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Metallis Resources Inc
Symbol MTS
Shares Issued 32,981,129
Close 2018-09-20 C$ 1.29
Market Cap C$ 42,545,656
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Metallis conducting geophysics at Thunder North

2018-09-20 15:56 ET - News Release

Mr. Fiore Aliperti reports

METALLIS PREPARES TO DRILL NICKEL SULPHIDE TARGETS AT THUNDER NORTH

Metallis Resources Inc. has provided the following exploration update as drilling intensifies at its 100-per-cent-owned Kirkham property in the heart of the Eskay camp.

Highlights:

  • A final round of geophysics is being completed over the Thunder North target area, contiguous to the southern and eastern border of Garibaldi Resources Inc.'s Nickel Mountain project, in order to prioritize nickel sulphide drill targets after a highly encouraging VTEM (versatile time-domain electromagnetic) survey earlier in the season.
  • The textures and compositions of the gabbros at Thunder North support the presence of mafic intrusive magmatism in the Hazelton stratigraphy along the western margin of the Eskay rift.
  • Six drill holes totalling 3,006 metres have expanded the Cliff copper-gold porphyry system in the southern portion of Kirkham (assays pending; Cliff remains open in all directions).
  • Current drilling at Kirkham is focused on the Cole and Nina target areas, featuring additional discovery potential, up to six kilometres north of Cliff. Observed copper mineralization of the drill core from both targets, combined with extensive surface sampling and mapping, has led to a rapidly evolving exploration model of a shallow-level gold-rich porphyry system and a strong epithermal gold footprint.

Fiore Aliperti, president and chief executive officer of Metallis, stated: "We've entered the most exciting part of our exploration season given the potential for new discoveries on the very underexplored northern parts of Kirkham (Thunder North, Thunder South, Cole and Nina). We look forward to initial assay results and imminent drilling at Thunder North."

Qualified person

Technical aspects of this news release have been reviewed and approved by Metallis Resources' vice-president of exploration, David Dupre, PGeo, designated as a qualified person under National Instrument 43-101.

About the Kirkham property

The 106-square-kilometre Kirkham property is located about 65 kilometres north of Stewart, B.C., in the heart of the Golden Triangle's prolific Eskay camp. The northern border of Kirkham is contiguous to Garibaldi Resources' E&L Nickel Mountain project. The northeast corner of Kirkham is within 12 kilometres of the Eskay Creek mine while the eastern border is within 15 kilometres to 20 kilometres of Seabridge Gold's KSM deposits and Pretium Resources' Brucejack mine.

About Metallis Resources Inc.

Metallis Resources is a Vancouver-based company focused on the exploration of gold, copper, nickel and silver at its 100-per-cent-owned Kirkham property situated in northwest British Columbia's Golden Triangle.

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