Metallic Minerals Announces Follow Up Exploration Results at its La Plata Project Including New Targets and High-Grade Rock Samples

Original announcement by tmx on

Company
Metallic Minerals Corp.
Ticker
MMG
Exchange
TSX
Region
southwest Colorado, USA
Primary commodity
Copper
Secondary commodities
Silver, Gold, Platinum, Palladium, Tellurium
Document categories
Drill results, Resource update
Extracted
2026-09-16 11:13:19 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Metallic Minerals announced positive surface rock sample results from its La Plata project in southwest Colorado, USA, identifying new priority targets and advancing existing ones to drill-ready status. The exploration program returned significant high-grade results, including samples up to 6.68% Cu Eq, 7.38% Cu, and 426 g/t Ag. The company also highlighted an upcoming updated mineral resource estimate for La Plata, incorporating recent drilling and expanded precious metal analyses.

Reasoning: Metallic Minerals reported positive high-grade surface rock sample results from its La Plata project, which have identified new priority targets and advanced existing ones to drill-ready status, indicating strong exploration potential. The disclosure of QA/QC and metal equivalent assumptions adds to the credibility of the results.

Positive factors

  • High-grade surface rock samples, including exceptional copper and silver grades, indicate strong mineralization.
  • Identification of four new priority target areas expands the project's exploration potential.
  • Advancement of three existing targets (Copper Hill, Morning Star, Evening Star) to drill-ready status de-risks future exploration.
  • Comprehensive QA/QC procedures are disclosed, enhancing confidence in the assay results.
  • Assumptions for the metal equivalent calculations are clearly stated, providing transparency.

Negative factors

  • Results are from surface rock samples, which are indicative but less definitive than drill intercepts.
  • No true width information is applicable or provided for surface samples.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 31

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The surface rock sample from Copper Age-North returned an exceptional copper grade of 6.20%, which is well above the porphyry exceptional threshold of 0.8%.

Evidence · table

“6.20”

Context: Copper Age-North

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The surface rock sample from Evening Star returned an exceptional copper grade of 7.38%, which is well above the porphyry exceptional threshold of 0.8%.

Evidence · table

“7.38”

Context: Evening Star

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The surface rock sample from Evening Star returned an exceptional copper grade of 7.22%, which is well above the porphyry exceptional threshold of 0.8%.

Evidence · table

“7.22”

Context: Evening Star

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The surface rock sample from Evening Star returned an exceptional copper grade of 3.98%, which is well above the porphyry exceptional threshold of 0.8%.

Evidence · table

“3.98”

Context: Evening Star

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The surface rock sample from Boren Gulch returned a strong silver grade of 426.0 g/t, which is well above the moderate threshold of 100 g/t.

Evidence · table

“426.0”

Context: Boren Gulch

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release includes a 'Quality Assurance / Quality Control' section detailing sample preparation, analysis by Bureau Veritas, and the use of blanks, duplicates, certified standard reference samples, and third-party umpire samples.

Evidence · text

“Quality Assurance / Quality Control The 2024 samples were prepared and analyzed by Bureau Veritas' (BV) Sparks, Nevada, USA facility. All samples were prepared using BV code PRP70-250 producing a 250 g pulp for subsequent analysis. All samples were analyzed using the MA-250 method with a 0.25-gram sample size, four-acid digestion with an ICP-MS analysis. Over-limit Cu and Ag samples were analyzed using the MA-401 method with a 1.0-gram sample size, four-acid digestion with atomic absorption spectrometry analysis. In addition, all samples were analysed using the FA330 method with a 30-gram sample size, fire assay fusion with an ICP-ES finish to obtain Au, Pt, and Pd values. All results have passed the QAQC screening by the lab and the company utilized a quality control and quality assurance program which included blank, duplicate, and multiple certified standard reference samples and third-party umpire samples. Certified reference materials were acquired from OREAS North America Inc. of Sudbury, Ontario, and CDN Resource Laboratories Ltd. of Langley, British Columbia.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The exploration program identified four new target areas (Lower Boren, Middle Bedrock, New Star and T29 Ext.) and advanced three existing targets to drill-ready status, indicating an extension of known mineralization or discovery of new zones.

Evidence · text

“identified four new target areas (Lower Boren, Middle Bedrock, New Star and T29 Ext.) displaying significant Cu, Ag, Au and PGEs including numerous Cu Eq grades over 1.5% Cu (see Table 1). The drill-ready Evening Star target returned some of the highest-grade surface rock samples”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Copper Age North target is highlighted as being 'close to the current Allard resource', suggesting its value is partly derived from proximity to an existing deposit.

Evidence · text

“The Copper Age North target close to the current Allard resource, returned 5.94% Cu Eq (6.2% Cu, 36.0 g/t Ag and 0.24 g/t combined Au+PGEs (0.14 g/t Au, 0.03 g/t Pt, 0.06 g/t Pd).”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The historical resource estimate for La Plata is entirely in the Inferred category, which is the lowest confidence level.

Evidence · text

“NI 43-101 Inferred Mineral Resource Estimate in July 2023 totaling 1.21 billion pounds ("Blbs") of Cu and 17.6 million ounces ("Moz") of Ag with 147.3 million tonnes ("Mt") at an average grade of 0.37 percent ("%") Cu and 3.72 grams per tonne ("g/t") Ag (0.41% copper equivalent ("Cu Eq"), using a 0.25% CuEq cut-off grade 1”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The historical resource estimate has an effective date of July 12, 2023, making it over two years old at the time of this announcement (June 17, 2025).

Evidence · text

“NI 43-101 Inferred Mineral Resource Estimate in July 2023 totaling 1.21 billion pounds ("Blbs") of Cu and 17.6 million ounces ("Moz") of Ag with 147.3 million tonnes ("Mt") at an average grade of 0.37 percent ("%") Cu and 3.72 grams per tonne ("g/t") Ag (0.41% copper equivalent ("Cu Eq"), using a 0.25% CuEq cut-off grade 1 . La Plata Exploration Program Highlights District-scale rock sampling and mapping, assisted by geologists seconded from Newmont Corporation ("Newmont"), has helped prioritize existing targets and identified four new target areas (Lower Boren, Middle Bedrock, New Star and T29 Ext.) displaying significant Cu, Ag, Au and PGEs including numerous Cu Eq grades over 1.5% Cu (see Table 1). The drill-ready Evening Star target returned some of the highest-grade surface rock samples which included 6.68% Cu Eq (7.38% Cu and 3.0 g/t Ag), and 6.53% Cu Eq (7.22% Cu and 3.0 g/t Ag). The Copper Age North target close to the current Allard resource, returned 5.94% Cu Eq (6.2% Cu, 36.0 g/t Ag and 0.24 g/t combined Au+PGEs (0.14 g/t Au, 0.03 g/t Pt, 0.06 g/t Pd). The top 30 samples from the program averaged 1.68% Cu Eq, with 12 samples exceeding 1% Cu Eq. Gold averaged 0.51 g/t with 7 samples above 1.0 g/t Au; Ag averaged 25.7 g/t, with grades reaching up to 426 g/t Ag; and the combined Pt and Pd results averaged 0.037 g/t with the highest value returning 0.30 g/t Pt+Pd. Additional work included mineralogical test work conducted by researchers at Cardiff University, results from the USGS' high-resolution airborne magnetic and radiometric survey over the La Plata District, and the Company's first community open house events. Scott Petsel, President of Metallic Minerals, commented, "We are encouraged by the continued significant progress on the La Plata project to date having completed extensive district-scale exploration and target prioritization work in collaboration with Newmont's technical team. The program resulted in the advancement to a priority drill-ready status at three untested targets with over 25 additional target areas identified for additional work within the 25 square kilometer porphyry system footprint." "Continuing in 2025, we anticipate the announcement of an updated mineral resource estimate for La Plata incorporating the most recent drilling funded by Newmont. This resource update will also integrate expanded precious metal analyses, including the first inclusion of Pt-Pd + Au, in addition to Cu and Ag, in the mineral resource estimate. Planned exploration programs in the second half of 2025 for both La Plata and our Keno Silver project are expected to be announced shortly." Table 1. 30 Significant New Rock Sample Results from La Plata Project Exploration Program Target Style Cu Eq (Rec) 2 Cu (%) Ag (g/t) Au (g/t) Pt (g/t) Pd (g/t) Au+PGE (g/t) Te (g/t) Boren Gulch Epithermal 5.16 0.71 426.0 1.92 0 0 1.92 41.31 1.38 0.13 115.6 0.11 0 0 0.11 1.98 1.09 0.09 38.0 1.08 0 0 1.08 1.06 0.69 0.01 28.0 0.70 0 0 0.70 4.31 Copper Age-North Porphyry 5.94 6.20 36.0 0.14 0.03 0.06 0.24 0.27 2.02 1.19 10.0 1.29 0.01 0.01 1.31 3.33 0.76 0.46 1.6 0.49 0.03 0 0.52 0.45 Copper Hill Porphyry 0.46 0.21 11.9 0.26 0.01 0.02 0.29 1.01 Dolly Porphyry 0.45 0.46 4.0 0.01 0 0.01 0.02 0.92 0.42 0.13 9.5 0.34 0.01 0.01 0.36 1.60 Evening Star Porphyry 6.68 7.38 3.0 0.02 0 0 0.02 0.05 6.53 7.22 3.0 0.01 0 0 0.02 0.41 3.61 3.98 3.0 0.01 0 0 0.01 0.19 1.03 1.13 1.0 0.10 0 0.01 0.11 0.07 0.39 0.32 0.9 0.14 0 0.01 0.15 0.09 0.38 0.34 2.3 0.08 0 0.02 0.10 0.07 0.39 0.27 0.4 0.21 0 0 0.21 0.09 Morning Star Porphyry 0.77 0.69 4.0 0.09 0.02 0.18 0.29 0.18 0.20 0.12 4.3 0.03 0.03 0.10 0.15 0.23 Neptune-Gold Skarn 3.50 2.08 11.0 2.30 0 0 2.30 4.74 Renegade Porphyry 0.75 0.68 9.4 0.07 0 0.05 0.12 0.37 0.21 0.15 1.0 0.01 0.01 0.12 0.14 0.07 "New" Lower Boren Porphyry 1.77 0.01 13.6 2.47 0 0 2.47 8.35 0.60 0.45 9.3 0.18 0.01 0.01 0.19 3.35 "New" Middle Bedrock Porphyry 1.30 1.07 7.0 0.28 0.04 0.26 0.58 0.76 0.84 0.80 3.7 0.11 0.01 0.04 0.16 0.78 "New" New Star Porphyry 0.47 0.46 5.2 0.03 0 0 0.04 0.16 0.34 0.36 0.5 0.02 0 0 0.02 0.10 "New" T29 Ext. Skarn 2.13 0.21 6.8 2.82 0 0 2.83 1.13 New targets shown in red highlight. See Footnote 2 for additional Table 1 notes. Figure 1. La Plata Rock Sample Locations and Highlights See Footnote 2 for Figure 1 notes. Follow Up Exploration Program Highlights at the La Plata Project The target definition program, supported by geologists seconded from Newmont with expertise in alkalic porphyry systems similar to La Plata, focused on advancing and prioritizing mineralized targets for future drill testing through detailed mapping and surface sampling. The program included a total of 329 rock samples, 474 soil samples and detailed mapping of lithology, mineralogy, alteration, veining and structure. The work was completed within and around the 25 square kilometer footprint of the district-scale alkaline copper porphyry system, which hosts a range of deposit styles that include potentially bulk-minable porphyries, skarns and high-grade epithermal structures, breccias and replacements. Assays were received from the first 100 rock samples with encouraging results. The remaining rock and soil samples are currently pending. In addition to the existing Inferred Mineral Resource at Allard, which is open both at depth and along trend, three advanced targets have been refined and are now ready for drilling. Copper Hill, Morning Star and Evening Star all show very strong surface geochemical signatures in porphyry host rocks (See Table 1). The rock sample results, combined with soil and geophysical anomalies and trace immobile elements suggest high potential for discovery of new porphyry related deposits at these targets and several other zones of interest that remain untested. Upcoming Events Metallic Minerals management will be available at the following events in 2025, in addition to other events to be added as the Company rolls out its marketing plans over the coming year: Precious Metals Summit - Beaver Creek, Colorado, Sept. 9-12, 2025. For information, click here . Precious Metals Summit - Zurich, Switzerland, Nov. 10-11, 2025. For information, click here . About Metallic Minerals Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other critical minerals at the La Plata project in southwestern Colorado and the Keno Silver project adjacent to Hecla Mining's Keno Hill silver operations in the Yukon Territory. The Company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business by partnering with experienced mining operators. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits in North America, as well as having large-scale development, permitting and project financing expertise. The Metallic Minerals team is committed to responsible and sustainable resource development and has worked closely with Canadian First Nation groups, U.S. Tribal and Native Corporations, and local communities to support successful project development. FOR FURTHER INFORMATION, PLEASE CONTACT: www.metallic-minerals.com and info@metallic-minerals.com Phone: 604-629-7800 Toll Free: 1-888-570-4420 Footnotes: 1) La Plata Mineral Resource Estimate see news release dated July 31, 2023 and associated NI 43-101 Technical Report dated September 14, 2023, entitled "Mineral Resource Estimate Update for the Allard Cu-Ag Porphyry Deposit, La Plata Project", with an effective date of July 12, 2023. The Mineral Resource has been estimated by Allan Armitage, Ph.D., P.Geo of SGS Geological Services who is an independent Qualified Person. In addition to the company website, the Technical Report is available under the Company's profile at www.sedar.com ; 2) Cu Eq for rock samples assume recoveries of 90% for Cu, 80% for Au and Ag, and 70% for Pt and Pd and are presented for comparative purposes using conservative long-term metal prices (all USD): $4.00/lb Cu, $26.00/Oz Ag, $2,300/Oz Au, $1,000/Oz Pt, $1,250/Oz Pd. Cu Eq is determined as follows: Cu Eq% = [Cu%] + [Ag g/t / 31.103 x Ag price / Cu price / 2,204 x 100] + [Au g/t / 31.103 x Au price / Cu price / 2,204 x 100] + [Pt g/t / 31.103 x Pt price / Cu price / 2,204 x 100] + [Pd g/t / 31.103 x Pd price / Cu price / 2,204 x 100]. In the above calculations: 31.103 = grams per troy ounce, 2,204 = lbs per metric tonne. Qualified Person The disclosure in this news release of scientific and technical information regarding exploration projects on Metallic Minerals' mineral properties has been reviewed and approved by Catherine Knight, P. Geo, Vice President, Technical Services for The Metallic Group of Companies, who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Ms. Knight is not independent of the of the Company. Quality Assurance / Quality Control The 2024 samples were prepared and analyzed by Bureau Veritas' (BV) Sparks, Nevada, USA facility. All samples were prepared using BV code PRP70-250 producing a 250 g pulp for subsequent analysis. All samples were analyzed using the MA-250 method with a 0.25-gram sample size, four-acid digestion with an ICP-MS analysis. Over-limit Cu and Ag samples were analyzed using the MA-401 method with a 1.0-gram sample size, four-acid digestion with atomic absorption spectrometry analysis. In addition, all samples were analysed using the FA330 method with a 30-gram sample size, fire assay fusion with an ICP-ES finish to obtain Au, Pt, and Pd values. All results have passed the QAQC screening by the lab and the company utilized a quality control and quality assurance program which included blank, duplicate, and multiple certified standard reference samples and third-party umpire samples. Certified reference materials were acquired from OREAS North America Inc. of Sudbury, Ontario, and CDN Resource Laboratories Ltd. of Langley, British Columbia. Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, statements about expected results of operations, royalties, cash flows, future dividends as well as financial position, prospects, and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, unsuccessful operations, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration, development of mines and mining operations is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Metallic Minerals Corp. View the original press release on ACCESS Newswire”

Extracted facts

Stored fact records: 31. Some facts used in scoring do not have a stored record.

Drill Results (29)

Fact 1La Plata · copperGrade: 0.71Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.71
Grade Unit
%

Classification

Deposit Type
Epithermal
Sample Type
surface

Location

Location
Boren Gulch
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
5.16
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Boren Gulch shows exceptional copper equivalent grade, driven by strong copper and silver values, indicating significant exploration potential in an epithermal setting.

Positive factors

  • Exceptional copper equivalent grade (5.16% Cu Eq) indicates high overall metal value.
  • Strong copper grade (0.71%) for a surface sample.
  • Strong silver grade (426.0 g/t) contributes significantly to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.71”

Context: Boren Gulch

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 2La Plata · copperGrade: 0.13Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.13
Grade Unit
%

Classification

Deposit Type
Epithermal
Sample Type
surface

Location

Location
Boren Gulch
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
1.38
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Boren Gulch shows a moderate copper equivalent grade, supported by a good silver grade, indicating continued exploration potential.

Positive factors

  • Moderate copper equivalent grade (1.38% Cu Eq) for a surface sample.
  • Moderate silver grade (115.6 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.13”

Context: Boren Gulch

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 3La Plata · copperGrade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.09
Grade Unit
%

Classification

Deposit Type
Epithermal
Sample Type
surface

Location

Location
Boren Gulch
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
1.09
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Boren Gulch shows a moderate copper equivalent grade, supported by a good gold grade, indicating continued exploration potential.

Positive factors

  • Moderate copper equivalent grade (1.09% Cu Eq) for a surface sample.
  • Moderate gold grade (1.08 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.09”

Context: Boren Gulch

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 4La Plata · copperGrade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.01
Grade Unit
%

Classification

Deposit Type
Epithermal
Sample Type
surface

Location

Location
Boren Gulch
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.69
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Boren Gulch shows a weak copper equivalent grade, with a moderate gold contribution, indicating some exploration potential.

Positive factors

  • Weak copper equivalent grade (0.69% Cu Eq) for a surface sample.
  • Moderate gold grade (0.70 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.01”

Context: Boren Gulch

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 5La Plata · copperGrade: 6.2Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
6.2
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Copper Age-North
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
5.94
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Copper Age-North shows exceptional copper and copper equivalent grades, indicating very strong mineralization in a porphyry setting and potential extension of the nearby Allard resource.

Positive factors

  • Exceptional copper grade (6.20%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (5.94% Cu Eq) indicates very high overall metal value.
  • Located close to the current Allard resource, suggesting potential extension.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“6.20”

Context: Copper Age-North

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 6La Plata · copperGrade: 1.19Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
1.19
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Copper Age-North
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
2.02
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Copper Age-North shows strong copper and exceptional copper equivalent grades, supported by a strong gold grade, indicating significant mineralization in a porphyry setting.

Positive factors

  • Strong copper grade (1.19%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (2.02% Cu Eq) indicates high overall metal value.
  • Strong gold grade (1.29 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“1.19”

Context: Copper Age-North

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 7La Plata · copperGrade: 0.46Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.46
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Copper Age-North
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.76
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Copper Age-North shows moderate copper and copper equivalent grades, supported by a moderate gold grade, indicating continued exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.46%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.76% Cu Eq) indicates good overall metal value.
  • Moderate gold grade (0.49 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.46”

Context: Copper Age-North

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 8La Plata · copperGrade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.21
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Copper Hill
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Copper Hill shows weak copper and moderate copper equivalent grades, with a moderate gold contribution, indicating some exploration potential in a porphyry setting.

Positive factors

  • Weak copper grade (0.21%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.46% Cu Eq) indicates good overall metal value.
  • Moderate gold grade (0.26 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.21”

Context: Copper Hill

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 9La Plata · copperGrade: 0.46Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.46
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Dolly
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Dolly shows moderate copper and copper equivalent grades, indicating good exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.46%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.45% Cu Eq) indicates good overall metal value.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.46”

Context: Dolly

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 10La Plata · copperGrade: 0.13Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.13
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Dolly
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Dolly shows weak copper and moderate copper equivalent grades, with a moderate gold contribution, indicating some exploration potential in a porphyry setting.

Positive factors

  • Weak copper grade (0.13%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.42% Cu Eq) indicates good overall metal value.
  • Moderate gold grade (0.34 g/t) contributes to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.13”

Context: Dolly

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 11La Plata · copperGrade: 7.38Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
7.38
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
6.68
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows exceptional copper and copper equivalent grades, indicating very strong mineralization in a porphyry setting.

Positive factors

  • Exceptional copper grade (7.38%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (6.68% Cu Eq) indicates very high overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“7.38”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 12La Plata · copperGrade: 7.22Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
7.22
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
6.53
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows exceptional copper and copper equivalent grades, indicating very strong mineralization in a porphyry setting.

Positive factors

  • Exceptional copper grade (7.22%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (6.53% Cu Eq) indicates very high overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“7.22”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 13La Plata · copperGrade: 3.98Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
3.98
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
3.61
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows exceptional copper and copper equivalent grades, indicating strong mineralization in a porphyry setting.

Positive factors

  • Exceptional copper grade (3.98%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (3.61% Cu Eq) indicates high overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“3.98”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 14La Plata · copperGrade: 1.13Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
1.13
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
1.03
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows strong copper and copper equivalent grades, indicating significant mineralization in a porphyry setting.

Positive factors

  • Strong copper grade (1.13%) for a porphyry surface sample.
  • Strong copper equivalent grade (1.03% Cu Eq) indicates good overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“1.13”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 15La Plata · copperGrade: 0.32Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.32
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows moderate copper and copper equivalent grades, indicating continued exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.32%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.39% Cu Eq) indicates good overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.32”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 16La Plata · copperGrade: 0.34Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.34
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows moderate copper and copper equivalent grades, indicating continued exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.34%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.38% Cu Eq) indicates good overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.34”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 17La Plata · copperGrade: 0.27Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.27
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Evening Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Evening Star target shows moderate copper and copper equivalent grades, indicating continued exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.27%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.39% Cu Eq) indicates good overall metal value.
  • Evening Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.27”

Context: Evening Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 18La Plata · copperGrade: 0.69Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.69
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Morning Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.77
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Morning Star target shows strong copper and moderate copper equivalent grades, indicating significant mineralization in a porphyry setting.

Positive factors

  • Strong copper grade (0.69%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.77% Cu Eq) indicates good overall metal value.
  • Morning Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.69”

Context: Morning Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 19La Plata · copperGrade: 0.12Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.12
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Morning Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.2
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the drill-ready Morning Star target shows weak copper and copper equivalent grades, indicating some exploration potential in a porphyry setting.

Positive factors

  • Weak copper grade (0.12%) for a porphyry surface sample.
  • Weak copper equivalent grade (0.20% Cu Eq) indicates some metal value.
  • Morning Star is a drill-ready target.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.12”

Context: Morning Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 20La Plata · copperGrade: 2.08Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
2.08
Grade Unit
%

Classification

Deposit Type
Skarn
Sample Type
surface

Location

Location
Neptune-Gold
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
3.5
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Neptune-Gold shows strong copper and exceptional copper equivalent grades, supported by a strong gold grade, indicating significant mineralization in a skarn setting.

Positive factors

  • Strong copper grade (2.08%) for a skarn surface sample.
  • Exceptional copper equivalent grade (3.50% Cu Eq) indicates high overall metal value.
  • Strong gold grade (2.30 g/t) contributes significantly to the metal equivalent.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“2.08”

Context: Neptune-Gold

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 21La Plata · copperGrade: 0.68Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.68
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Renegade
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.75
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Renegade shows strong copper and moderate copper equivalent grades, indicating significant mineralization in a porphyry setting.

Positive factors

  • Strong copper grade (0.68%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.75% Cu Eq) indicates good overall metal value.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.68”

Context: Renegade

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 22La Plata · copperGrade: 0.15Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.15
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
Renegade
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.21
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from Renegade shows weak copper and copper equivalent grades, indicating some exploration potential in a porphyry setting.

Positive factors

  • Weak copper grade (0.15%) for a porphyry surface sample.
  • Weak copper equivalent grade (0.21% Cu Eq) indicates some metal value.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.15”

Context: Renegade

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 23La Plata · copperGrade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.01
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" Lower Boren
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
1.77
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new Lower Boren target shows exceptional copper equivalent grade, driven by a strong gold grade, indicating significant new exploration potential in a porphyry setting.

Positive factors

  • Exceptional copper equivalent grade (1.77% Cu Eq) indicates high overall metal value.
  • Strong gold grade (2.47 g/t) contributes significantly to the metal equivalent.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.01”

Context: "New" Lower Boren

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 24La Plata · copperGrade: 0.45Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.45
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" Lower Boren
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new Lower Boren target shows moderate copper and copper equivalent grades, indicating good new exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.45%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.60% Cu Eq) indicates good overall metal value.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.45”

Context: "New" Lower Boren

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 25La Plata · copperGrade: 1.07Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
1.07
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" Middle Bedrock
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new Middle Bedrock target shows strong copper and exceptional copper equivalent grades, indicating significant new exploration potential in a porphyry setting.

Positive factors

  • Strong copper grade (1.07%) for a porphyry surface sample.
  • Exceptional copper equivalent grade (1.30% Cu Eq) indicates high overall metal value.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“1.07”

Context: "New" Middle Bedrock

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 26La Plata · copperGrade: 0.8Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.8
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" Middle Bedrock
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.84
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new Middle Bedrock target shows strong copper and moderate copper equivalent grades, indicating significant new exploration potential in a porphyry setting.

Positive factors

  • Strong copper grade (0.80%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.84% Cu Eq) indicates good overall metal value.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.80”

Context: "New" Middle Bedrock

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 27La Plata · copperGrade: 0.46Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.46
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" New Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.47
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new New Star target shows moderate copper and copper equivalent grades, indicating good new exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.46%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.47% Cu Eq) indicates good overall metal value.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.46”

Context: "New" New Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 28La Plata · copperGrade: 0.36Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.36
Grade Unit
%

Classification

Deposit Type
Porphyry
Sample Type
surface

Location

Location
"New" New Star
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
0.34
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new New Star target shows moderate copper and copper equivalent grades, indicating good new exploration potential in a porphyry setting.

Positive factors

  • Moderate copper grade (0.36%) for a porphyry surface sample.
  • Moderate copper equivalent grade (0.34% Cu Eq) indicates good overall metal value.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.36”

Context: "New" New Star

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Fact 29La Plata · copperGrade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
usa_co
Ticker
MMG

Geometry

Grade
0.21
Grade Unit
%

Classification

Deposit Type
Skarn
Sample Type
surface

Location

Location
"New" T29 Ext.
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Metal Equivalent

Metal Eq. Grade
2.13
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: This surface sample from the new T29 Ext. target shows exceptional copper equivalent grade, driven by an exceptional gold grade, indicating significant new exploration potential in a skarn setting.

Positive factors

  • Exceptional copper equivalent grade (2.13% Cu Eq) indicates high overall metal value.
  • Exceptional gold grade (2.82 g/t) contributes significantly to the metal equivalent.
  • This is a new target area, adding to exploration potential.

Negative factors

  • Results are from surface samples, not drill intercepts.

Evidence · table

“0.21”

Context: "New" T29 Ext.

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements, and other cri"

Resource Estimates (2)

inferredLa Plata · copperTonnes: 147300000Grade: 0.37Grade Unit: %Contained Metal: 1.21Contained Unit: blbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
La Plata
Commodity
copper
Region
usa_co
Reported Region
southwest Colorado, USA
Ticker
MMG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Allan Armitage
Resource group id
resource:324b5b5f3bda3828c36c
Deposit or zone
Allard

Resource Data

Category
inferred
Tonnes
147300000
Grade
0.37
Grade Unit
%
Contained Metal
1.21
Contained Unit
blbs
Cutoff Grade
0.25
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2023-07-12

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-07-31T00:00:00.000Z

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: The document restates a historical NI 43-101 compliant Inferred Mineral Resource Estimate from 2023 for copper, providing context for the project but not new information.

Positive factors

  • The estimate is NI 43-101 compliant and signed off by a Qualified Person.

Negative factors

  • This is a historical estimate from 2023, not new information.
  • The resource is entirely in the Inferred category, which is the lowest confidence level.

Evidence · text

“NI 43-101 Inferred Mineral Resource Estimate in July 2023 totaling 1.21 billion pounds ("Blbs") of Cu and 17.6 million ounces ("Moz") of Ag with 147.3 million tonnes ("Mt") at an average grade of 0.37 percent ("%") Cu and 3.72 grams per tonne ("g/t") Ag (0.41% copper equivalent ("Cu Eq"), using a 0.25% CuEq cut-off grade 1”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredLa Plata · silverTonnes: 147300000Grade: 3.72Grade Unit: g/tContained Metal: 17.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
La Plata
Commodity
silver
Region
usa_co
Reported Region
southwest Colorado, USA
Ticker
MMG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Allan Armitage
Resource group id
resource:324b5b5f3bda3828c36c
Deposit or zone
Allard

Resource Data

Category
inferred
Tonnes
147300000
Grade
3.72
Grade Unit
g/t
Contained Metal
17.6
Contained Unit
moz
Cutoff Grade
0.25
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2023-07-12

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% Cu Eq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-07-31T00:00:00.000Z

Dates

Event date
2025-06-17T00:00:00.000Z

Reasoning: The document restates a historical NI 43-101 compliant Inferred Mineral Resource Estimate from 2023 for silver, providing context for the project but not new information.

Positive factors

  • The estimate is NI 43-101 compliant and signed off by a Qualified Person.

Negative factors

  • This is a historical estimate from 2023, not new information.
  • The resource is entirely in the Inferred category, which is the lowest confidence level.

Evidence · text

“NI 43-101 Inferred Mineral Resource Estimate in July 2023 totaling 1.21 billion pounds ("Blbs") of Cu and 17.6 million ounces ("Moz") of Ag with 147.3 million tonnes ("Mt") at an average grade of 0.37 percent ("%") Cu and 3.72 grams per tonne ("g/t") Ag (0.41% copper equivalent ("Cu Eq"), using a 0.25% CuEq cut-off grade 1”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.