Metallic Minerals Corp. announced that it has entered into an option agreement to acquire a 100% interest in the La Plata silver-gold-copper property (the “Property”) in southwest Colorado from two private vendors. The road accessible property covers 32.7 square kilometers (km2) approximately 26 kilometers northwest of Durango, Colorado within the historic high-grade La Plata mining district (the “District”) located at the southern end of the prolific Colorado Mineral Belt. The La Plata property hosts a large-scale precious-metals-rich porphyry system with associated high-grade silver and gold epithermal deposits. The La Plata district has a long and rich history of mining with the first silver deposits discovered in the 1700s by Spanish explorers. High-grade silver and gold production has been documented from the 1870s through the early 1940s from vein structures, replacement bodies and breccia zones at over 90 individual mines and prospects. From the 1950s to 1970s, major miners Rio Tinto, Exxon and Freeport-McMoRan explored in the District focusing on the significant potential for bulk-tonnage disseminated and stockwork porphyry-hosted copper mineralization1.