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About Metallis Resources

 

Metallis Resources Inc. is a Canadian based Company primarily focused on the exploration of gold, silver and copper on the Kirkham Property situated in the heart of the prolific Golden Triangle in Northern British Columbia.  Metallis Resources Inc is dedicated to bringing shareholder value. Through extensive research, the Company acquired the Kirkham Property which 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.

Metallis is also engaged in the exploration of iron-ore, lead, zinc, diamond and copper on the Mackenzie Mountains Iron Copper Property (“MMICP”) located in the Northwest Territories.

 

 
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Metallis Resources Inc. Press Releases

 

Metallis's sampling in B.C. yields "anomalous results"

Metallis Resources Inc (C:MTS)
Shares Issued 12,991,058
Last Close 1/6/2015 $0.095
Friday January 16 2015 - News Release

Mr. Fiore Aliperti reports

METALLIS RECEIVES RESULTS ON KIRKHAM WORK PROGRAM

Metallis Resources Inc. has received a report summarizing the results of geochemical sampling and geological mapping on the company's Kirkham property in the Golden Triangle of Northern British Columbia, carried out in August, 2014.

The Kirkham property covers 125 km2 within the Unuk River area of northwestern British Columbia. Reconnaissance mineral exploration has identified a number of gold-bearing occurrences on the property. Within 50 km of the Kirkham property, numerous deposits have been identified which host total resources exceeding 100 million ounces of NI 43-101 compliant gold. Examples are Snip, Eskay Creek, KSM, Brucejack and Snowfield.

The objective of the work was to follow up on a coincident conductive and magnetic anomaly (referred to hereafter as the King Anomaly) identified by an airborne geophysical survey completed in 2013. The bedrock geology in the vicinity of the King Anomaly is very poorly exposed due to overburden and thick vegetation. Surface geochemical results directly over the King Anomaly were not anomalous in pathfinder elements of interest, however, silt, soil and rock samples taken from an area approx. 300 m east and in the direction of glacial advance revealed anomalous results for multiple elements (Au, Ag, As, Zn, Pb, Mo). The distribution of anomalous soil geochemistry results at the King Anomaly may be an off-set or transported anomaly due to the regions glacial history and steep topography with abundant slides.

Given the lack of outcrop exposure within the King Anomaly, geological constraints on a possible mineral deposit model are minimal. Based on the exploration results, a VMS model is plausible though a vein-hosted gold deposit such as those at Snip, Scottie Gold, and Johnny Mountain (Intrusion Related Gold-Pyrrhotite Vein Model - B.C. Mineral Deposit Profile No. I01) seems more likely given these observed characteristics:

  • indications of polymetallic enrichment in soils
  • EM anomaly with coincident magnetic trough
  • Well-defined faults and shears control the mineralization. Veins are peripheral to and spatially associated with Early Jurassic porphyritic intrusive rocks which may host porphyry copper mineralization

The typical Intrusion Related Gold-Pyrrhotite vein deposit exhibits gold/silver ratios close to 1:1. Copper may be a recoverable by-product. Typical gold grades are high (10 to 20 g/t). Representative examples in British Columbia include Scottie Gold, Snip, Johnny Mountain, War Eagle, Le Roi, Centre Star. The nearby Snip Mine produced 1,267,642 tonnes of ore containing 1,031,836 ounces of gold during the period from 1991 to 1999.

Metallis plans to follow-up these results with a proposed drill program.

David Dupre (Vice President of Exploration) states that these encouraging results have defined an excellent target that warrants drilling.

Qualified Person

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.

We seek Safe Harbor.

 

 

 

METALLIS RETAINS STAN BUCHALTER AS INVESTOR RELATIONS CONSULTANT

Friday October 31 2014 - News Release

Mr. Fiore Aliperti reports

Metallis Resources Inc. has retained Stan Buchalter of Buchalter Consulting Inc. as an investor relations consultant for the company.

Mr. Buchalter is based in Burlington, Ont., and has worked for a number of years in the junior resource sector with several public companies. The agreement between the company and Mr. Buchalter is for a one-year period.

Mr. Buchalter has also been granted 50,000 options at a price of 15 cents per option. The options will follow the vesting guidelines as set forth by TSX Venture Exchange policy.

"We are pleased to be working with Mr. Buchalter, and look forward to a long and successful relationship," stated Fiore Aliperti, president and chief executive officer of Metallis Resources. The company received TSX-V approval on Oct. 30, 2014.

 

 

 

METALLIS RESOURCES INC. CLOSES 1ST TRANCHE OF PRIVATE PLACEMENT

May 1st, 2014

Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Private Placement”), pursuant to which it has issued 1,340,769 shares of the Corporation at a price of $0.13 per share for aggregate gross proceeds of $174,300.

 The securities issued under the private placement will be subject to a hold period expiring on August 30, 2014 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange. Nor will any finder’s fees be paid for these amounts.

 Proceeds of the Private Placement will be used to fund exploration of the Company’s Kirkham Property and for general corporate purposes.

On behalf of the Board of Directors:

“Fiore Aliperti”

 Chief Executive Officer, President and Director