Metallica Metals is a junior gold exploration mining company trading on the Canadian Stock Exchange (CSE:MM), the Over-the-Counter (OTCQB:MTALF) and in Germany on the Frankfurt Stock Exchange (FWB:SY7P). Metallic Metals is focused on acquiring and exploring gold-silver and platinum group metal (“PGM”) properties across Canada. Metallica Metals is currently exploring and developing several projects in the mineral-rich area of the Thunder Bay Mining District of Ontario.
|Fully Diluted Share Capital||101,111,334|
Metallic Metals is a junior exploration company focused bringing mining investors value by exploring gold, silver, platinum, and palladium. Metallica is one of the largest title application holders in the Marathon and Thunder Bay North regions in Ontario, Canada. Other notable junior gold exploration companies such as Generation Mining and Clean Air Metals are exploring high-grade platinum-palladium projects in the area. Ontario is a leading global jurisdiction in mineral exploration and production, boasting 22% of Canada’s total mineral production.
Metallica currently has four projects under exploration, 3 of which are in Marathon and Thunder Bay, Ontario. Metallica is also a large titleholder in British Columbia’s Golden Triangle. Located in northwestern British Columbia, the Golden Triangle is known for high-grade gold discoveries in North America.
Thunder Bay, Ontario, Canada
Thunder Bay is a city located on Lake Superior, in northwestern Ontario Canada, rich in minerals along Lake Superior’s North Shore, many junior exploration companies – like Metallica Metals – are developing the next generation of operations. Thunder Bay has been known to be a strong contributor to Canada’s gold mining industry. It has been forecasted that Northwestern Ontario will produce 1.6 million ounces of gold by 2023, with other highly sought-after metals such as palladium, silver, and platinum. These high-demand high-tech metals have been known to drive the global electric vehicle revolution. Thunder Bay is the next mining powerhouse with six mines currently in production in the area, and 15 major projects in the mineral development pipeline over the next decade. The mining industry has increased economic growth in the area through job creation by providing valuable workforce training opportunities in the sector.
The Richview Pine PGM Project (“Richview Pine”), is 100% solely owned by Metallica Metals, located on trend in close proximity to Generation Mining’s development-stage Marathon Palladium Project. Richview Pine shares similar geology at the margins of the Coldwell Magmatic Complex. Generation Mining’s recent Feasibility Study on the region has advanced the exploration efforts through the work on the metallurgical testing programs, which confirmed the validity of the region having significant palladium-platinum mineralization.
The Sammy Ridgeline PGM Project (“Sammy Ridgeline”) is 100% owned by Metallica Metals and is located about 50 km northeast of Thunder Bay, Ontario. Sammy Ridgeline is one of the largest exploration properties in the region, which is located both on the East and West of Clean Air Metals’ Thunder Bay North Project. The drilling activity initially consisted of both historical base and precious metal mineral occurrences. The major controlling structures of TBH/Escape Lake cross into the East and West Sammy Ridgeline properties.
Golden Triangle, British Columbia, Canada
The Big Mac Gold Project is a large exploration project located in British Columbia’s Golden Triangle. The Big Mac Gold Project consists of 12 mineral claims structured into three tenure blocks. Sharing more than 30km of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.’s Forrest Kerr gold project, which represents the largest claim package with recent drill results indicating multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m at its Forrest Kerr project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd. Historically, the location is a mineral-rich land that contains significant tenure held in the past by Barrick Gold
Chemical Formula: Au
Gold is one of the most sought-after precious metals, known for its value and special properties. Commonly used in jewelry production, and is the highest valued commodity produced in Canada by the value of production. Gold is mined in nine Canadian provinces. In 2019, Ontario and Quebec accounted for more than 75% of mined gold production in Canada.
Chemical Formula: Ag
Silver like many other precious metals has been used to store value for more than 4,000 years. Silver is extracted from silver ores and Native Silver. Typically, silver can be found pure, however, it is usually mixed with small amounts of gold, arsenic, and antinomy. Silver’s main uses have been for jewelry and legal tenders in many countries. Some countries mint bullion and collector coins.
Chemical Formula: Pt
Platinum is the rarest and most valuable of all precious metals. It is much rarer than Gold. Due to its rarity and value, it is not readily available to mineral collectors and is seldom represented in all but the highest-end mineral collections. Platinum can be used in jewelry, usually as a 90-95% pure alloy. The price of platinum, like other industrial commodities, is more changeable than that of gold.
Chemical Formula: Pd
Palladium, which belongs to the platinum group of metals (PGM), is a commodity used in the automotive, dentistry, and jewelry industries. Its largest use comes into play in the creation of pollution-reducting catalytic converters. As the interest of use-cases in palladium are on the rise, limited supply sources result in considerable investment interest. Ore deposits of palladium and other PGMs are rare, the most extensive deposit has been found in many countries, but most notably the mineral-rich region of Sudbury Basin and Thunder Bay District of Ontario.