Mr. Fiore Aliperti reports:
Vancouver, BC: Metallis Resources Inc.(the “Company” or “Metallis Resources”) is pleased to announce the completion of an airborne geophysical survey over its Kirkham Property (the “Property”), situated in the prolific Golden Triangle area of northern British Columbia.
The VTEM/magnetic/radiometric survey, which was conducted by Geotech Ltd., covered 57km2 of the Property at 200-metre line spacing. Metallis Resources expects to receive final survey results from Geotech in the next month, at which time the Company will disclose this information. The Company will use final data to guide a ground exploration program, which is expected to include geological mapping, surface sampling and an Induced Polarization (IP) Survey. The primary exploration targets on the property are potential high grade precious metal veins; Eskay Creek- type stratiform mineralization and porphyry copper-gold deposits similar to the Red-Chris deposit.
The Kirkham property covers approximately 12,415.58 hectares of land in northern British Columbia. It is located about 65 kilometres north of Stewart, 20 km southwest of Barrick Gold Corp.’s past-producing Eskay Creek mine and about 40 km from Pretium Resources’ Brucejack deposit. According to Pretium’s June 26, 2013 news release, the Brucejack Project has proven and probable mineral reserves of 7.3 million ounces of gold (19.0 million tonnes grading 12.0 grams per tonne gold) and is currently in the underground bulk sampling stage.
About Geotech Ltd.
Geotech has conducted airborne electromagnetic geophysical surveys, over six continents, for more than three decades using proprietary technology and has a long history of notable innovations. Innovation is the secret to Geotech’s sustainability, making Geotech the longest running company to offer airborne electromagnetic surveying, worldwide. In the last decade, Geotech introduced to the world the first helicopter-borne time domain EM system. The VTEM system, with its superior S/N ratio, is still the industry standard, able to detect deep conductors that are “lost” in the noise of other TEM systems.
Technical aspects of this news release have been reviewed and approved by Henry J. Awmack, P.Eng., and a consultant to the company, designated as a qualified person under National Instrument 43-101.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information please contact: Fiore Aliperti, Telephone: (604) 569-1236
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.