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Metallis Provides Update on Nickel Targets at Kirkham Property
Metallis Provides Update on Nickel Targets at Kirkham Property Canada NewsWire V...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\n\n\n\nMetallis Provides Update on Nickel Targets at Kirkham Property\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, May 8, 2019\n\n\n\nVANCOUVER, May 8, 2019 /CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (the \"Company\" or \"Metallis\") is pleased to provide an update on its Thunder North and other newly identified targets for magmatic Ni-Cu mineralization within its 100%-owned Kirkham Property in the prolific Eskay mining camp in northwest British Columbia.\n\n \n \n\n \n2018 Exploration Program\nMetallis completed a detailed high-resolution (83.3m line spacing) VTEM Survey, as well as state of the art WorldView-3 satellite imagery which resulted in the identification of follow up targets on the Kirkham Property (click here to view map). An extensive Neogene volcanic carapace covers part of the Thunder North target, but gabbroic rocks crop out under the volcanic center to the immediate south, and leucogabbros occur as inclusions in volcanic breccias. A series of conductive targets were identified in association with strong magnetic responses in 2018. Two drill holes of 195m and 191m depth tested coincident magnetic and electromagnetic anomalies at the edge of the volcanic center and encountered magnetite-rich volcanic rocks that explains the geophysical response. \nMetallis's technical team, led by Dr. Peter Lightfoot, generated a series of targets for follow-up based on the discovery of olivine gabbro outcrops in the footprint of intermediate to felsic intrusive rocks of the Texas Creek Series. Moreover, olivine gabbro boulders with 25-26 wt.% MgO have been identified in Harrymel Creek, and based on this, two areas with coincident magnetic and conductive responses have been identified for follow-up in 2019. This work indicates that olivine gabbros are more widely distributed along the western margin of Eskay Rift than previously thought. \nHighlights\nPetrographic thin section analysis confirmed the presence of olivine gabbronorite with 8.55% MgO which points to the potential to identify a small prospec...