Twitter Facebook LinkedIn YouTube

New Listing: Millennial Precious Metals (TSXV:MPM)

Video Platform Video Management Video Solutions Video Player

Millennial Precious Metals is focused on discovering quality ounces and expanding and converting its existing resource base within its seven projects, all located in Nevada.

Additional Information:

Company: Millennial Precious Metals
Website: http://www.MillennialPreciousMetals.com
Stock Symbol: TSXV: MPM
Date Published: May 6, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Millennial Precious Metals is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “MPM”, following a reverse take-over.

Millennial Precious Metals is focused on discovering quality ounces and expanding and converting its existing resource base within its seven projects, all located in Nevada.

The company’s Wildcat and Mountain View projects currently have an aggregate of 1.2 million ounces of gold oxidized inferred mineral resources.

Millennial plans to update its resources in the second quarter of 2022.

Millennial Precious Metals plans to use its systematic scientific and phased-based exploration program to advance all its projects over the next few years.

Phase 1 for its Wildcat and Mountain View projects will be focused on resource expansion and conversion and metallurgical work on both the oxides and sulfides.

The budget for both advanced projects is approximately US$5,050,000, and subject to obtaining the necessary permits, the programs will begin in the second quarter of this year.

A November 2020 Technical Report on the Wildcat Project shows an Inferred Mineral Resource estimate containing 776,000 ounces of gold oxide based on 60.8 million tonnes at 0.40 g/t gold.

A November 2020 Technical Report on the Mountain View Project shows an Inferred Mineral Resource estimate containing 427,000 ounces of gold oxide based on 23.2 million tonnes at 0.57 g/t gold.

Technical reports for both projects are available on www.sedar.com.

At the early-stage Red Canyon property, located within the Carlin Trend, Phase 1 will focus on identifying the mineralization controls and gaining a better understanding of the local geology along known mineral zones

The company has budgeted US$575,000 for Phase 1, which subject to obtaining the necessary permits, will commence in the second quarter of this year

If Phase 1 for the Red Canyon property is successful, the company will increase the drill program to understand the geometry and size potential of the target and also drill additional untested targets.

For the other early-stage Ocelot, Eden, Dune, and Marr gold/silver projects, the company will conduct first-pass target definition work consisting of soil and rocking samples, mapping, and some geophysics.

The company is well funded having recently raised gross proceeds of $24 million from the placement of 48 million shares priced at $0.50.

The shares are trading at $0.61.

For more information, please visit the company’s website www.MillennialPreciousMetals.com, contact Jason Kosec, CEO, at 250-552-7424 or email Jason.kosec@MillennialPM.com.

I’m Cassandra Bolinski for Investmentpitch Media