Metallica Metals Corp. announce interpretation results from its airborne MobileMT geophysical survey that was flown on the Richview Pine Project west of Marathon, Ontario, Canada in 2021. The geophysical survey collected MAG (magnetics), EM (electromagnetics) and VLF (very low frequency electromagnetics) data across the combined Richview Pine property.

An in-depth structural analysis using this geophysical data was recently conducted by external geophysicist MB Geosolutions that has resulted in the generation of refined exploration targets for the Project. 17 Ni-Cu-PGM targets generated across the combined East and West blocks. Of particular interest are targets displaying remanent magnetism, which can be a feature of PGM deposits, that are also located in proximity to important structures.

Metallica Metals holds a portion of the western side of an important geological contact, being the interface between the Proterozoic Coldwell Alkalic Complex and the Archean Schreiber-Hemlo Greenstone Belt, where Generation Mining discovered the large Marathon Deposit along the eastern side of the same contact. Target generation work will allow Metallica Metals to complete a more focused surface exploration program with these important structures and areas of remanent magnetism in mind.