Metallica Metals trades up on drill results
Metallica Metals (CSE:MM) said today it validated high-grade gold mineralization at its Starr Gold-Silver Project in the Thunder Bay Mining District of Ontario, Canada.
The company was up 16% to 17 cents a share.
Paul Ténière, CEO and Director of Metallica Metals commented: “These first drill hole results for the Starr Project have confirmed the continuity and thickness of the high-grade gold mineralization present in the Starr Central target area and at shallow depths. We are also seeing good correlation with the historical drilling results, and this is encouraging as we continue to advance our 4,000 m drilling program and continue drilling in the Starr and Powell Zones. A second diamond rig has arrived at the property and has commenced drilling targets to the east that have never been tested below surface, such as the CK showing which contains up to 16.5 g/t Au and 349 g/t Ag from historical grab samples.”