a grade of 1.1 g/ton of gold, containing 600 ounces of gold It is currently under maintenance and maintenance (Source: NI 43-101 Technical Report and PEA of the Moss Lake Project, effective date of May 31, 2013, and in Moss Lake Gold Mines Ltd. (now Wesdome Gold Mines Ltd.) Filed on SEDAR. ). Readers are reminded that the mineralization and mineral resource estimates of adjacent and/or nearby assets do not necessarily indicate the mineralization of the Starr Project (see other warning statements below).
The summary and important test intercepts of the first three drill holes (STR21-001 to 003) that have been completed are shown in Table 1 and Table 2, respectively. Figures 2 and 3 show the location of the holes and the important intercepts. Figure 4 below shows a photo of mineralization in the STR21-001 hole drill core.
Table 1: Table of collars drilled by Starr Diamond (holes STR21-001 to STR21-003)
Note: Approximate collar coordinates in UTM NAD83 Zone 15N
Table 2: Important gold intercepts of Starr Project diamond drill holes STR21-001 to 003
Note: The true width of these intervals is currently unknown. The displayed grade is not cut.
Metallica Metals has focused its diamond drilling program on the long-established high-grade gold mine combination within the Starr project. The three main areas to be tested are the Central (Starr and Powell area), East (CK display plus additional targets), and West (West and South display) Stahl target area. Drilling is testing several structural and geophysical targets based on the company's recently completed airborne magnetic and electromagnetic surveys, combined with all historical geochemical, geophysical and geological data for the project. Drilling supervision, core logging, and sampling are managed by Fladgate Exploration Consulting Corp. ("Fladgate") in Thunder Bay, and diamond drilling is performed by Timmins and Forage Fusion Drilling (FFD), Missina, in Hawkesbury, Ontario Completed by Bi Drilling Services Co., Ltd. All diamond core diameters are NQ size, and all holes are measured with downhole reflection measurement tools.
Drilling around the central part of the property (Starr Central) has been concentrated in the Starr Showing and Powell areas (Figure 2). The company uses existing historical data, recommendations from previous work reports, and newly completed geophysical and structural interpretation goals to plan boreholes in the area. Several boreholes will be used as fillers to test the continuity between known values, while other boreholes will test structures that have never been drilled before, and these structures also maintain the gold value of the surface.
Figure 2: Drilling holes completed in the central part of Starr assets (STR21-001 to 003) * The analysis of holes STR21-004 to 006 is pending. ** Cross section indicated by AA' line https://www.globenewswire.com/news room/attachment Ng/246550e7-2450-4619-ab39-5cd937f9cba6
Figure 3: Drilling cross-sections (A-A') completed on Starr assets (STR21-001 to 003) so far * Analysis of holes STR21-004 to 006 pending https://www.globenewswire.com/NewsRoom /AttachmentNg /d136457d-73c7-42d3-9fa3-5f67fdaf09ca
Hole STR21-001 was drilled halfway between historical drill holes SAG-06-11 and 91-3. The purpose of this drilling is to confirm the continuity of the slope between the two historical holes. A summary of important mineralization intervals includes:
0.5-5.9 m: Mafic intrusive rocks: Intrusive rocks selectively have transverse planes and curved quartz veins related to the mineralization of local pyrite clusters. The host rock has strong magnetic properties. Sheet metal minerals are found in the veins of 0.9-1.35m, most likely hematite. The lithology changes, and hematite mainly appears in the 3-5.9m section. The altered area of albite is 1.65-2.4m. The bottom contact is measured at 75° to the mandrel.
0.9-1.35 m (vein): The strong alteration and sulfidation associated with this quartz vein, the curved quartz vein is surrounded by flat fine veins.
1.35-2.4 m (vein): The cross-sectional plane quartz vein was severely smudged during the Ab and Hem alterations.
5.9-20.9 m: Mafic volcanic unit: The area of 5.9-15.2.2 m has been petrified with a large amount of chlorite, which is green. There is a strong cross-cut area of white/barren quartz veins at 10-15m. Albite alteration exists in 15.3-16.7m. The bottom contact is calculated at 70° to the core axis (Figure 4).
20.9-23.35 m: Granite intrusive rock: a unique unit of coarse-grained intrusive rock, severely altered by albite, potash feldspar and silica, 3% of pyrite and pyrrhotite are related to the intrusive quartz veins. Quartz veins are brecciated with tourmalines. The bottom contact is calculated at 70° measured relative to the mandrel.
23.35-25.65 m: felsic to intermediate intrusive rock: gradual contact with the upper unit. The area includes a transverse plane vein with altered halo. Pyrite and pyrrhotite associated with quartz veins. The bottom contact is calculated at 80° to the mandrel.
25.65-27.35 m: Mafic volcano Unit: chlorite black mafic volcano, including multiple barren/white quartz cut veins along 60° foliation. The bottom contact is calculated at 60° measured relative to the mandrel.
Figure 4: A photo of the drill core at the top of the STR21-001 hole, showing the grade and thickness (0 to 18.7 m) https://www.globenewswire.com/NewsRoom/AttachmentNg/d1efb455-98ec-46dd-867c-3f4a31d5d47d
Drill hole STR21-002 is planned to test the geology and mineralization between historical drill holes SAG06-11 and SR-97-12. Geological records indicate that the analysis in the wall is more continuous. A summary of important mineralization intervals includes:
63.15-68.7 m: Ultramafic: The lithology is widely changed, and the quartz-carbonate vein and pyrite selective zone are as high as 2% (65.6-66.35 m). 67.1-67.45 m of heavy-shear quartz veinlets/with 2% pyrite. The large quartz-carbonate veins extending along the core axis range from 63.15-63.95 m. The contact angle with the bottom of the diabase vein below is 70°.
Drill hole STR21-003 is planned as a step of historical drill hole SR-97-12 to confirm the continuity of grade along the strike to the northeast. A summary of important mineralization intervals includes:
27.8-46.5 m: Moderately silicified-chlorite dark igneous rock, with large-grained feldspar and quartz eyes throughout. Feldspar has been strongly altered by chlorite and epidote, giving them a light green appearance. Light blue-white carbonate veins appeared sporadically throughout the process. There is almost no mineralization in this unit. In the lower part of the unit, the feldspar almost completely disappeared (37-46.51 m), the unit showed more intermediate components, and there were still small quartz eyes.
46.5-49.5 m: Moderately silicified chlorite volcanic rock, about 1 cm wide quartz-carbonate veins appear in chaotic directions. The veinlets are usually associated with moderate hematite alteration, and some veinlets are mainly composed of pink carbonate. The strong vein-related pyrite mineralization and alteration observed in the cell at the top of the hole have now completely disappeared. From 46.51-64.12 meters, this volcanic unit is often transected by porphyritic hematite altered rock veins. The distribution of pyrite in the whole unit varies from trace amounts to 3%.
49.5-50.1 m: Severely altered hematite porphyry veins with fine-grained diorite blocks. The plot also has weaker calcite alteration. The mineralization consists of 0.5% pyrite, distributed throughout the area. The upper contact surface of the dyke is sharp, almost perpendicular to the core axis. The lower contact surface is shallow and wavy, almost parallel to the mandrel.
50.1-57.2 m: Weakly silicified and chlorite massive volcanic rock with chaotic quartz-carbonate veins running through it.
57.2-59.25 m: Cross section of a strong silicified alternate unit of mafic metamorphic volcanic rocks and porphyry dikes, with dikes being the main unit (~75%). Pyrite mineralization is distributed in two units, about 1%. The dyke has large feldspar phenocrysts (maximum width 1 cm) with pink variation. The foundation of the dam was changed by moderate calcite.
59.25-63.1 m: massive, moderately silicified and calcite altered wall rock, frequent calcite, chlorite + epidote, and k-spar (hard salmon meal mineral) filling cracks. In some areas, carbonate alteration is strong, and bubbling is quite strong. The mineralization consists of about 1% of disseminated pyrite. 63.1-64.1 m: chlorite-calcite altered basic volcanic rock veins, with well-developed large feldspar crystals and scattered calcite veins (1-2 cm wide). The composition of the dyke is very similar to the parent mafic metamorphic volcano, but the contact between them is very sharp. Mineralization includes the entire (~1%) of disseminated pyrite, increasing (~4%) near the upper and lower contact points.
64.1-73.7 m: Strong chlorite alteration and moderately silicified basic volcanic rock, with pink calcite veinlets transverse to the host rock. Strong interstitial calcite alteration occurred at 64.12-66.14 m. Trace pyrite mineralization is distributed everywhere, with a slight preference along the fracture surface.
Metallica Metals and its geological consultant (Fladgate) implemented a robust Quality Assurance and Quality Control (QAQC) program for the Starr project, which complies with CIM exploration best practices, including sampling, chain of custody procedures, and analytical methods. In addition to the control samples inserted in the laboratory, on-site geologists usually insert certified gold reference standards, blank materials, and copies in the on-site core processing facility as part of the QAQC program. NQ-sized semi-core samples are labeled and sealed in plastic sample bags and kept in a safe location on site until they are trucked to the Activation Laboratory ("ActLabs") in Thunder Bay, Ontario, where preparations are made And analysis. ActLabs is independent of Metallica Metals.
Actlabs’ QAQC system has been registered as an international quality standard through ISO/IEC 17025:2017 (including ISO 9001:2015 and ISO 9002 specifications), and has been recognized by the Standards Council of Canada (SCC) testing laboratory certification requirements and guidelines, specific to minerals , Forensic and environmental testing laboratories.
Use Fire Assay-AA technology (1A2-Au-30) to analyze gold in core samples. Use Fire Assay-Gravimetric method (1A3-Au-30) to analyze samples that return more than 5 g/ton of gold. The selected samples were also analyzed using the aqua regia "partial" digestion method for ICP-MS (Ultratrace 1-15). The company and its geological consultant confirmed that all the test results reported here have passed the QAQC agreement.
Qualified personnel declaration and data verification
All scientific and technical information contained in this press release was prepared and approved by Paul Ténière, M.Sc., P.Geo., CEO and director of Metallica Metals Corp., who is a qualified person as defined in NI 43-101. Mr. Ténière has verified all the scientific and technical data disclosed in this press release, including the core description, sampling procedures and analytical data behind the disclosed technical information. Specifically, Mr. Ténière looked at the detailed core logs generated by Fladgate during the drilling program, the certified analysis results from ActLabs, and the analysis composite table generated for each borehole. No errors or omissions were found during the data verification process, and Fladgate geologists also verified the disclosed information.
This press release also contains scientific and technical information on mineral properties adjacent or similar to the Starr Project, and the company has no interest or right to explore. Readers should note that information about mineral resources, geology, and mineralization of adjacent or similar assets does not necessarily represent the mineralization of company assets.
Representative board
METALLICA METALS CORP. Paul Ténière, M.Sc., P.Geo. Chief Executive Officer and Director info@metala-metals.com
Headquarters: Suite 810 – 789 West Pender Street Vancouver, BC V6C 1H2 Canada Tel: (604) 687-2038
Toronto Office: Suite 401 – 217 Queen Street West Toronto, ON M5V 0R2 Canada
Metallica Metals Corp. is a Canadian junior mining company listed on the Canadian Stock Exchange ("CSE"). Its common stock trading code is "MM". The company focuses on the acquisition and exploration of gold, silver and platinum group metals (PGM) assets in Canada. The company is currently exploring and developing the Starr Gold and Silver Project, the Sammy Ridgeline and the Richview Pine PGM Project, which are all located near the advanced mining project in the Thunder Bay mine in Ontario.
For more information, please visit the company website https://metala-metals.com.
Neither the Canadian Stock Exchange nor its regulatory service provider (as the term is defined in the policies of the Canadian Stock Exchange) is responsible for the adequacy or accuracy of this press release.
This press release contains certain "forward-looking information" in the sense of applicable securities laws. The characteristics of forward-looking information are usually "plan", "anticipate", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements of certain events or conditions that "may "Or "will" happen. In particular, the forward-looking information in this press release includes, but is not limited to, statements regarding the company’s proposed acquisitions, exploration plans, and expectations for the mining industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, we cannot guarantee that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Therefore, it does not mean that the actual results obtained will be the same in whole or in part as the results stated in the forward-looking information.
Forward-looking information is based on management's opinions and estimates at the date of the statement, and is subject to various risks and uncertainties and other factors that may cause actual events or results to materially differ from forward-looking expectations-look for information. Some risks and other factors that may cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and the world; industry conditions, including government regulation and environmental supervision; failure to obtain industry access if necessary Consent and approval of partners and other third parties; obtaining capital on acceptable terms; requiring necessary approvals from regulatory agencies; fluctuations in the stock market; liabilities inherent in the operation of water treatment facilities; among other things, competing technical staff and supplies; Misassessment of the value of the acquisition; geological, technological, processing, and transportation issues; changes in tax laws and incentive plans; failure to realize the expected benefits of acquisitions and disposals; and other factors. Readers should note that this list of risk factors should not be interpreted as exhaustive.
The forward-looking information contained in this press release is expressly limited by this warning statement. Unless otherwise required by applicable securities legislation, we assume no obligation to update any forward-looking information so that such information is consistent with actual results or changes we anticipate. Remind readers not to rely too much on forward-looking information.
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