Metallis Completes Drill Program at Kirkham Property
Metallis Completes Drill Program at Kirkham
Property
VANCOUVER, BC
,
Nov. 16, 2020
/CNW/ -
Metallis Resources Inc.
(TSX-V: MTS) (OTCQB:
MTLFF) (FSE: 0CVM) (the "Company" or "Metallis") today announces the completion of its 2020
Drill program (the "Program") at its 100%-owned Kirkham Property (the "Property"). The property is
situated in the prolific
Eskay Camp
; a fertile metallogenic district of the Golden Triangle in northwest
British Columbia
, known for its past producing Eskay Creek and Snip gold mines, Seabridge's KSM
porphyry deposits and Pretium's Brucejack gold mine.
The Program was designed to test the north-south extension and depth potential of the 4 km long
gold-rich Cliff Porphyry System, which forms part of the larger 7.5 km Hawilson Monzonite porphyry
trend. A total of 3,820 meters ("m") were drilled in 5 holes spread out from the Cliff to the Nina
areas. All five drill holes intersected broad intercepts of sulphide mineralization and pervasive
silicification, attributed to higher gold grades within the Porphyry and surrounding calcareous
siltstone units. Significantly, the altered and mineralized zone has now been traced over a vertical
extent of one kilometer. The drill core samples from all 5 holes are now being processed at the lab
and assay results are pending. (See News Release dated
October 20, 2020
)
Fiore Aliperti
, Chairman and CEO stated "Our exploration team has done a fantastic job this summer
in hitting all objectives of our 2020 exploration programs. This year has seen Metallis drill our
deepest holes to date targeting those gold-rich zones within the Cliff target and we remain confident
as we move the project forward." he went on to add "It has been a busy season in the Golden
Triangle this year with substantial levels of capital raised and exploration dollars spent on drill
programs. This is a great thing for both the area and the sector overall. We continue as always to
do all we can to expedite our assays and are excited to share our results once available."
QAQC Procedure
Metallis Resources has implemented a rigorous quality assurance / quality control (QA/QC) program
to ensure best practices in sampling and analysis of diamond drill core. The core is logged,
photographed and marked for sampling. It is then saw cut with half prepared for sampling and half
retained for archival purposes. All assays are performed by MS Analytical Laboratories
("MSALABS")., an independent ISO 17025 (Testing and Calibration) and ISO 9001 (Quality
Management System) accredited global geochemical lab. The initial sample preparation was carried
out at the MSALABS facility in
Terrace BC
, whereas the geochemical assays are performed at their
analytical lab in
Langley BC
. The drill core samples are being analyzed using the ultra-trace multi-
element analytical package IMS-131 – 20 g / Aqua Regia ICP-MS finish. Gold ≥ 1 ppm is analyzed
by Fire Assays - 50 g (FAS-121) and Gold ≥ 5 ppm is analyzed by Fire Assays - 50 g Gravimetric
finish (FAS-425). In addition to the internal QAQC program by MSALABS, Metallis inserted 10% lab
certified standards, blanks and field duplicates into the overall sampling stream.
Qualified Person
David G. Dupre
, P.Geo., Vice President, Exploration for Metallis Resources Inc., and a Qualified
Person as defined by NI 43-101, has reviewed, and approved the technical information in this press
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 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 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 symbols MTS on the TSX Venture Exchange, MTLFF on
the OTCQB Exchange, and 0CVM on the Frankfurt Exchange. The Company currently has
44,060,433 common shares issued and outstanding.
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-
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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 Venture 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 15:29e 16-NOV-20