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.
The Kirkham Property is located within the prolific Golden Triangle of northern British Columbia, about 65km from Stewart. It is situated 20 km southwest of Barrick Gold Corp’s Eskay Creek Mine and about 40km from Pretium Exploration’s Brucejack deposit.
The property was acquired on the basis of the following factors:
Large (10,600 hectares) prospective property, with multiple gold and silver showings (+Cu, Pb, Zn);
30 mineral claims;
In a politically stable jurisdiction;
Close to existing transportation and energy infrastructure which is being upgraded to accommodate resource development activities and approximately 50 kilometers from the Port of Stewart
Proximate to the world-class, high grade Eskay Creek gold-silver VMS Mine deposit, which produced more than 3 million ounces of gold (@48.4g/t) and more than 160 million ounces of silver (2221g/t). Its value at today’s metal prices is more than $7 billion. Annual production for Eskay Creek was 320,784 ounces of gold and 15.5 million ounces of silver, making it the 5th largest silver producer in the world during its operation.
Nearby Seabridge’s (SEA-TSX) KSM gold-copper project and Pretium’s (PVG-TSX) Brucejack and Snowfield gold projects.
Many parts of British Columbia are highly prospective for minerals, but one region stands out – an area in the northwestern portion of the province referred to as the Golden Triangle. Having already delivered millions of ounces of gold and tens of millions of ounces of silver, this region ranks as one of the world’s richest precious metal belts. Yet, production, to date, represents only a tiny fraction of the mineral potential known to exist in the Golden Triangle area.
During the 1960s and 1970s, an enormous amount of exploration work carried out by the majors outlined numerous large precious and base metal deposits. For a host of reasons, the area went quiet at the end of the 1970s, before those mines could be developed.
The 1980s saw a resurgence of exploration in the Golden Triangle with a focus on gold and silver. This time, junior exploration companies drove exploration efforts. The Eskay Creek Mine was discovered in 1988 and, in short order, became the fifth largest silver mine in the world, turning out 15 million ounces annually for much of its 14-year mine life.
“Most metal deposits are derived from hydrothermal systems. That is, superheated water, circulating kilometers deep in the crust, gathers metal atoms and then deposits them in particular zones, creating concentrations of metals. Typically, such a system would remain active for hundreds of thousands of years to as much as perhaps a couple of million years. For reasons not yet well understood, the hydrothermal processes in the Golden Triangle were active for much longer, in some areas for perhaps 10 million years. Few areas on the planet have seen such long-lived geological conditions.Read More