Keno 2020
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Vancouver, B.C., Metallic Minerals (TSX.V: MMG US OTC: MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce completion of its 2020 field exploration programs in the Keno Hill silver district and earlier stage McKay and Silver Hill properties to the north of Keno Hill. Exploration on the Keno Silver project included a multi-phase drill program which began in August involving two drill rigs which completed a total of 5,318 meters (17,500 ft) in 42 drill holes.
The first phase of the drill program utilized a track-mounted reverse circulation (“RC”) drill to complete 30 drill holes within a number of the new multi-kilometer-scale anomalies discovered in 2019 at the East Keno and Central Keno target areas. The second phase consisted of 12 diamond drill holes totaling 2,674 meters (8,772 ft). These holes focused on expanding areas of known mineralization through step out drilling at the advanced-stage target areas in the West Keno area, including the Formo and Silver Queen targets. In addition, five reconnaissance reverse circulation drill holes were completed at the McKay Hill project targeting two recently identified major structural corridors within kilometric-scale soil and rock anomalies.
Metallic Minerals’ 166 square kilometer Keno Silver project is the second largest land position in the historic Keno Hill silver district, directly adjoining the operations of Alexco Resource Corp. Keno Hill is one of the world’s highest-grade silver districts, with nearly 300 million ounces of silver in past production1 and current M&I resources2, with excellent existing infrastructure, including grid power, road access and nearby community services.
Exploration Highlights
The 30 RC holes drilled by the Company this year are the first drill holes ever completed in the eastern continuation of the Keno Hill silver district and extend the area of prospective Keno style high-grade silver-lead-zinc mineralization by approximately 10 kilometers to the east.
Earlier-stage target refinement work over the past two years in the less explored portions of the district identified 12 new multi-kilometer-scale early-stage exploration targets through soil sampling and extensive surface and aerial geophysical surveys. The largest of these highly anomalous targets extends over 5 kilometers in length and up to 2 kilometers in width exceeding 100 g/t silver equivalent (“Ag Eq”) in soils and that directly overlie intense magnetic low features interpreted to be magmatic systems as potential sources of the mineralization.
Geologic observations from these first wide-spaced reconnaissance drill holes indicate the presence of multiple Keno style sulphide mineralized zones that occur within large-scale structural corridors. Assay results are pending and are anticipated to be received over coming weeks.
The second phase of drilling commenced in September and included 12 diamond core holes completed at the advanced-stage Formo and Silver Queen targets in the West Keno target area along extensions of the Bermingham and Elsa structural corridors3. This drilling was focused on expanding the areas of known mineralization in the historic resource area and was follow-up to underground channel samples at the Formo target area that show three high-grade mineralized shoots grading more than 1,000 g/t Ag Eq grade that remain open to expansion. These step out drill holes were successful in intercepting Keno style sulphide mineralization along the targeted structures and assay results are pending.
Metallic Minerals CEO & Chairman, Greg Johnson, stated, “We are very pleased to have been able to conduct the most robust drill focused program at the Keno Silver project in our relatively short history in a safe and healthy manner following all recommended protocols for COVID-19. With the confirmation in drilling of multiple zones of Keno style sulphides and significant structures in these first ever drill holes at Keno East, this program has opened a huge area of prospective stratigraphy for exploration to the east of the Keno Hill mine. In addition, results at the advanced-stage targets continue to expand the areas of known high-grade silver mineralization. All material from our 2020 program has been sent to labs for analysis and our technical team is beginning the work of compilation and interpretation. We expect initial results from drilling and surface sampling to be received by Q1 2021. We also anticipate announcement of results from our programs this year at the La Plata silver-gold-copper project in
Colorado, USA, as that program begins wrapping up the 2020 season.”
Metallic Minerals further announces that, further to the finders’ fees noted in the news release dated November 26, 2020, Canaccord Genuity Corp. was issued 51,948 FT common shares in connection with their engagement as a financial advisor in the non-brokered private placement private placement of 3,896,104 flow-through common shares.
About the Keno Silver Project
Exploration by Metallic Minerals at the Keno Silver project continues to systematically build on the Company’s 3D geologic database covering the east, central and western portions of the prolific Keno Hill silver district. The project includes eight high-grade, shallow past-producing mines that have yet to be subjected to modern exploration due to previously unconsolidated land ownership. Along the known, historically productive trends in the central and western parts of the district, the Company has advanced three targets to step-out drilling stage and several additional targets to drill-ready status. In addition, recent exploration has defined 12 new priority multi-kilometer-scale early-stage targets for reconnaissance drilling in the under-explored eastern and southern parts of the district where highly elevated silver, lead and zinc in soils and high-grade rock samples have been identified.
About Metallic Minerals
Metallic Minerals Corp. is a growth stage exploration company, focused on high-grade silver and gold in underexplored brownfields mining districts. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.
Keno Archiv 2020
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: www.metallic-minerals.com Phone: 604-629-7800
Email: chris.ackerman@metallic-minerals.com Toll Free: 1-888-570-4420
Footnote References
1 Cathro, R. J., Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory. Geoscience Canada, Sept. 2006. ISSN 1911-4850
2 Alexco Resource Corp, NI 43-101 Technical Report “Prefeasibility Study of the Keno Hill Silver District Project, Yukon, Canada”, Feb.13, 2020
3 Alexco Resource Corp news release, January 21, 2019, “Alexco 2018 reconnaissance drilling confirms continuation of Bermingham mineralization at depth and identifies an offset extension, identifies gold targets”
References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company’s projects.
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Keno For Monday December 7th 2020
Some experts like to say that there is no keno strategy, this is not true. There is always a way to get an edge in any game no matter how small. It may not generally be considered the sexiest game in the world of gambling, but keno has millions of devoted enthusiasts. And why not? It’s a consistently thrilling lottery-style game that’s easy to learn, readily available in a number of different formats, and one that can yield mega-dollars for those who master its many subtle intricacies. But let’s deal with the basics here.
When describing keno to beginners, some gambling experts compare it to bingo. This is at least partially apt, in that both are essentially numerical. Yet to take that comparison too far would be to underestimate the many unique traits that make keno so compelling. Unlike bingo, keno players have the freedom to choose the numbers for each card.
How to Play keno
- You decide how much you wish to bet on a particular round, and how many numbers you wish to choose. You can choose between 1 and 20 numbers, the payouts vary depending on how many numbers you pick and how many of them get drawn.
- You now get to pick your numbers as you would if you were playing a Lottery. As with most Lotteries, many sites will give you an option to get the numbers picked for you at random. The numbers in Keno go from 1 to 80.
- The game now starts and 20 of the 80 numbers are chosen at random.
- If one of your numbers is picked, this is known as a ‘Catch’. You get paid depending on the number of Catches you get during the game.
Example
In the example free play game above, you start with $1,000 free credits. You can change the value of each game, this can be from $0.01 to $10.00. Click on Quick Pick and 10 numbers will be randomly chosen. You can change these if you wish, remove some or add more. Note that each time you add or remove a number, the paytable changes, both in terms of the minimum number of ‘catches’ you need to receive a payout and the level of each payout.
Once you are happy, click either Play 1 to play 1 game with those numbers, Play 5 to play 5 consecutive games with those numbers, or Play 10 to play 10 games with them. Remember that each game will cost you the same amount, so if you choose $1 per game and then Play 5, you will pay $5 – 5 games X $1 per game.
You will then see 20 numbers of the 80 get drawn at random, these will be marked off on the main game area with a red cross, and that you have will be marked off with a yellow square and will show on the right-hand side.
After each game, all winnings will get paid automatically into your balance and once all games have been played, you can start again.
Keno Payouts
The payouts for Keno differ from casino to casino, so ensure you look around to get the best payout if Keno is your game of choice.
A standard payout structure is shown below (all amounts are payouts to 1):
| Catch | Pick 1 | Pick 2 | Pick 3 | Pick 4 | Pick 5 | Pick 6 | Pick 7 | Pick 8 | Pick 9 | Pick 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | N/A | 15 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | N/A | N/A | 48 | 5 | 3 | 3 | 1 | 0 | 0 | 0 |
| 4 | N/A | N/A | N/A | 100 | 13 | 4 | 2 | 2 | 1 | 0 |
| 5 | N/A | N/A | N/A | N/A | 838 | 75 | 22 | 13 | 6 | 5 |
| 6 | N/A | N/A | N/A | N/A | N/A | 1,660 | 422 | 100 | 44 | 24 |
| 7 | N/A | N/A | N/A | N/A | N/A | N/A | 7,000 | 1,670 | 362 | 146 |
| 8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10,000 | 4,700 | 1,000 |
| 9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10,000 | 4,500 |
| 10 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10,000 |
Keno Odds
When playing a 20 spot game, so you choose 20 of the 80 numbers available, the odds are as follows:
The odds of picking 0 correct numbers is around 1 in 843
The odds of picking 1 correct number out of 20 is around 1 in 86
The odds of picking 2 correct numbers out of 20 is around 1 in 20
The odds of picking 3 correct numbers out of 20 is around 1 in 8
The odds of picking 4 correct numbers out of 20 is around 1 in 4.8
The odds of picking 5 correct numbers out of 20 is around 1 in 4.2
The odds of picking 6 correct numbers out of 20 is around 1 in 5.2
The odds of picking 7 correct numbers out of 20 is around 1 in 8.8
The odds of picking 8 correct numbers out of 20 is around 1 in 20
The odds of picking 9 correct numbers out of 20 is around 1 in 61
The odds of picking 10 correct numbers out of 20 is around 1 in 253
The odds of picking 11 correct numbers out of 20 is around 1 in 1,423
The odds of picking 12 correct numbers out of 20 is around 1 in 10,968
The odds of picking 13 correct numbers out of 20 is around 1 in 118,084
The odds of picking 14 correct numbers out of 20 is around 1 in 1,821,881
The odds of picking 15 correct numbers out of 20 is around 1 in 41,751,453
The odds of picking 16 correct numbers out of 20 is around 1 in 1,496,372,110
The odds of picking 17 correct numbers out of 20 is around 1 in 90,624,035,964
The odds of picking 18 correct numbers out of 20 is around 1 in 10,512,388,171,906
The odds of picking 19 correct numbers out of 20 is around 1 in 2,946,096,785,176,811
The odds of picking 20 correct numbers out of 20 is around 1 in 3,535,316,142,212,173,800
The odds of getting all 20 numbers are a virtually impossible one in over 3.5 quintillions! As you can win by selecting significantly fewer numbers though, there are good returns to be had if your luck is in. As a result, when playing Keno, it is important to research the paytable to ensure you are getting the best possible returns for guessing between 2 and 8 numbers correctly as these are the payouts that you are most likely to win.
Keno Strategy
There is no magical Keno strategy that will guarantee you a win but there are many tips you will learn here to give you the best possible odds.
Although you can win higher amounts if you pick more numbers, the odds of winning reduce as you need more Catches in order to win.
As the numbers are chosen using a Random Number Generator, each of the 80 numbers has just as much chance as the others of being drawn, there will always be some Players who have numbers that they consider to be lucky though.
Generally speaking, the odds in Keno are about the same as those in Slots. There are better games with a higher chance of winning than Keno.
Keno cards have a total of 80 numbers, but the player is granted an additional level of personal responsibility by being able to choose as many (or as few) numbers as he or she desires. And it doesn’t take a nuclear physicist to figure out how to fill out a card: all you do is a circle or otherwise mark each of your chosen numbers with a good old #2 pencil as you used back in school (assuming you were born before the computer age). If this is the case, fear not. Keno does not discriminate against anyone’s age.
Once you’ve selected your numbers, carry the card back to the clerk at the keno booth. The clerk will record those numbers and then hand you a receipt. Don’t lose this (potentially) valuable piece of paper! Even if the clerk remembers your face and would like to help out, without a winning receipt in hand you will collect precisely $.00 for your efforts.
OK, so there you have tip #1: always be sure to keep your keno receipt. Let’s move on to something a bit more complex, shall we?
Once you’ve picked your numbers, settle into a comfy keno booth and watch the action unfold on big a video monitor. That’s where the winning numbers show up in lights. If you’ve got winners, mark your card accordingly. Be sure not to dally, or sit there congratulating yourself for an obnoxious length of time. You need to get back to the keno booth to redeem your winnings, as a new drawing will probably start within five minutes.
Tip #2: always get back to the booth on time!
Assuming you don’t trust yourself to beat that five-minute margin every time, you always retain the option of purchasing a “multi-race” ticket. These include the same set of your chosen numbers anywhere from 2 to 20 tickets. When the maximum number of games (matching the number of tickets) is finished, you can then get off your butt and go redeem your winnings.
Yet an additional option is known as a “stray and play” ticket, which usually lets you make number choices for 30 games or more. Heck, you can take an ocean cruise and not have to worry about getting back to port in time to redeem your numbers. Most “stray and play” tickets are good for up to a whole year after purchase!
So now you know a few essential strategies for winning keno. If you are an experienced player, they may seem stupidly obvious. But it never hurts to brush up on the fundamentals, and if you are a new player, every bit of information will help make your keno experience more enjoyable.
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