Eskay Mining Corp ESKYF

metallis

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Metallis Resources Inc. (TSX-V: MTS, OTCQB: MTLFF, Forum) announced on Tuesday that it had substantially extended the gold-bearing zone within the 4 km-long Cliff Porphyry System, which forms part of the larger 7.5 km long Hawilson Monzonite Complex at its 100%-owned Kirkham Property. The Property is situated in the prolific Eskay Camp of the Golden Triangle in northwestern British Columbia, a region known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits and Pretium's producing Brucejack gold mine, amongst others.

Metallis' President and CEO Fiore Aliperti stated the Company has now established that gold grades increase with depth in two separate discovery holes.

“Significantly, Holes 34 and 37 are approximately 1.2 kms apart which has expanded the gold-rich mineralized corridor to a strike-length of at least 2 km." He went on to add "We are now in a much-improved position to define bulk tonnage-style gold mineralization, as in the other world class Golden Triangle deposits such as Saddle North, KSM and Red Chris. Planning is now underway for an aggressive 2021 work program focused on further expanding the gold-rich corridor and targeting even deeper copper-rich potassic core zones of the Cliff Porphyry System.”

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It was at the Kirkham Project where MTS recently discovered a substantial gold zone at the Company’s Miles target which forms part of the larger 7.5km long Hawilson Monzonite Porphyry Complex. KH20-37 intersected 1.21 g/t Au over 32 meters within a broader gold zone of 0.63 g/t Au over 83m associated with highly silicified limey siltstone and sandstone units proximal to the Hawilson Monzonite Porphyry intrusions.