Metallica Metals Details Exploration Plans FOR Sammy Ridgeline Palladium - Platinum Project, Thunder BAY Mining District
METALLICA METALS DETAILS EXPLORATION PLANS FOR SAMMY RIDGELINE
PALLADIUM - PLATINUM PROJECT, THUNDER BAY MINING DISTRICT
Vancouver, British Columbia – February 1, 2021 – Metallica Metals Corp. (CSE: MM) (OTC: CRUUF)
(FWB: SY7P) (the “Company” or “Metallica Metals”) is pleased to discuss its Sammy Ridgeline Project
(“Sammy Ridgeline” or the “Project”) and exploration plans for this Project during the 2021 field season.
The Project is comprised of two packages of claims for a total of 22,766 hectares located immediately
adjacent to, and on trend with Clean Air Metals Inc.’s Thunder Bay North palladium-platinum (PGE) project
on both the east and the west sides of their Project. Metallica Metals holds two large palladium-platinum
(PGE) focused exploration projects, Sammy Ridgeline and Richview Pine , both located adjacent to
prominent platinum-palladium (PGE) and base metal deposits within the Thunder Bay Mining District of
Ontario (Figure 1).
Figure 1: Metallica Metals' exploration projects (blue spheres) with respect to magmatic Ni -Cu-PGE
deposits within the Mid-Continent Rift System in the Thunder Bay Mining District.
The Sammy Ridgeline Project is comprised of the Sammy Ridgeline East Property (13,253 hectares) and
the Sammy Ridgeline West Property (9,513 hectares). The se properties are underlain by Archean -aged
metasedimentary and granitoid rocks of the Quetico Terrane as well as a series of Mesoproterozoic
intrusive mafic to ultramafic rocks of Keweenawan Supergroup, which are known to be favourable to host
PGE-Cu-Ni mineralization within the Mid-Continent Rift System.
The Sammy Ridgeline Project is contiguous to the Clean Air Metals Thunder Bay North Project (Figure 2).
The Thunder Bay North Project is host to two significant deposits, Current Lake and Escape Lake, which
together contain a historical resource estimate completed in January 2011 for a previous owner
comprising of an open-pit Indicated Resource of 8.46 milli on tonnes at 1.04 g/t Pt and 0.98 g/t Pd (2.13
g/t PtEq) resulting in 282,000 oz contained Pt and 266,000 oz contained Pd (580,000 oz PtEq), and an
underground Indicated Resource of 1.03 million tonnes at 1.63 g/t Pt and 1.51 g/t Pd (3.48 g/t PtEq)
resulting in 54,000 oz contained Pt and 50,000 oz contained Pd (115,000 oz PtEq). The open -pit mineral
resources were reported within an LG pit shell at a cut-off grade of 0.59 g/t PtEq and underground mineral
resources were reported at a cut -off grade of 1.94 g/ t PtEq ( source: NI 43-101 Technical Report on the
Thunder Bay North and Escape Lake Properties, Northern Ontario, Canada for Regency Gold Corp. and
prepared by Clark Exploration Consulting with an effective date of January 31, 2020, filed on SEDAR under
Clean Air Metals Inc. ). Readers are cautioned that mineralization and mineral resource estimates on
adjacent and/or nearby properties are not necessarily indicative of mineralization on the Sammy Ridgeline
Project (please refer to additional cautionary statements below).
Figure 2: Location of the Metallica Metals Sammy Ridgeline Project adjacent to the Clean Air Metals Inc.
Thunder Bay North Project.
As detailed in the Thunder Bay North technical documents and scientific literature, and shown in Figure 2
in yellow, mineralization in the immediate area is hosted by a “mineralized conduit” which is delineated
by an ultramafic/mafic intrusive complex. This mineralized conduit has been emplaced alongside a
kilometre-scale regional east -west trending fault system. This regional -scale fault system appears to
extend beyond the property bounds of Clean Air Metals Inc. both to the East and to the West and onto
Metallica Metals' properties and will be the focus of the Company’s exploration efforts. As shown in Figure
2, minimal exploration drilling has taken place historically both along and to the north of this fault within
the Sammy Ridgeline property bounds.
Sammy Ridgeline Project Exploration Plans:
Metallica Metals is currently reviewing contractor quotes for an airborne electromagnetic survey to be
completed over the entire property. This geophysical survey, which the Company expects to launch in the
coming months, may delineate anomalies that can then be tested with prospecting, trenching, and
eventually diamond drilling. In addition to defining electromagnetic anomalies, the geophysical survey will
also provide the Company with a detailed magnetic map which it can utilize to complete a property-wide
structural analysis.
Qualified Person and Cautionary Statements
All scientific and technical information contained in this news release was reviewed and approved by Paul
Ténière, M.Sc., P.Geo., CEO and Director of Metallica Metals Corp., who is a Qualified Person as defined
in NI 43-101.
This news release contains scientific and technical information with respect to adjacent or similar mineral
properties to the Richview Pine Project and the Sammy Ridgeline Project, which the Company has no
interest in or rights to explore. Readers are cautioned that information regarding mineral resources,
geology, and mineralization on adjacent or similar properties is not necessarily indicative of the
mineralization on the Company’s properties.
On behalf of the Board of Directors
METALLICA METALS CORP.
Paul Ténière, M.Sc., P.Geo.
CEO and Director
Head Office:
Suite 810 – 789 West Pender Street
Vancouver, BC V6C 1H2
Ph: (604) 687-2038
Toronto Office:
Suite 401 – 217 Queen Street West
Toronto, ON M5V 0R2
For more information, please visit the Company’s website at https://metallica-metals.com
Forward-looking Information Statement
This news release contains certain “forward -looking information” within the meanin g of applicable
securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain
events or conditions “may” or “will” occur. In particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration
program and the expectations for the mining industry. Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results, performance or achievements. Consequently,
there is no representation that the actual results achieved will be the same, in whole or in part, as those
set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in the forward -looking
information. Some of the risks and other factors that could cause the results to differ materially from
those expressed in the forward -looking information include, but are not limited to: general economic
conditions in Canada and globally; industry conditions, including governmental regulation and
environmental regulation; failure to obtain industry partner and other third party consents and approvals,
if and when required; the availability of capital on acceptable terms; the need to obtain required approvals
from regulatory authorities; stock market volatility; liabilit ies inherent in water disposal facility
operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of
the value of acquisitions; geological, technical, processing and transportation problems; changes in tax
laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions;
and the other factors. Readers are cautioned that this list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward -looking information to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.