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Metallis Resources Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 515 – 850 West Hastings St.
Vancouver, BC
Canada V6C 1E1
Tel No.: 604-688-5077
Fax No.: 604-688-5017
Web Site: www.metallisresources.com
E-mail: info@metallisresources.com
Contact Person: Fiore Aliperti
Position: President and CEO


Company Data

Traded Market: TSX-V
Traded Symbol: MTS
Outstanding Shares: 29,628,209
Public Float: 22.43 million
52 Week High: $ 2.75
52 Week Low: $ 0.11
Present Price: Click Here


Introduction

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Metallis Resources Inc. is a Vancouver-based TSX-V Listed company focused on the exploration of gold, copper, silver and nickel on its 100-per-cent-owned Kirkham property in northwest British Columbia's prolific Golden Triangle.

The company acquired the Kirkham Property, which was carefully assembled by world-renowned copper-gold expert, Rodney Kirkham, over a number of years following the discovery at Eskay Creek. The property features several geological environments – magmatic sulphide, porphyry and shear vein - and is located strategically within BC's Golden Triangle – an area that has produced immense base and precious metal wealth over the last 50 years. The geological setting of this property is believed to have the potential for a world class mineral discovery.


Projects in Hand

The Kirkham Project – Located in the Heart of the Prolific Golden Triangle

Metallis's 100-per-cent-owned, 100-square-kilometre Kirkham property rests in the heart of the Eskay camp, and is prospective for gold-copper porphyry, high-grade gold and base metal mineralization.

The northern border of Kirkham is contiguous to Garibaldi Resources' E&L Nickel Mountain project, approximately 12 km southwest of the Eskay Creek mine. The eastern border of Kirkham is within 15 to 20 km of Seabridge Gold's KSM deposit and Pretium Resources' Brucejack mine which is now in commercial production.

  • 106 sq. km land package assembled, over several years, by world-renowned copper-gold expert Rodney Kirkham.
  • Within a highly mineralized region, home to mines and advanced exploration projects collectively worth billions of dollars.
  • Favorable geology with a wide range of mineral deposits: porphyry, shear vein and magmatic sulphides.
  • All of these geological environments have been found on the Kirkham Property
  • Excellent Infrastructure; Easy access to transportation and energy infrastructure
  • A key marker for copper-gold mineralization, named the “Red Line”, has been traced over a 10 km strike-length on the Kirkham Property.
  • Most copper-gold deposits within the Golden Triangle are found within 2 km of this contact.

2017 Priority Targets

Cliff Target

  • Characterized by an altered and mineralized Hawilson Monzonite Porphyry that is 6 km long.
  • Porphyry was drill tested (5 shallow holes higher in the system), in 2009, showing increasing Au and Cu grades with depth.
  • Deepest hole (MD-09-01) reported 92.67 m @ 0.217% Cu and 0.277 g/t Au at the bottom, pointing to increasing grades with depth.
  • 22 rock samples from the mineralized monzonite averaged 0.7 g/t Au and 0.35% Cu; Rock samples show improving grades down section.
  • Metallis drill tested mineralized monzonite (2 km long) below previous drilling intercepts in August/September 2017, assay results expected Nov/Dec 2017
  • Visual examination of drill core suggests that the gold-copper porphyry system extends beyond depths of historical drilling and over a substantial strike length.

King Target

  • Analogous to Snip, 35 km northwest with 1 million oz of production at 27.5 g/t.
  • Planar, very strong, coincident resistivity and magnetic anomaly 200 meters west of the mineralized Hawilson Porphyry.
  • Modeling of EM response suggests a 380-meter long target about 40 meters deep.
  • Downstream geochemical sample returned a very anomalous assay of 3847 ppb Au.
  • Interpreted as a possible gold bearing shear vein massive sulphide target.
  • Metallis drill tested the King Target in August/September 2017, assays results are expected Dec 2017/Jan 2018.

Thunder North and Thunder South Targets

  • Thunder North and South Targets, consisting of several (nickel-bearing) gabbroic units, have been made recently visible due to significant glacial retreat.
  • Gabbroic units, exposed for about 1km, include metal-bearing sulphides.
  • Thunder North and Thunder South collectively cover 10 sq. km of the Kirkham Property.
  • Highly prospective for intrusion-hosted nickel-copper, VMS base metal and copper-gold porphyry mineralization.
  • Metallis drill tested the Thunder North Target in August/September 2017, assays results are expected Dec 2017/Jan 2018.

Additional Targets Remain to be Explored:

  • King East, Fewright Creek, Natt and Terwilligen.

Conclusions

  • Metallis' market value is still only a fraction of similar companies in the district. Ongoing work will soon support a valuation in line with comparables.
  • The Kirkham Project is a golden opportunity in the Golden Triangle.
  • 106 sq. km property, wholly owned by Metallis, was carefully assembled over several years by a world-renowned copper-gold expert.
  • Tight share structure despite raising $4.7 million in 2017.
  • Legendary mining investor, Eric Sprott is a major investor in Metallis Resources.
  • Highly experienced management and technical team with excellent knowledge of regional geology and a history of discovery in the district.
  • Excellent transportation and energy infrastructure – road, power and year-round access to port facilities.
  • The “Red Line”, a geological marker for most copper-gold deposits in the Golden Triangle, has been traced over a 10 km strike length on the Kirkham Property.
  • Multiple deposit types (magmatic sulphide, porphyry & shear vein), multiple targets, multiple chances to make an economic discovery.
  • Summer 2017 exploration program drill tested priority targets - Cliff, King and Thunder North.


Management

Management and Directors

Fiore Aliperti, Director, President and Chief Executive Officer

President/CEO since July 2013, Mr. Aliperti has been pivotal in the reorganization of the Company's business and the creation of new strategic plans which includes the acquisition of the Kirkham Property.

David DuPre, Vice President of Exploration

Mr. DuPre was intimately involved in the discovery of the Eskay Creek mine as project manager while at Keewatin Engineering. Since 1988, he has concentrated his efforts in the Golden Triangle area of Northwestern BC. While President of Firesteel Resources, he acquired the ROK Property (adjacent to the Red-Chris Mine) and the Copper Creek property in the very active Sheslay Camp.

Jon Lever, CPA, CMA, Director and Chief Financial Officer

Been director and/or CFO of several public resource companies in the past 10 years and has extensive experience in senior financial roles.

Michael Sikich, Director and Chairman

Mr. Sikich brings to the Metallis team over two decades of business experience with both privately held and publicly listed companies.

Dr. Dave Webb, Independent Director

Dr. Webb is a Registered Professional Geologist with over 30 years of experience in mineral exploration, development and production in Canada and internationally.

ADVISORY COUNCIL

Lawrence Roulston

Mr. Roulston is a mining professional with over 35 years of diverse hands-on experience. He recently founded WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry. He was a mining analyst and consultant, as well as the editor of “Resource Opportunities”, an independent investment publication focused on the mining industry.

Jeff Kyba, P.Geo.

Mr. Kyba has been directly involved in the mineral exploration industry since 2004. Most recently he spent the past five years as the Regional Geologist for the BC Ministry of Mines responsible for monitoring mineral exploration and mining activity in northwest BC. Mr. Kyba is acknowledged for recognizing the relationship between copper/gold deposits in northwestern BC and the contact between the Triassic-age Stuhini Group and the Jurassic – age Hazelton Group, also known as the “Red Line” has been traced over a 10 km strike-length on Metallis' Kirkham Property.

Stephen Wetherup, BSc., P.Geo.

Mr. Wetherup is a structural and economic geologist with over 20 years of global exploration experience. He has worked for Fox Geological Consultants, Phelps Dodge Corporation of Canada and as a consulting geologist for numerous exploration companies including Freeport-McMoran. He is currently the Vice President Geology with Caracle Creek International Consulting and the Vice-President of Exploration for Commander Resources Ltd.


News Update

On December 1, 2017, Metallis Resources Inc. announced that it has retained mineral exploration specialist Abdul Razique, Ph.D, P.Geo., as chief geologist to oversee and lead the company's expanded programs at its 100-per-cent-owned Kirkham property in the heart of the Eskay camp. Dr. Razique has over 20 years of experience in mineral exploration and mining in Canada and abroad.

On November 3, 2017, Metallis Resources Inc. announced that it has retained Lightfoot Geoscience Inc., owned and operated by Dr. Peter C. Lightfoot, Ph.D, P.Geo. Dr. Lightfoot will be conducting a comprehensive review and interpretation of geochemical, geophysical and geological data collected by Metallis to evaluate the potential for a magmatic nickel-copper sulphide system at Thunder North.


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