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    MPM   CA60041N1042

MILLENNIAL PRECIOUS METALS CORP.

(MPM)
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Millennial Precious Metals Corp. Provides Results from the Ongoing Resource Conversion and Exploration Drill Program

11/03/2021 | 03:30pm EST

Millennial Precious Metals Corp. provided results from the ongoing resource conversion and exploration drill program currently being conducted at its Mountain View project located in Nevada, USA, as a part of the fully funded 20,000m maiden drill program. The 2021 Phase 1 Mountain View drill program consists of 30 holes, totaling 7,250m and is approximately 68% complete. Millennial expects to continue to release drill results from the program every month. Drillhole MVCD-0015 returned an intercept of 0.49 g/t oxide Au over275.5m including a high-grade intercept of 2.14 g/t Au over 12.2m and 1.89 g/tover39.3m. Based on Millennial's interpretation, it appears that the mineralized rhyolite is situated directly below the alluvium, which is composed of sand, gravels and boulders as seen in Figures 1 and 2. As a result, it is expected that pre-stripping for open-pit mining will not require conventional drilling and blasting, potentially reducing mining costs. MVCD-0005 and MVCD-0006 were designed to test the lower-grade portion of the pit and to test the overburden depth on the eastern margin. MVCD-0007 and MVCD-0009 were designed to test the eastern extent of the mineralization and to complete geotechnical logging and testing for the pit wall design.


ę S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 61,0 M 48,0 M 47,9 M
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees -
Free-Float -
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,44 CAD
Average target price 1,30 CAD
Spread / Average Target 195%
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Managers and Directors
Jason Kosec President, Chief Executive Officer & Director
AndrÚs Tinajero Chief Financial Officer
Ruben Padilla Director
Michael George Leskovec Director
Sara C. Heston Director