Metallica Metals Completes EM Survey and Announces Drilling Plans on Starr Project, Thunder Bay Mining District, Ontario - Seite 2

The Company is also pleased to announce that it has signed a contract with Missinaibi Drilling Services Ltd. (“Missinaibi Drilling”) to provide diamond drilling services for its Starr Project this summer. Missinaibi Drilling is a 100%-owned and operated Aboriginal Company based in Timmins, Ontario. The owners are members of Brunswick House First Nation. Missinaibi Drilling have been very active in the Thunder Bay Mining District and will provide Metallica Metals with one diamond drilling rig to complete its 4,000 metre drilling program.

Paul Ténière, CEO and Director of Metallica Metals, commented, “The Company is very pleased with the progression of exploration activities across our portfolio of Ontario assets. Our initial review of the preliminary results from the MobileMT EM survey are encouraging and we look forward to obtaining the final set of data from EGL. Once in hand, we will be able to finalize drill hole planning on Starr to target known showings as well as additional anomalies on the property identified in the airborne EM survey. We’re also very pleased to have signed the services of Fladgate Exploration and Missinaibi Drilling for our Starr Project. They are local experts in the Thunder Bay region and will add valuable knowledge for our upcoming work on Starr. We look forward to collaborating with them and appreciate the logistical and knowledge sharing synergies they are able to offer us through the other projects they are working on surrounding us.”

Figure 1: Location of Metallica Metals’ Ontario projects with respect to advanced adjacent properties (please refer to footnotes below for adjacent property references)
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Figure 1 Footnotes - Adjacent property references for mineral resources and reserves:

• Impala Canada Ltd. – Lac des Isles Mine: NI 43-101 Technical Report & Feasibility Study for the Lac des Isles Mine, Incorporating Underground Mining of the Roby Zone, filed on SEDAR under Impala Canada Ltd. (formerly, North American Palladium Ltd) with an effective date of October 2, 2018.
• Goldshore Resources Inc. – Moss Lake Gold Project: NI 43-101 Technical Report and Preliminary Economic Assessment for the Moss Lake Project, filed on SEDAR under Moss Lake Gold Mines Ltd with an effective date of May 31, 2013.
• Clean Air Metals Inc. – Thunder Bay North Project: NI 43-101 Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, filed on SEDAR under Clean Air Metals Inc. (formerly, Regency Gold Corp.) with an effective date of January 20, 2021.
• Generation Mining Ltd. – Marathon Project: NI 43-101 Technical Report & Feasibility Study on the Marathon Palladium & Copper Project, Ontario, filed on SEDAR under Generation Mining Ltd. with an effective date of March 3, 2021.

Figure 2: Starr project historical gold and silver occurrences underlain by geology as mapped by the Ontario Geological Survey