Newcrest Mining (TSE: NCM) Makes Strategic Investment Into Metallic Minerals (TSXV: MMG) … Newcrest is one of the “top 10” largest Gold mining companies in the world … Metallic Minerals is a micro-cap mineral exploration company, with some large exploratory mining properties located in the Yukon & Colorado.

Newcrest’s interest appears to be primarily focused on Metallic’s Colorado mining property known as “La Plata” – a potential 1 billion pound-plus Copper-Gold project … large under-explored Copper-Gold projects with the potential of significant resource expansion in friendly North American mining jurisdictions near infrastructure not already owned or controlled by a major mining co. are rare.

Newcrest has also recently amended it’s business plan to increase it’s internal Copper production profile … Newcrest is now targeting aprox. 50% of it’s production profile to come from Copper – it now sits at aprox. 25% … so, Newcrest will have to double it’s current Copper production to meet it’s new production goals … so, a strategic investment into a potentially large Copper-Gold project in a safe mining jurisdiction, like La Plata, makes strategic sense for Newcrest.

For existing MMG shareholders, this investment by Newcrest is a potentially significant de-risking event on multiple fronts … that also now allows for an accelerated exploration program on the La Plata property.

See the original video here …

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