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Metallis Resources Identifies Gabbroic Units at Kirkham Property, Golden Triangle Region
VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (“Metallis” or the “Company”) is pleased to provide the foll
About this update from Metallis Resources Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (“Metallis” or the “Company”) is pleased to provide the following drilling and exploration update regarding its 100%-owned Kirkham Property in the Golden Triangle’s Eskay Camp. Highlights: The Company’s recently expanded exploration program has identified several gabbroic units in the previously unexplored northeastern section of Kirkham in areas now referred to as “Thunder North” and “Thunder South”; The gabbroic units are similar to the rocks which host nickel-copper sulphides at Garibaldi Resources’ E&L Nickel Mountain Project, contiguous to Thunder North and Thunder South; Upcoming drilling at Kirkham will include, but may not be limited to, the King high-grade gold target adjacent to the 6-km-long Hawilson porphyry; Three drill holes have successfully intersected a deeper potassic gold-copper porphyry system at the Cliff target in the southern part of Kirkham. Metallis President and CEO Fiore Aliperti commented, “The 100 sq. km Kirkham Property is now showing potential for multiple deposit types along an under-explored corridor within the prolific Eskay Camp. “The decision to extend the 2017 program at Kirkham demonstrates our commitment to build shareholder value by unlocking this property’s geological potential while we also evaluate year-round exploration opportunities for Metallis,” Aliperti concluded. Thunder North & Thunder South Mapping and sampling continue at Thunder North and Thunder South to correlate the surface geology with a cluster of airborne magnetic and VTEM anomalies. Both areas are located at the intersection of major east-west and northeast trending faults, introducing mafic-ultramafic rocks. Significant glacial retreat has occurred, exposing altered rocks for the first time. The gabbroic units begin at Thunder South where they outcrop intermittently over a distance of 800 meters. The gabbro is more intensely altered at Thunder North where it’s exposed over 200 meters. The gabbroic units in both areas occur along a northeast-trending fault and include sections with disseminated sulphides. Multiple samples have been collected and are being sent for assaying and petrographic studies. The Thunder North gabbro showings are approximately 4 km...