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    MPM   CA60041N1042

MILLENNIAL PRECIOUS METALS CORP.

(MPM)
  Report
Delayed Bourse de Toronto  -  03:59 2022-06-30 pm EDT
0.3550 CAD   +4.41%
06/16Millennial Precious Metals Closes $16 Million Offering
MT
06/16Millennial Announces Closing of Bought Deal Public Offering
AQ
05/19Millennial Announces C$15 Million Bought Deal Public Offering
AQ
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Millennial Precious Metals Corp. Commences Phase 1 Drilling At Its Wildcat Project

05/04/2022 | 04:15pm EDT

Millennial Precious Metals Corp. announced the commencement of Phase 1 drilling at its Wildcat Project located in Nevada, USA as a part of the fully funded 20,000m maiden drill program. Phase 1 drill targets at Wildcat were defined by company's exploration team through surface mapping, extensive review of historical drilling data, and advanced 3D modeling conducted since the acquisition of the project in May 2021. The Phase 1 drill program at Wildcat consists of a minimum of 20 diamond drill holes, totaling 3,000m, and is primarily designed for: Infill drilling for mineral resource conversion; Geotechnical data for pit wall design; Metallurgical data (bottle roll and column tests); Testing gold mineralization below the oxidation profile. Millennial intends to release results from the Phase 1 drill program at Wildcat monthly until its expected completion in Third Quarter 2022. Drilling will support the updated mineral resource and Preliminary Economic Assessment (PEA) expected to be released in H2 2022. Drilling at Wildcat and Mountain View is currently being conducted under a Notice of Operation (NoO), as defined by federal regulation 43 CFR 3809.21, allowing for up to 5-acres of total surface disturbance for exploration on US Bureau of Land Management (BLM) managed lands. Millennial has initiated environmental baseline studies at Wildcat and Mountain View that will be submitted to the BLM in 2022 as part of the exploration Plan of Operation (PoO). Once approved by the BLM, the exploration PoO will allow for increased flexibility for future drilling campaigns at both Wildcat and Mountain View to support resource expansion and further asset de-risking initiatives. Wildcat Project Overview: Wildcat is located within the Farrell mining district in Nevada, 56km north of the town of Lovelock within Pershing County. The property can be accessed by year-round roads from Lovelock via State Route 399 and Seven Troughs Road. The 17,565-acre land package consists of 913 unpatented claims and 4 patented claims. The claims are located on federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Wildcat consists of a gold-dominated, low sulphidation, epithermal vein system with oxidized, disseminated sulphide mineralization hosted in volcanic and intrusive rocks. The Inferred mineral resource estimate at Wildcat contains 776,000 ounces of Au (oxide) (60.8 million tonnes at 0.40 g/t Au; effective date of November 18, 2020).


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All news about MILLENNIAL PRECIOUS METALS CORP.
06/16Millennial Precious Metals Closes $16 Million Offering
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06/16Millennial Announces Closing of Bought Deal Public Offering
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05/19Millennial Announces C$15 Million Bought Deal Public Offering
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05/18Millennial Announces $15 Million Bought Deal Public Offering
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05/18Millennial Announces $15 Million Bought Deal Public Offering
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05/16Millennial Precious Metals Corp. Reports Earnings Results for the First Quarter Ended M..
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05/13Millennial Precious Metals Intersects 1.48 gt Au Over 185.5m, Including 3.99 gt Au Over..
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05/12Millennial Intersects 1.48 g/t Au Over 185.5m, Including 3.99 g/t Au Over 36.9m, ~100m ..
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05/12Millennial Precious Metals Corp. Provides Final Assay Results from the Recently Complet..
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05/04Millennial Precious Metals Launches Exploration Drilling at its Wildcat Project in Neva..
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Financials
Sales 2022 - - -
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 63,5 M 49,1 M 49,1 M
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees -
Free-Float 92,1%
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Number of Analysts 3
Last Close Price 0,36 CAD
Average target price 1,20 CAD
Spread / Average Target 238%
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Managers and Directors
Jason Kosec President, Chief Executive Officer & Director
Andrés Tinajero Chief Financial Officer
Sara C. Heston Chairman
Ruben Padilla Director & Chief Geologist
Michael George Leskovec Director