Metallis Hits the Ground at Kirkham and Begins 2020 Phase 1 Exploration Program
Metallis Hits the Ground at Kirkham and
Begins 2020 Phase 1 Exploration
Program
VANCOUVER, BC, July 20, 2020 /CNW/ - Metallis Resources
Inc. (TSXV: MTS); (OTCQB: MTLFF); (FSE: 0CVM) (the "Company"
or "Metallis") announces the commencement of the Company's Phase
1 - 2020 Exploration Program (the "Program") at its 100%-owned
Kirkham Property (the "Property"). The Property is prospective for
multiple deposit types and is situated within the prolific Eskay camp of
the Golden Triangle in northwest British Columbia.
The Company's geological team, led by Dr. Razique, arrived at the
Property on Saturday July 18th to immediately begin the Program with
a clear objective of expanding both the high-grade gold and deep
Copper-Gold potassic zones of the Cliff and Cole Porphyry systems.
The Program also includes detailed work at the Company's K9 target
located at the base of Nickel Mountain at Garibaldi Resources' E&L
project (See News Release dated July 15, 2020).
Fiore Aliperti, Metallis' President and CEO commented, "The IP
Survey is a critical component of this year's phase one program, the
results of which will support the team in identifying those high-grade
gold and deeper copper-gold targets for the upcoming drill program".
He added, "The start date of that Survey was dependent on the snow
melt in the area. The conditions are now perfect for us to carry out the
detailed work needed. We are all excited to get this year's program
going after the last few months of uncertainty due to COVID".
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 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 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
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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 20-JUL-20