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Metallis Identifies Stratabound Mineralization in Scout Hole at King East Target
Metallis Identifies Stratabound Mineralization in Scout Hole at King East Target ...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\n \n \n \n Metallis Identifies Stratabound Mineralization in Scout Hole at King East Target\n \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 Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 8, 2021\n \n /CNW/ -\n \n Metallis Resources Inc.\n \n (TSXV: MTS) (OTCQB: MTLFF) (FSE: 0CVM\n \n )\n \n (the \"Company\" or \"Metallis\") reports the results from the final drill hole of the Company's 3,820 meter (\"m\") drill program (the \"Program\") in 2020 at its 100%-owned Kirkham Property (the \"Property\"). The Property is situated in the prolific\n \n Eskay Camp\n \n of the Golden Triangle, northwestern\n \n British Columbia\n \n , 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.\n \n \n \n Drilling highlights\n \n \n \n Two drill holes (from the same pad) were planned to test the King East target area. The first hole (KH20-38) was drilled to the west to test a very large VTEM and magnetic anomaly. The second drill hole was designed to test strong copper-gold soil geochemical anomalies to the east. Due to weather and time constraints at the end of the 2020 season, the second hole was not drilled.\n \n \n The upper\n \n 170m\n \n of KH20-38 intersected a highly silicified and pyritic siltstone/chert horizon with elevated gold values (i.e.,\n \n 10m\n \n @ 0.14 g/t Au) which has confirmed the presence of both stratabound and vein stockwork mineralization. Later observations from the drill core identified a distinct inside-out vector of sericitic to propylitic alteration to the west, this alteration highlights significant exploration potential to the east where anomalous historical Cu-in-soil values correlate with magnetic lows (See below map).\n \n \n The lower section of KH20-38 intersected a succession of greywacke and magnetite-bearing andesitic volcanics which explains the VTEM resistivity and magnetic anomaly in the area.\n \n \n \n \n \n \n \n \n \n \n Exploration Potential and Follow-up Plan\n \n \n \n The King East target extends ov...