VANCOUVER, BC, June 22, 2021 /CNW/ - Metallis Resources
Inc. (TSXV: MTS) (OTCQB: MTLFF) (FSE: 0CVM) (the "Company"
or "Metallis") reports that its 2021 exploration season is now
underway with the commencement of its previously announced (See
News April 7, 2021) property wide
Z-Axis Tipper Electromagnetic survey ("ZTEM" or "the Survey") at
its 100%-owned Kirkham Property (the "Property"). The Property is
situated in the prolific Eskay Camp
of the Golden Triangle in northwestern British Columbia, a district known worldwide
for the past producing Eskay Creek and Snip gold mines, Seabridge's
KSM porphyry deposits and Pretium's producing Brucejack gold
mine.
Metallis' CEO Fiore Aliperti
stated, "This is an incredibly exciting day for the Metallis
technical team as it marks the start of our most aggressive
exploration program to date at our Kirkham Property. The team has
worked non-stop over the past two months developing both our ground
and drilling programs, a real collaborative effort by all our
technical minds." He went on to add, "The first members of the team
have arrived at the camp, and soon we expect to announce details of
the upcoming drill program."
The Survey, being conducted by Geotech Ltd., comprises a total
of 846 line-kms and is designed to cover most of the 106 sq. km
Property. Additionally, this survey will extend a short distance
onto adjacent lands held by Garibaldi Resources Corp. to the north
and Eskay Mining Corp. to the east (Click here to view map). Survey
data will be transmitted daily for analysis by Company Geophysicist
Dr. Jules Lajoie, who will provide
guidance on initial interpretations. ZTEM™ is ideal for mapping
deeply buried, porphyry hosted and structurally controlled targets.
Preliminary results from the Survey will be utilized to help
further refine the 2021 drill program due to start in the coming
weeks.
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 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. The property is within 12 km of the Eskay
Creek mine and within 12 – 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 Stock
Exchange. The Company currently has 52,839,878 common shares issued
and outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President and Director
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estimated, or expected.
Although the Company has attempted to identify important risks,
uncertainties and factors which could cause actual results to
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expected. The Company does not intend, and does not assume any
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SOURCE Metallis Resources Inc.