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Metallis Resources Launches 2019 Exploration Season at Kirkham Property

Mining News - Published on Fri, 12 Jul 2019

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Metallis Resources Inc announced the commencement of its Phase 1 Exploration Program at its 100%-owned Kirkham Property. The Property is prospective for multiple deposit types and is located in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia. The 2019 exploration season which started on June 30th, represents the most ambitious yet for Metallis with the largest and most experienced geological team to date now working on the Property. Building from 2018 s successful exploration and drilling programs, the property-wide Program can be extended if deemed necessary.

The Program has been designed to:

Delineate more high-grade epithermal gold veins - found commonly near the periphery of the intrusive rocks

Discover nickel-rich massive sulphides like those found just to the north on Garibaldi Resources' Nickel Mountain Property

Locate high-grade porphyry copper/gold mineralization within the Hawilson Monzonite and evaluate the large geophysical/geochemical anomalies that bear a distinct resemblance to signatures over known porphyry copper/gold deposits.

Highlights:

a) Recent 3D geological modeling has indicated that
1. The zone containing high-grade gold epithermal veins discovered in 2018 at the Cole target can now be traced along the North-East trending faults between King and Terwilligen creeks, for approximately 2km
2.The Cliff-Nina corridor is centered within an eastward dipping (50°) graben structure, indicating that there is additional high-grade porphyry copper/gold potential to the east and that the potassic cores of the system are at deeper levels than most of the previous drill holes.

b) Following the earlier confirmation of the presence of olivine gabbros at Thunder North through petrographic work, Dr. Peter Lightfoot will be spending five days at the Property during the current program to further evaluate the nickel potential of the Kirkham Property.

c) Multiple, NE-trending, magnetic lineaments along normal faults correlating with a strong geochemical signature of anomalous gold, copper and molybdenite has highlighted an apparently deeper porphyry copper-gold system at the King East Target which the company intends to test in the upcoming 2019 program.

Source :

Posted By : Sanju Moirangthem on Fri, 12 Jul 2019
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