Metallis Resources Completes Phase 1 and is Ready to Drill
METALLIS RESOURCES COMPLETES PHASE 1 AND IS READY TO DRILL
July 19, 2017
Vancouver, BC: Metallis Resources Inc. (TSX -V: MTS) (“Metallis” or the “Company”) has completed
Phase 1 of its 2017 exploration program on its Kirkham Property (“Property”), which focused on
geological an d alteration mapping o f the Haw ilson Monzonite south of drill hole MD09 -01 (92.67 m @
0.22% Cu and 0.28g/t Au at the bottom of the hole) to Fewright Creek.
Phase 1 confirmed that mineralization, within the monzonite body from hole MD09 -01 to Fewright Creek,
is up to 250 metres wide, extends at least 1.4 kilometres along strike and was traced to 500 meters lower
elevation to the bottom of the slope . Historical grab samples, at this elevation, have returned results up to
1.8% Cu and 4.3 g/t Au.
Furthermore, the intensity of phyllic alteration and copper mineralization (chalcopyrite+malachite+/ -
bornite) within the monzonite is stronger south of hole MD09 -01 and is continuous to the Cliff Zone.
Resistivity data from the 2016 VTEM survey conducted by Me tallis also supports these observations as a
strong conductivity anomaly (Fewright Creek) coincides with the strongest phyllic alteration and Cu/Au
mineralization from hole MD09-01 to the Cliff Zone.
The second phase of the 2017 exploration program, a 1,500 metre drilling progra m, expected to
commence in mid-August, will test the King Target as well as the southern extent of the Hawilson
Monzonite at depths greater than historical drilling.
Metallis has secured the permit, required for the expected mid -August drilling program, fr om the British
Columbia Ministry of Energy and Mines. The permit is valid for 5 years and required a reclamation
security deposit, which has been paid. The Company has completed an Archaeological Overview
Assessment required for the permit.
“We are very e ncouraged by the results of Phase 1. The geological and alteration mapping confirms that
the southern extent of the Haw ilson Monzonite may ho st a deposit comp arable in size and grade to
Seabridge’s KSM deposit . We look forward to the prospect of testing this during our mid -August drilling
program on the Property”, notes President Fiore Aliperti.
Technical aspects of this news release have been reviewed and approved by David Dupre P.Geo.,
designated as a qualified person under National Instrument 43-101.
About the Kirkham Property
The 10,600 hectare Kirkham Property is located about 65 km north of Stewart within the prolific Golden
Triangle. The Property is within 30 kilometres of Pretium’s Brucejack depo sit and Seabridge’s KSM
deposit and is in between 20 and 40 kilometres of Barrick’s Eskay Creek and Snip Mine.
About Metallis
Metallis Resources Inc is a Vancouver based company focused on the exploration of gold, copper and
silver on the 100% owned Kirkham Property situated in northern British Columbia. Metallis Resources Inc.
trades under the symbol MTS on the TSX Venture Exchange and currently has 20,826,617 shares issued
and outstanding.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information:
Tel: 604-688-5077
Email: [email protected]
Web: www.metallisresources.com
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