Mr. Fiore Aliperti reports:
Vancouver, BC: Metallis Resources Inc. (the “Company”) is pleased to announce the commencement of a work program for the Company’s Kirkham Property (the “Property”) in northern British Columbia.
The Company has contracted Equity Exploration Consultants Ltd. (“Equity”) to oversee the first phase of the exploration program on the property, which will consist of an airborne geophysical survey over the portions of the property deemed most prospective as a result of regional and local data compilation efforts. The primary exploration targets on the property are high grade precious metal veins; Eskay Creek- type stratiform mineralization and porphyry copper-gold deposits similar to the Red-Chris deposit.
Equity has sub-contracted Geotech Ltd., (“Geotech”) to conduct a VTEM/magnetic/radiometric survey over a targeted portion of the Kirkham Property. The airborne survey will cover 50 km2 of the property at 250 metre line spacing. The VTEM component of the survey is useful for delineating conductors (veins, massive sulphide lenses etc.) down to ~400m below surface. VTEM also generates an apparent resistivity constituent, which assists with lithological and alteration mapping. Magnetics are useful for delineating structures and intrusions which are associated with porphyry copper-gold deposits of the Stikine Arch. Radiometrics may show potassic alteration which is associated with some mineralized occurrences.
The Company would also like to announce that the Property has been expanded through the successful staking of an additional 1,000 hectares of land adjacent to the existing Kirkham claims. The airborne geophysical survey will cover the additional claims, which were recently staked to cover previously identified geochemical anomalies.
The Kirkham Property now covers approximately 12,345 hectares of land in northern British Columbia. It is located about 65 km north of Stewart, 20 km southwest of Barrick’s Gold Corp’s past-producing Eskay Creek Mine and about 40 km from Pretium Resources’ Brucejack deposit.
Technical aspects of this news release related to the airborne geophysical survey have been reviewed and approved by Henry J. Awmack, P.Eng. of Equity Exploration Consultants Ltd., 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.