Metallis Completes 2022 Exploration Program at Kirkham
METALLIS COMPLETES 2022 EXPLORATION
PROGRAM AT KIRKHAM
VANCOUVER, BC
,
Nov. 4, 2022
/CNW/ -
Metallis Resources Inc.
(TSXV: MTS) (OTCQB: MTLFF)
(the "Company" or "Metallis") today announces the completion of the Company's 2022 exploration
program (the "Program") at its 100%-owned Kirkham Property situated in the prolific
Eskay Camp
of
the Golden Triangle, northwestern
British Columbia
, a district known worldwide for the past
producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits, and Newcrest
Mining's producing Brucejack gold mine.
Dave Dupre P. Geo
., Metallis' Vice President of Exploration stated "The 2022 exploration program
has been the most efficient thus far and was conducted in a very competent manner by all involved. I
am proud of our crew's accomplishments and must say thanks to all contractors who went above
and beyond in delivering on our teams goals and deliverables. I trust that the upcoming results will
substantiate what we believe has been a successful campaign."
Exploration Program Highlights:
Four diamond drill holes totaling
1,961 m
successfully intersected chalcopyrite-mineralized
porphyry below the highest copper and gold grades encountered by the Company's previous
drill campaigns as well as massive pyrite and pyrrhotite veining attributed to the late gold event;
2 drill holes were relogged and 5 holes reviewed from the South Cliff target area to bring further
conformity to the project's drilling database, evaluate the current geologic model, and to
reassess the use of applying a geochemical signature towards locating concentrations of
mineralization vectors and improving the geologic model; and
First-pass soil sampling and prospecting of several ZTEM features resembling the Cliff-Miles
Half-Graben (
Click Here to View News Release
), as well as select additional targets on the
property were carried out (
Click Here to View Map
).
The 2022 drill program occurred at the South Cliff area of the Cliff-Miles porphyry corridor and was
designed to undercut and extend the best drill results on the property, occurring within the Hawilson
Porphyry Complex (KH18-16 with 0.8 g/t AuEq over
118 m
, including 0.96 g/t AuEq over
84 m
and
KH19-30 with 0.5 g/t AuEq* over
126.55 m
). The geological team utilized a single cost and time
efficient drill pad to drill four holes between two fans to avoid costly weather-related delays as had
been experienced by Metallis and other projects in 2021, and by many surrounding projects in 2022.
In addition to drilling, first-pass soil sampling and rock sampling took place along the Hawilson Trend
– an 11 km long series of ZTEM features that lie on trend with and resemble the Cliff-Miles Half
Graben, as well as over the "Max" magnetic anomaly.
All drill core and surface samples have been submitted to ALS Labs. Assay results will be reported
after they have been subjected to QA/QC validation.
Qualified Person
David Dupre
, P.Geo, Vice President - Exploration and the Qualified Person, as defined by National
Instrument 43-101, has reviewed, and approved the technical information contained in this release.
About the Kirkham Property
The wholly owned, 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 (Sulphurets) Camp. The Property is prospective for
multiple mineral deposit types and is located along a strategic geological boundary – the "Red-line"
exposed on the western margin of the Eskay Rift system in the Golden Triangle, northwestern
British
Columbia
.
The Kirkham Property is contiguous to Garibaldi Resources Corp.'s E&L Nickel Mountain Project in
the north and Eskay Mining Corp. to the east. Eskay Mining Corp has been discovering new
precious metals-rich VMS deposits in Hazelton Group rocks exposed in multiple fault blocks on their
adjoining property to the east. Eskay's property is within 12 km of the Eskay Creek mine while the
eastern border is within 12 – 20 km of Seabridge Gold's KSM deposits and Newcrest Mining's
producing 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. The Property is prospective for multiple mineral deposit types and is located along
a strategic geological boundary – the "Red-line" exposed on the Western margin of the Eskay Rift
system in the Golden Triangle,
Northwestern British Columbia
.
Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB
Exchange, and 0CVM on the Frankfurt Stock Exchange.
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 because 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.
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 09:00e 04-NOV-22