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Metallis Commences Phase 1 Drilling Program
Metallis Commences Phase 1 Drilling Program Canada NewsWire VANCOUVER, July 24, ...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\n\n\n\nMetallis Commences Phase 1 Drilling Program\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, July 24, 2018\n\n\n\nVANCOUVER, July 24, 2018 /CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (\"Metallis\" or the \"Company\") announces the commencement of the Company's Phase 1 drilling program (the \"Program\"), currently underway at its 100% owned Kirkham Property (the \"Property\"), prospective for multiple deposit types in the prolific Eskay camp of northwest British Columbia.\n\n\n \n \n\n \nThis initial phase of drilling will test several high priority targets within the Hawilson Monzonite located in the southern portion of the Property.\n\nThe findings of the June 2018 geological mapping program, along with the results of the 2018 detailed airborne geophysical survey, have provided an enhanced understanding of the geometry, controls of mineralization, and apparent scale of the intrusive-related mineralizing system. This information, together with historical data, has facilitated the selection and prioritization of three specific drill targets: the Cliff, Nina and Cole targets. \n\nCliff Target\n\nThe Cliff Porphyry system extends for 3km and is represented by multi-phase intrusions and breccias associated with the recently mapped 7km long Hawilson Monzonite porphyry complex. This porphyry system was successfully tested by Metallis in 2017 with three drill holes that transected broad intersections of copper-gold mineralization, the longest being 146 meters of 0.34 g/t Au and 0.22% Cu, including a significant interval of 68 meters at 0.52 g/t Au and 0.3% Cu. The intensity of potassic alteration, veins and copper-gold grades increases with depth. The 2018 program is designed to drill deeper than previous holes, targeting the magnetic anomalies and zones of intense potassic alteration, veining and silicification in the core of the system.\n\nNina Target\n\nMapping and sampling at the Nina prospect has shown promising alteration and mineralization that continues northward from the Cliff zone. The main target is t...