“Greg Johnson, Metallic Minerals’ Chairman & CEO stated, “We are excited about the potential that is being highlighted by our ongoing exploration on the Keno Silver Project, where we have been able to move quickly from land acquisitions and target identification to delivering confirmatory drill results from these under-explored areas of the prolific Keno Hill Silver District. Results to date have confirmed the existence of high-grade silver in Keno-type structures beginning at surface and that those systems are open at depth and along strike, in stratigraphic settings that are comparable with some of the largest deposits in the district. Our plans for 2018 are to undertake a robust drill-focused program, following and expanding upon the same systematic exploration methodology as 2017.”
Metallic Minerals has put out an update on its plans for its Yukon Keno Hill silver properties. The release has some great graphics and is well worth looking at if you are interested in Metallic or its near neighbour, Alexco.
I visited the Alexco site on the Yukon Mining Alliance tour and Greg Johnson presented during the visit. Both companies will be written up later in the summer.
But here is the non-PhD in geology take away. There was a reason why Keno Hill was the second most prolific silver district in Canada producing more value than the original Klondike gold rush: the ground is full of silver. And there is still plenty of silver left. The silver mines didn’t close because they ran out of silver, they closed because the price of silver cratered. Just how much is left is what Metallic and Alexco are drilling to find out.
Very much looking forward to drilling results later in the summer or in the fall.