Overview
| Status | Inactive / Suspended |
| Mine Type | Underground |
| Commodities |
- Gold
- Copper
- Silver
- Gold Equivalent
- Molybdenum
|
| Mining Method |
|
| Production Start | ...  |
Commercial production at the MAX operation commenced in 2008 at a nominal rate of 500 tpd. The mine production was suspended in September 2010 due to an underground pillar collapse, and was put into ‘care and maintenance’ in late 2011 due to continued low molybdenum prices.
Access to the MAX mine is closed. Rail, air pipe and cable may be recovered from the mine for use at the Willa Mine but Discovery Ventures will require a permit to re-open the mine to do this. No mining of mineral from the MAX mine will be undertaken during the life of the Willa Mine. |
Source:
| Company | Interest | Ownership |
|
Fortytwo Metals Inc.
|
100 %
|
Direct
|
Aug. 11, 2021 (GLOBE NEWSWIRE) -- Metallica Metals Corp. (CSE: MM) (OTC: MTALF) (FWB: SY7P) (the “Company” or “Metallica Metals”) is pleased to announce that it has completed its disposition of the MAX Molybdenum and Mill Project (the “MAX Project”) pursuant to an arm’s length share purchase agreement dated July 21, 2021 between the Company and Mega Moly Mining Corp. (“Mega Moly”), a private British Columbia company.
Metallica Metals Corp. sold all of the issued and outstanding shares of FortyTwo Metals Inc. (“FortyTwo Metals”), the Company’s wholly-owned private British Columbia company, to Mega Moly. FortyTwo Metals holds certain mineral property interests in British Columbia, including the MAX Project.
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Summary:
Commercial production at the MAX operation commenced in 2008 at a nominal rate of 500 tpd. Production re-commenced in June, 2011 but was finally halted in October of that year due to continuing low molybdenum prices, which made the operation at the rate of 500 tpd uneconomical.
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