Metallis Expands Technical Advisory Board and Provides Update on COVID-19 Policy
Metallis Expands Technical Advisory Board
and Provides Update on COVID-19 Policy
VANCOUVER
,
April 29, 2020
/CNW/ -
Metallis Resources Inc.
(TSX-V: MTS; OTCQB:
MTLFF)
(the "Company" or "Metallis") is pleased to announce the appointment of Dr.
Farhad
Bouzari
and
Andrew McIntosh
to the Company's Technical Advisory Board. Both Dr. Bouzari and Mr.
McIntosh bring a high level of technical experience adding invaluable knowledge to support the work
being carried at the 100%-owned Kirkham Property (the "Property"). The Property is situated within
the prolific Golden Triangle in northwest
British Columbia
, an area known for hosting world-class
deposits such as the past producing Eskay Creek and Snip gold mines along with Seabridge's major
KSM porphyry deposits and Pretium's Brucejack mine.
The Company also provides an update on its COVID-19 Policy and the possible impacts on the
Company's operations in
British Columbia
in 2020.
Dr.
Farhad Bouzari
Dr. Bouzari obtained his Ph.D. from Queen's University in 2003. Over the past 25 years he has
worked extensively on porphyry and allied deposits, their features and establishing techniques to
improve exploration decision-making. Since 2006 he has been Research Associated with the Mineral
Deposit Research Unit - MDRU. His experience lays with the anatomy and evolution of porphyry
systems particularly their distal and deep features and application of mineralogical and geochemical
techniques in exploration targeting. Dr. Bouzari's experience includes research on various regions
and deposits in
British Columbia
such as Copper Mountain, Woodjam, Highland Valley Copper,
Mount Polley, Mount Milligan and
Red Chris
. Currently, Dr. Bouzari is the principle investigator of the
MDRU's project on porphyry vectoring techniques in advanced argillic altered rocks of
British
Columbia
.
Andrew McIntosh
Mr. McIntosh has a B.Sc. and over 25 years of mineral exploration experience. Andrew has worked
for companies such as Teck, Cominco, BHP and Highland Valley Copper along with the Geological
Survey of
Canada
. He has also provided consulting services to numerous companies as a geologist
and data specialist. He has worked for McElhanney
s
ince 2001, where he is currently a project
manager for GIS, LiDAR mapping, and geological data services.
Dr. Bouzari's expertise of the space-time evolution and vectorizations of porphyry deposits, in
tandem with the GIS and 3D modelling work of Mr. McIntosh will enable the team to produce a
robust geological and alteration model of all the porphyry systems along the 7.5km Hawilson
Monzonite Complex. This model will support the team's efforts in identifying deeper targets for
drilling in the upcoming Phase 1 exploration program of 2020.
Fiore Aliperti
, CEO and President stated "The addition of both Farhad and Andrew to our advisory
board provides incredible technical and scientific knowledge to the team, the timing of which we
believe to be perfect. Our geological team has worked tirelessly over the past three seasons,
establishing that the Cliff Porphyry system holds many similarities to other porphyry systems
discovered in recent years in the Golden Triangle, such as GT Gold's Saddle deposit and
Seabridge's Deep Kerr". He went on to add "we have asked Farhad and Andrew to join us to
provide guidance to our geological team as we move to identify deep drill targets in this upcoming
season".
COVID-19 Policy
Metallis' COVID-19 policy prioritizes our commitment to the health and wellbeing of our employees,
our partners, stakeholders and the communities we work within. The Company strives to always put
health and safety first and ensure all working conditions, whether in the field or in the office, are safe
for those who work within them. In order to limit the effects of COVID-19 in our workplaces, updated
operational procedures have been implemented across the company to address the global pandemic
and limit its impact on the Company. Currently all office and field staff are working from home per
advisories from both the Public Health Agency of
Canada
and the Province's Chief Medical Officer.
We continue to follow updates to those recommendations. The Company's geological team is
currently planning our 2020 exploration programs and will take all advisories into consideration during
implementation. The Company will continue to monitor all government guidance and will address
changes in corporate policy when appropriate as the situation evolves.
Metallis is funded with
$1.8M
cash in the treasury, sufficient for the 2020 Phase 1 exploration and
drilling program.
About the Kirkham Property
The 106 sq. km Kirkham Property totals 10,610 Hectares and is located about 65 km north of
Stewart, B.C.
, in the heart of the Golden Triangle's prolific
Eskay Camp
. The Property is 100%
owned by the Company and is prospective for multiple mineral deposit types. The property 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 symbol MTS on the TSX Venture Exchange and currently
has 36,155,767 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-
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 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 09:00e 29-APR-20