VANCOUVER, Sept. 19, 2016 /CNW/ - Metallic Minerals Corp.
(TSX-V: MMG; US OTC: MMNGF) (the "Company") is pleased to
announce the appointment of Greg
Johnson, as Chief Executive Officer, Director and Chairman
of the Board.
Mr. Johnson has over twenty-five years of experience in the
mining industry with an exceptional track record in exploration,
development and financing of large scale projects to create value
for shareholders. Prior to joining Metallic Minerals, Mr.
Johnson held the positions of President and CEO at Wellgreen
Platinum and South American Silver, and was a co-founder and
executive at NovaGold Resources. Mr. Johnson began his career
with Placer Dome (now Barrick Gold),
where he held various senior roles in domestic and international
exploration. Mr. Johnson has developed broad experience in the
capital markets and has been involved in raising over $650 million in project financing. For his
role in the discovery and advancement of the 40-million-ounce
Donlin Creek gold deposit in
Alaska, Mr. Johnson was a
co-recipient of the PDAC's Thayer Lindsay International Discovery
Award. In addition, Mr. Johnson has been recognized for his work in
sustainable development and community engagement and was awarded
the Robert E. Leckie Award by the
Yukon Government for excellence in environmental stewardship.
Mr. Bill Harris, representing the
Board of Directors, stated, "We are excited to welcome Mr.
Greg Johnson to lead Metallic
Minerals and to build a new management and technical team focused
on realizing the value and potential of our exploration
portfolio. Mr. Johnson has the demonstrated experience and
vision that we believe will allow us to successfully advance our
projects and maximize shareholder value going forward.
Specifically Mr. Johnson brings years of experience in the
north, especially the Yukon,
Alaska and British Columbia. He was a key member of the
management teams that led the discovery or expansion and
advancement of a number of world-class precious and base metal
deposits in the region including the Wellgreen PGM-nickel, Galore
Creek copper-gold-silver and Donlin gold projects."
Mr. Greg Johnson, newly appointed
CEO and Chairman, stated, "I truly look forward to the opportunity
to join Metallic Minerals at this early stage in its development.
Our strategy will be to create value for shareholders through
exploration in mining-friendly districts of western North America that have been shown to produce
top tier, "company-making" assets, and yet remain under-explored.
We believe that the Keno Hill silver district represents such
an opportunity, with over 200 million ounces of high-grade silver
mined over the past 100 years and one of the highest grade silver
resources of any global producing region. Our Keno-Lightning
property has seen historic high-grade silver production from at
least four different deposits and adjoins Alexco Resource Corp's
operations, which contain over 50 million ounces of high-grade
silver in current indicated resources1."
Mr. Greg Johnson further stated,
"We want to thank Stephen Pearce for
his contributions as interim CEO of the Company and look forward to
continuing to work with him as a valued member of the Board of
Directors going forward."
Metallic Minerals has granted stock options to directors,
officers, employees and consultants for a total of 3.4 million
common shares exercisable for up to five years at a price of
44 cents per share, based on the
closing price of the Company's shares on the TSX-V on Friday, September 16, 2016. The options granted
will be subject to applicable regulatory hold periods.
About Metallic Minerals Corp.
Metallic Minerals Corp. is a growth stage silver and gold
exploration company focused on creating value through a
disciplined entrepreneurial approach to exploration in mining
districts with proven high-grade production that remain
under-explored. Our core Keno-Lightning property is located
in the historic Keno Hill silver district of Canada's Yukon
Territory, a region which has produced over 200 million
ounces of silver and currently hosts one of the world's highest
grade silver resources. Our McKay Hill silver and gold
property is a historic producer and is located northeast of Keno
Hill in a newly emerging silver and gold mining district.
Metallic Minerals is led by a team with a track record of discovery
and exploration success, including large scale development,
permitting and project financing.
Forward-Looking Statements
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, the realization of mineral resource estimates,
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, 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, 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 companies with
securities regulators. Readers are cautioned that mineral resources
that are not mineral reserves do not have demonstrated economic
viability. Mineral exploration and development of mines 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.sedar.com.
Footnote 1: See Alexco website for resource estimate
information.
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.