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Metallis Resources Launches 2018 Exploration Program for Thunder North & Thunder South With VTEM Survey on Nickel Targets
VANCOUVER, B.C., March 02, 2018 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (“Metallis” or the “Company”) announces it has engaged GEOTECH Ltd. (“Ge
About this update from Metallis Resources Inc.
[{"type":"text","content":" VANCOUVER, B.C., March 02, 2018 (GLOBE NEWSWIRE) -- Metallis Resources Inc. (TSX-V:MTS) (“Metallis” or the “Company”) announces it has engaged GEOTECH Ltd. (“Geotech”) to commence work on a 404-line/kilometer airborne versatile time-domain electromagnetic survey (“VTEM Survey”) over its Thunder North and Thunder South nickel targets on its 100% owned Kirkham Property. The proposed infill VTEM survey at 83.3m line-spacing is designed to detect much higher resolution geophysical signature of the magmatic nickel sulphide targets at Thunder North and Thunder South. The Thunder North target is located immediately south of Garibaldi’s E&L (Nickel Mountain) Project on the western flank of the Eskay Rift. The project area is underlain by extensive mafic volcanic and sedimentary rocks of the Hazelton Formation that host the nickel sulfide mineralization at E&L. The prospectivity of the ground for Ni, Cu, Co, and precious metals provides a major impetus and focus for the 2018 exploration program. 2017 Program background and highlights: Following the discovery of massive sulphide mineralization at E&L, Metallis rapidly undertook a program of mapping, sampling, and drilling on the Thunder North target in order to identify outcropping gabbroic rocks favorable for magmatic sulphide mineralization. A small body of un-mineralized weakly differentiated medium-grained gabbro was identified with up to 7.5wt% MgO. Drill hole KH-17-09 only tested a structurally controlled, pyrite-rich gossan zone along the contact between a slightly differentiated gabbro and andesite-diorite host rocks. The textures and compositions of the gabbros at Thunder North demonstrate the presence of mafic intrusive magmatism in the Hazelton stratigraphy along the southern extension of the western margin of the Eskay Rift. This segment of the rift has seen no historic exploration for nickel sulfide mineralization, so the discovery of these rocks has influenced the design of the 2018 exploration program. The differentiated mafic intrusion with chaotic textures and/or breccias are recognized as an important feature of nickel sulfide ore deposits. Dr. Peter Lightfoot, a leading expert on magmatic sulfide ore deposits and a member of the Metallis technical team stated: “The flanking structures of the western margin of the Eskay Rift were likely a key control on the ...