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Metallis Resources Inc. Drilling Program at Cliff Porphyry Intersects 68 Meters at 0.52g/t Gold and 0.30% Copper Mineralization
VANCOUVER, British Columbia, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (the “Company” or “Metallis”) is pleased to announce the resu
About this update from Metallis Resources Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (the “Company” or “Metallis”) is pleased to announce the results of its initial 1,050-meter drilling program at the Cliff porphyry target, within its 100%-owned Kirkham Property in BC’s Golden Triangle. Drilling Highlights: Confirmation of 3km of continuous copper-gold mineralization along the southern half of the 6km long Hawilson monzonite, the porphyry system’s source rock. Extensive potassic alteration and copper-gold mineralization associated with calc-alkalic intrusions. The intensity of potassic alteration, veins and chalcopyrite-pyrite mineralization increases with depth. Broad intersections of copper-gold mineralization, the largest 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 assay results demonstrate that the Cliff porphyry intrusions are overprinted by high-grade gold bearing silicified zones, as evidenced by 2 meter intervals of 3.15 g/t Au in hole KH17-07, 2.66 g/t Au and 3.36 g/t Au in hole KH17-08. Below is a summary of the assay results from the 3-hole drilling program at the Cliff porphyry target. The location and orientation of the drill holes are given on the plan map and longitudinal section (See Map and Section). The illustrated field and core photographs, a corporate powerpoint presentation and the complete table of drilling results can be viewed on the Company’s website at: www.metallisresources.com. Hole ID Total Depth(m) From(m) To(m) Length(m) Au(g/t) Cu(%) Gold Eq.(g/t) Copper Eq.(%) KH-17-06 176.9 170 176.9 7 0.21 0.17 0.50 0.29 KH-17-07 417.85 86 168.3 82 0.17 0.17 0.46 0.27 including 112 139.0 27 0.24 0.26 0.68 0.40 KH-17-08 454.45 33 178.8 146 0.34 0.22 0.71 0.42 including 108 176.0 68 0.52 0.30 1.03 0.61 130 166.0 36 0.62 0.33 1.18 0.70 208 282 74 0.21 0.07 0.33 0.19 310 348 38 0.37 0.11 0.56 0.33 including 338 346 8 0.77 0.21 1.12 0.67 *Equivalent copper-gold grades are derived from US $1260/oz Au, and $3.10/lb Cu. The geological characteristics, metallogeny and...