Business
Metallis Announces 2020 Phase 1 Exploration Program Focussed on Identifying Drill Targets
Metallis Announces 2020 Phase 1 Exploration Program Focussed on Identifying Drill Targets ...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\n\n\n\nMetallis Announces 2020 Phase 1 Exploration Program Focussed on Identifying Drill Targets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 15, 2020\n\n\n\nVANCOUVER, BC, July 15, 2020 /CNW/ - Metallis Resources Inc. (TSX-V: MTS) (OTCQB: MTLFF) (FSE: 0CVM) (the \"Company\" or \"Metallis\") is pleased to announce details of its upcoming Phase 1 - 2020 Exploration Program (the \"Program\") at its 100%-owned Kirkham Property (the \"Property\"). The Property is situated within the prolific Eskay camp of the Golden Triangle in northwest British Columbia, a district known for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits and Pretium's Brucejack gold mine.\n\n \n \n \n \n \n \n\n \nThe Program objective at the Cole and Cliff porphyry systems (the \"Cliff\" and \"Cole\") is to expand both the high-grade gold and deep copper-gold potassic zones in order to  identify solid drill targets for the upcoming Phase 2 drilling program, planned for mid-August. Recent GIS work has confirmed a very strong structural control of mineralization along the northerly trending Adam fault which sits on the western margin of the Hawilson Monzonite and has a strike-length of ~7.5 km. The gold-rich mineralization ranges from 3 to 137 g/t Au and is concentrated along the hanging wall of the Adam fault. Both the Cliff and Cole share many similarities with other porphyry deposits in the Golden Triangle such as the Red Chris, Saddle-North and Kerr deposits where the volume and copper-gold grades increase with depth. \nBased on comprehensive 3D modelling, data analysis and the observed distribution of high-grade gold zones at the Cliff and Cole porphyry systems, the Company has designed an integrated exploration program which includes extensive field mapping, drill core re-logging, short-wave-length infrared (\"SWIR\") analysis and Induced Polarization (\"IP\") surveys over multiple targets (Cole, Cliff, King East and K9). \nThe Program also includes work to continue the evaluation of the Nickel-Copper poten...