Metallis Commences Drilling at Thunder
Metallis Commences Drilling at Thunder North
VANCOUVER
,
Oct. 2, 2018
/CNW/ -
Metallis Resources Inc.
(TSX-V: MTS; OTCQB: MTLFF)
("Metallis" or the "Company") announces that the Company has commenced drilling its Thunder
North targets on its 100%-owned Kirkham Property ("Kirkham") approximately 2 km from Garibaldi
Resources Corp's historic E&L Deposit at Nickel Mountain in the heart of the Eskay Camp.
Multiple discrete EM responses have been confirmed at Thunder North. Most of the EM targets lay
within strong magnetic anomalies bordering Nickel Mountain as shown in the linked map.
(Click here to view 2018 Target Map)
Dr.
Peter Lightfoot
, Metallis' Technical Advisor, commented: "Gabbroic rocks have been located in
association with the Jurassic-aged Texas Creek plutonic suite which was emplaced close to the
boundary between andesitic volcanic rocks and sedimentary rocks of the
Hazelton
formation in the
footprint of the Thunder North claim block. These rocks may extend beneath young volcanic cover to
the immediate west where unexplained conductivity has been identified VTEM survey. Metallis is
continuing the search for magmatic sulfide mineralization associated with small structurally-controlled
differentiated mafic intrusions."
(See link to Thunder North Geological Model)
Qualified Person
Technical aspects of this news release have been reviewed and approved by Metallis Resources'
V.P. of Exploration David Dupre, P.Geo. designated as a qualified person under National Instrument
43-101.
About the Kirkham Property
The 106 sq. km Kirkham Property is located about 65 km north of
Stewart, B.C.
, in the heart of the
Golden Triangle's prolific Eskay Camp. The northern border of Kirkham is contiguous to Garibaldi
Resources' E&L Nickel Mountain Project. The northeast corner of Kirkham is within 12 km of the
Eskay Creek mine while the eastern border is within 15 – 20 km of Seabridge Gold's KSM deposits
and Pretium Resources' Brucejack mine.
About Metallis
Metallis Resources Inc. is a
Vancouver
-based company focused on the exploration of gold, copper,
nickel and silver at its 100%-owned Kirkham Property situated in northwest
British Columbia's
Golden Triangle. Metallis trades under the symbol MTS on the TSX Venture Exchange and currently
has 32,981,129 shares issued and outstanding.
2018 Venture 50
Metallis Resources Inc. was included in the 2018 Venture 50 (the "V50"). The V50 is a ranking of top
performers on the TSX Venture Exchange each year and is published early in each following year.
The ranking comprises 10 companies from each of five industry sectors selected based on three
equally weighted criteria: Market capitalization growth, share price appreciation and trading volume
amount.
To view the V50 video click here.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President and Director
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business activities and operating performance of
the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking statements. Investors are cautioned that any such forward-
looking statements are not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ materially from those
in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors
are described in the periodic filings with the Canadian securities regulatory authorities, including
quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at
www.sedar.com
. Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or
expected. Although the Company has attempted to identify important risks, uncertainties and factors
which could cause actual results to differ materially, there may be others that cause results not to be
as intended, planned, anticipated, believed, estimated or expected. The Company does not intend,
and does not assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this
news release.
Metallis Resources Inc Kirkham Property
Thunder North Area
VTEM TauBF and Drill Target Map
(CNW Group/Metallis Resources Inc.)
SOURCE
Metallis Resources Inc.
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For further information:
Tel: 604-688-5077, Email: [email protected], Web:
www.metallisresources.com
CO: Metallis Resources Inc.
CNW 09:30e 02-OCT-18