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Metallis Resources Plans to Drill Two Targets on Kirkham Property in the Golden Triangle
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2017) - Metallis Resources Inc. (TSX VENTURE:MTS) (the "Company") has completed the compilation and interpre
About this update from Metallis Resources Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2017) - Metallis Resources Inc. (TSX VENTURE:MTS) (the \"Company\") has completed the compilation and interpretation of all of the available drilling, geophysical, geochemical and geological data, over the Company's Kirkham Property (the \"Property'). The results of the data compilation and interpretation have resulted in the prioritization of two targets (out of 5 anomalies, see January 24, 2017 news release) on the Property: a porphyry target (KSM, Snowfield, Bronson Slopes) as well as a shear-vein target (Snip, Scottie Gold). The company intends on drill testing these centrally located targets, which are close to the Stuhini Hazelton contact, in Summer 2017. Figure 1: Metallis' Golden Triangle Exploration Model PDF.js viewer Thumbnails Document Outline Attachments Layers Current Outline Item Previous Next Highlight All Match Case Match Diacritics Whole Words Color Size Color Thickness Opacity Open Print Save Presentation Mode Current Page Go to First Page Go to Last Page Rotate Clockwise Rotate Counterclockwise Text Selection Tool Hand Tool Page Scrolling Vertical Scrolling Horizontal Scrolling Wrapped Scrolling No Spreads Odd Spreads Even Spreads Document Properties… Toggle Sidebar Find Previous Next Open Print Save Text Draw Tools Zoom Out Zoom In Automatic Zoom Actual Size Page Fit Page Width 50% 75% 100% 125% 150% 200% 300% 400% Enter the password to open this PDF file: Cancel OK File name: - File size: - Title: - Author: - Subject: - Keywords: - Creation Date: - Modification Date: - Creator: - PDF Producer: - PDF Version: - Page Count: - Page Size: - Fast Web View: - Close Preparing document for printing… 0% Cancel Target #1 - Porphyry Target #1 is characterized by an altered and mineralized Porphyry that is, about 6 kilometers long. The geological setting is strikingly similar to several of the KSM deposits, located 20 kilometers to the east of the Kirkham Property. Seabridge's 2016 PFS incorporates KSM's Proven and Probable Mineral Reserves of 2.2 billion tonnes grading 0.55 grams per tonne gold, 0.21% copper and 2.6 grams per tonne silver. Paget Minerals tested this target in 2009 with five shallow drill holes. These holes show that the copper and gold grades increase with depth. Drill hole MD-09-01, which most deeply penetrated the monzonite reported 92.67m @ 0.217%...