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Head Office
#604 – 850 West Hastings St.
Vancouver, BC V6C 1E1
Phone: 604.688.5077
Fax: 604.688.5017
Email: info@metallisresources.com
Web: Metallisresources.com
Share Structure
Issued and Outstanding Shares: 36,155,767
Fully Diluted Shares Including Options and Warrants: 39,734,823
For further information about shares outstanding including the most up to date information, <click here> to be re-directed to the company's website
************** For access to the company's latest corporate presentation, <click here>.
Familiarize yourself with Metallis' Directors, Officers and Exploration team by reviewing all their bios by <clicking here>.
Metallis Resources Inc. is a Vancouver based TSX-Venture listed junior exploration company focused on the exploration of gold, copper, silver and nickel on its 100% owned Kirkham Property situated in the heart of the Golden Triangle in Northern British Columbia. The Golden Triangle is a highly mineralized district, home to mines and advanced exploration projects collectively worth billions of dollars.
The Company acquired the Kirkham Property, which was carefully assembled by world-renowned copper-gold expert, Rodney Kirkham. The property features several geological environments – porphyry, shear vein and magmatic sulphide – and is believed to have the potential for a world class mineral discovery.s
Press Releases (click on any headline to be redirected)
METALLIS EXPANDS TECHNICAL ADVISORY BOARD AND PROVIDES UPDATE ON COVID-19 POLICY
METALLIS EXPANDS GOLD-RICH MINERALIZATION AT COLE PORPHYRY-EPITHERMAL SYSTEM ON THE KIRKHAM PROPERTY
METALLIS EXPANDS THE CLIFF PORPHYRY COPPER-GOLD SYSTEM FOR A STRIKE LENGTH OF 3KM ON THE KIRKHAM PROPERTY
METALLIS INTERSECTS SIGNIFICANT, NEAR SURFACE, PORPHYRY COPPER/GOLD MINERALIZATION AT THE CLIFF ZONE ON THE KIRKHAM PROPERTY
METALLIS COMPLETES 2019 DRILL PROGRAM ON THE KIRKHAM PROPERTY
METALLIS CLOSES $1.85 MILLION FINANCING
Overview
Geology
Location and Access
The Kirkham Property is located 65 km northwest of Stewart in northwestern British Columbia and is centered at 56 °29’ N latitude and 130 °40' W longitude, within the Liard and Skeena Mining Divisions. Situated within the Golden Triangle, the Property is proximate to several mines and advanced exploration projects, including Barrick’s past-producing Eskay Creek Mine (12km southwest), Pretium Resources’ Brucejack deposit (40 km southeast) and Seabridge’s KSM and Iron Cap deposits (30km). The closest road access is at the Eskay Creek historic mine camp, connected by 60 km of controlled-access gravel road to Highway 37, located a couple of kilometers south of the Bob Quinn Lake airstrip. In recent years, several infrastructure improvements have been made in the region, including the paving of Highway 37, the opening of ocean port facilities for export of concentrate at Stewart and the completion of the Northwest Transmission Line, which provides cheap power for mineral production purposes. The Kirkham Property is accessible by helicopter. The nearest helicopter base is at Stewart, although helicopters are commonly stationed from Bob Quinn Lake and nearby exploration project
Golden Triangle Metallogeny
The Unuk River and Iskut River areas in the Golden Triangle of Northwest BC are primarily underlain by rocks of the western Stikine Terrane, a multistage fertile volcanic arc terrane. There are three main island-arc building events and a fourth phase of basin development in the Stikine Terrane (MacDonald et al., 1996; Logan, 2011).
Intrusive bodies coeval with the magmatism associated with three distinct phases throughout the region, these include, (1) late Devonian-early Carboniferous Forrest Kerr-More Creek intrusions, (2) late Triassic Stikine intrusive suite (3) late Triassic-early Jurassic Copper Mountain suite, (4) early Jurassic Texas Creek suite and (5) early to middle Jurassic Three Sisters suite (Logan, 2011) Volcano-sedimentary rocks and related Early Jurassic plutons in the north-west part of Stikina represent an exceptionally metals-rich tectonic assemblage in British Columbia. This area includes volcanogenic massive sulphide deposits (e.g., Granduc, Dolly Varden-Torbrit, Anyox, and Eskay Creek), calc-alkaline porphyry Cu-Au deposits (e.g., Kerr, Sulphurets, Mitchell, Snowfield), and transitional epithermal intrusion-related precious metal deposits (e.g., Brucejack, Silbak-Premier, Big Missouri, Red Mountain, and Homestake Ridge).Finally, there are recent basalt cones, surficial tuffs and lava flows in valleys which overlie all other units (Britton, et al., 1989).
Historical Work
The Unuk River area has attracted prospectors, geologists and entrepreneurs in search of mineral deposits since 1893 (Grove, 1986). The earliest reported work around Kirkham property was in 1929, when “two claims [were] located, carrying free gold on the surface to the amount of $10 to the ton” (17 g/tonne) on Glacier (Fewright) Creek (BCDM Annual Report, 1929, p. C112). Exploration of the area has been concentrated in a few waves including
Initial exploration of accessible areas in the 1920s and 1930s, on foot or float planes out of Stewart.
Helicopter gossan reconnaissance in the 1950s and 1960s.
Porphyry copper exploration in the 1970s.
Gold exploration in the early 1980s and opening of Snip and Eskay Creek mines in the early 1990s.
Significant Exploration Work and Results
Airborne magnetic survey in 1959 led to delineation of the Max iron (-copper-cobalt) deposit with an historic, non-compliant resource of 11.2 million tonnes grading 45% Fe (Minfile, 2013)
Great Plains Development Company in 1975 and 1976, collected soil and rock chip samples between King and Fewright Creeks. The sampling defined a semi-continuous 200-300 m wide Cu-Mo soil anomaly (>180 ppm Cu, >7 ppm Mo) and 2 rock chip samples yielded 0.60% Cu and 1.28 g/t Au. The reconnaissance silt and soil samples were followed up with a soil/VLF/magnetics grid over the Cole prospect on the ridge-top between King and Terwilligen Creeks.
Du Pont’s geochemical sampling 1981 showed a 100 x 600 m north-south Cu-Au soil anomaly (>250 ppm Cu, >100 ppb Au) which was then extended further 700 m to the south and remained open to the north and south. Although a massive pyrite boulder was discovered in the Gossan Creek, which returned 7.1 g/t Au, but no significant mineralization reported in the outcrops (Korenic, 1982).
Placer/Skyline’s in 1983 work on the Cole prospect revealed elevated Au, Ag, As, Zn in isolated soils 500 m west of Cole Lake (Gareau, 1983).
Cominco in 1988 reported massive pyrite lenses along the gossan creek (Adam Fault) that returned up to 9.5 g/t Au and veinlets within argillaceous siltstone in the vicinity of the fault (Westcott, 1988). Winslow Gold Corp., in late 1988 commissioned an airborne geophysical survey which extended north as far as King Creek and covered the Mt. Dunn prospect (Dvorak, 1989b). Mapping, prospecting and geochemical sampling in following year identified altered and mineralized “quartz diorite” (monzonite) south almost to Fewright Creek (Aussant and Dupre, 1989c).
Corptech Industries Inc. in 1989 carried out a helicopter-borne VLF/magnetic survey over King and Consoat claims. They confirmed the Great Plains’ Cu-Mo soil geochemical anomaly and revealed a coincident, but slightly narrower, >100 ppb Au soil anomaly. Limited IP lines across the Evan and Cole prospects indicated two zones of high chargeability (>20 ms) near the eastern and western limits of the lines. Corptech drilled three test holes (364 m) and intersected pyritic and silicified monzonite carrying average 604 ppb Au over 14.5 m (Chapman and Dewonck, 1989; Chapman et al., 1989; Chapman et al., 1990).
The exploration work from 1991-1991 by Canadian Industrial Minerals Corp. in the Achilles area (King East) identified four gold-in-soil anomalies with up to 3.3 g/t Au (Wesa,1990a). The trench samples to the north of King Creek returned 0.40 m @ 17.1 g/t Au and 6.0 m @ 2.0 g/t Au (source unknown) whereas soil sampling south of King Creek identified a new 5.9 g/t Au soil anomaly (Howson, 1991a).
Rimfire Minerals in 2002 and carried out limited fieldwork on the Mt. Dunn and Cole prospects (Awmack, 2003).
In 2006, Paget Minerals Corp. carried out extensive rock sampling (Marsden, 2007) and drilled five holes (1,587m) with their best intersection of 332 m @ 0.13% Cu and 0.18 g/t Au (Bradford, 2009).
CLIFF PORPHYRY SYSTEM
Geographical Framework
Cliff porphyry system lies on the southern end of the 7.5 km long Hawilson Monzonite (‘HM’) complex at Kirkham Property. Porphyry Cu-Au mineralization at Cliff is associated with a 200-500m wide and 3.5 km long, north-south trending corridor of Jurassic age (191 Ma) monzodiorite porphyry intrusions and breccias hosted by upper Triassic Stuhini Group rocks. The porphyry dikes and hydrothermal alteration footprint is proximate to the Triassic-Jurassic unconformity; referred to as the “Red Line” (Kyba 2014) recognized as an important geological horizon for copper-gold deposits in the Golden Triangle. The geological framework and metallogeny of the Cliff porphyry system is similar to the Kerr Deposit of Seabridge Gold’s KSM project, which has an inferred resource of 1.92 billion tonnes grading 0.41% copper and 0.31 g/t gold, containing 19.0 million ounces of gold and 17.3 billion pounds of copper (Seabridge New Release Feb 16, 2017).
Lithology and Alteration
Multiphase monzodiorite dikes at Cliff are cut by monzodiorite breccia and feldspar porphyry intrusions, displaying variable proportion of plagioclase feldspars and amphiboles, hydrothermal biotite, chlorite-sericite (clay) alteration minerals. The porphyry intrusions and breccias exhibit pervasive sericitic, and, locally preserved, potassic alteration along with a network of quartz-carbonate veins and disseminated to veinlet pyrite ± pyrrhotite ± chalcopyrite mineralization. The early mineralized porphyry intrusions and breccias are subsequently cut by typically narrow 1-4 m thick barren diorite and mafic dikes.
Structural Setting and Control of Mineralization
COLE PORPHYRY SYSTEM
Overview
Location: 399483 E, 6263158 N
Mineral Deposit Type: Porphyry / Epithermal
Commodity: Gold-Copper-Silver
Size: 1000 x 800m Sericitic Alteration and Geochemical Anomaly
Exploration Completed: Remote Sensing, Mapping, Sampling, VTEM Surveys and Drilling (3,536m)
Planned Work: Detailed Mapping, IP Survey and Drilling
Geological Framework
The Cole Porphyry system defines the northern extent of the 7.5 km long Hawilson Monzonite (‘HM’) Complex near the Triassic-Jurassic unconformity at Kirkham property. The Cole porphyry system was first mapped in 2017 where Metallis’ geologists outlined a 500m x 200m wide zone of intense sericitic alteration and porphyry style mineralization in multiple crosscutting monzodiorite and diorite intrusions. These intrusions are emplaced as NNE-trending (015º) linear dikes hosted by Stuhini andesitic and clastic sedimentary rocks and unconformably overlain by Hazelton rocks to the west. The first drilling at the Cole target in 2018 intersected multiple cm-scale gold-bearing massive sulphide veins highlighted by 137 g/t Au over 0.6 meters, similar to the gold-bearing veins found at the Snip mine, which produced 1.1 million ounces of gold at an average grade of 27.5 g/t from 1991 to 1999. (MINFILE, 2015: Snip, 104B 250; BC Ministry of Energy and Mines).
Lithology and Alteration
2018 Drilling Highlights
Building on 2018’s high-grade drill intercept of 137 g/t Au over 0.6m, in 2019, the exploration team outlined a 1 km long by 200m wide zone of NE oriented faults and epithermal veins along the Cole porphyry system. Over 200 continuous rock-chip samples were collected from 21 trenches hand-excavated along the historic copper and gold geochemical anomalies. Several 2m intervals of continuous trench samples assayed anomalous gold ranging from 0.5 g/t to 1.25 g/t Au in the Cole porphyry system.
Exploration Potential
The exploration and drilling results to date established that the Cole target is a structurally controlled porphyry system transitioning westward into epithermal gold veins. Multiple sub-parallel porphyry intrusions and hydrothermal breccia bodies along faults result in an extensive (800m x 300m) footprint of sericitic alteration including a linear (300m x 50m) zone and gold-bearing pyrrhotite-pyrite and quartz-carbonate veins. These linear zones are characterized by intense quartz stock work, disseminations, and veins of pyrite + pyrrhotite ± chalcopyrite and 0.35 to 1.0 g/t gold mineralization and subsequently cut by swarm of late-mineral barren dikes.
Mineralization including 1.34 g/t AuEq* to 2.85 g/t AuEq* in the 2019 drill holes and 137 g/t Au in KH18-19 assayed from the 2018 program (MTS News Release Nov 2018), confirmed the emplacement of multiple sub-parallel epithermal gold veins along the Adam fault. These veins mainly occur along the footwall of the Adam fault and remain open at depth and to the south. The on-going advanced porphyry vectoring and fertility tools (“PVFT”) coupled with field observations and drill logs suggest both porphyry copper-gold and epithermal-type gold potential at Cole target.
Results from the field mapping and drill data has provided significant information to reconstruct the anatomy of faults, porphyry intrusions and alteration patterns. These features commonly vector toward the core zones of the Cole porphyry system, which may have a vertical extent of approximately 1,000m. The drilling assays provided a much better understanding of the control of mineralization. Metallis’ technical team is planning a strategic exploration and drilling program, supported by IP survey, that will test the expansion of near surface epithermal gold mineralization whilst simultaneously targeting the deeper core zones of the Cole porphyry system.
KING EAST
Overview
Location: 401247 E - 6261529 N
Mineral Deposit Type: Porphyry, Shear Vein
Commodity: Copper-Gold (Moly)
Size: 2km x 2km coincident Magnetic and Resistivity Anomaly, Anomalous Cu. Au, Mo
Exploration Completed:WV3 Remote Sensing, Sampling (soil-rock-trench), VTEM Surveys
Planned Work: Detailed Mapping, Grid sampling and drilling
Geological Framework
Stratigraphic Sequence
Field mapping and petrographic studies (Howson, 1990) indicated extensive exposures of upper Triassic Stuhini volcano-sedimentary rocks overlain by intermediate to mafic volcaniclastics and mafic flows of the Unuk River Formation. The stratigraphy is predominantly covered by thick vegetation, however some of the outcrops along creeks reflects thinly bedded, dark-grey to black argillite, cherty argillite, light to dark greenish-green chert, light-grey siltstones, dark grey-green greywackes and finely laminated andesitic ash and crystal tuffs. These stratigraphic units strike north-south and dipping to the west and remain part of a broad north-plunging anticline with moderately dipping limbs (Britten et al., 1989). The Stuhini Group rocks at King East are cut by 0.5 to 4.0m thick porphyritic diorite dikes attributed to the Texas creek suite intrusions at Kirkham property.
Alteration and Mineralization
