The Company’s 2013 survey defined several large, coincident magnetic and resistivity anomalies that are characteristic of the porphyry gold/copper deposits in the Golden Triangle. Two of these have a strong potassium anomaly. Also, the 2013 survey delineated a linear, very strong coincident resistivity and magnetic anomaly that is outboard from the mineralized Hawlison Porphyry. This feature is similar to the Snip Mine, located 30 kilometers to the northwest. Metallis plans to prioritize all of the geophysical and geochemical anomalies before carrying out ground work and proposed drill program in 2017.
The Kirkham Property is located about 65 km north of Stewart, 20 km southwest of Barrick’s Gold Corp’s past-producing Eskay Creek Mine and about 40 km from Pretium Resources’ Brucejack deposit. The Kirkham Property borders Colorado Resources to the west and the south.
Mr. Fiore Aliperti, President of Metallis states “The 2016 season has seen a massive ramp up in exploration dollars being put into the ground in the Golden Triangle by our peers, namely Colorado and Seabridge. This increase in spending, coupled with the major merger & acquisitions announcements from the area, reflect the confidence returning to the market in general but, more importantly, the opportunity the region offers the juniors. Metallis Resources is excited to be centrally located amongst all the activity. This survey is the next systematic step in our plan to move the Kirkham property towards a drill program by strategically and responsibly evaluating the right targets for our next phase.”
Technical aspects of this news release have been reviewed and approved by David Dupre P.Geo. designated as a qualified person under National Instrument 43-101.
On behalf of the Board of Directors:
Chief Executive Officer, President and Director
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