- A targeted and cost-efficient drill program of ~3000 m focused on the South
Cliff Area ; - Re-logging of select holes and drill-core intervals including specific gravity and magnetic susceptibility to help expand upon and test the geologic model;
- Differential GPS surveying to accurately position all previous drill holes;
- Field mapping focused on outlining the dimensions of the porphyry intrusions, alteration zones, structures, and morphology of the Cliff-Miles porphyry copper-gold system; and
- Soil sampling, rock sampling, and selective prospecting over ZTEM™ features that display a signature similar to those associated with the graben at Cliff-Miles (Click Here to
View ZTEM News ) and other areas of interest.
The highest Copper ("Cu") and Gold ("Au") grades of the Cliff-Miles trend are hosted by the mineralized Medium-Grained Porphyry (or "MP"), for which the geometry has been determined in a recently developed 3-dimensional (or "3D") geological model (Click Here to
Table 1 Significant Drill Intersections in | ||||||
DDH_ID | From (m) | To (m) | Length (m) | Au (g/t) | Cu (%) | AuEq* |
KH17-08 including | 33.0 108.0 | 178.8 176.0 | 145.8 68.0 | 0.34 0.52 | 0.22 0.30 | 0.71 1.03 |
KH18-16 including | 6.7 78.0 | 148.0 114.0 | 141.3 36.0 | 0.40 0.64 | 0.23 0.30 | 0.75 1.09 |
KH19-28 | 2.4 | 59.9 | 57.5 | 0.31 | 0.14 | 0.51 |
KH19-30 | 34.5 | 161.0 | 126.5 | 0.24 | 0.19 | 0.51 |
*Gold Equivalent Formula: Au g/t+(Cu%*1.27) Metal Prices Used: Gold -
The 2022 drilling program has been designed to test for high-grade depth extensions of the MP with a focus on the South Cliff area of the Cliff-Miles trend (Click Here to View Figure 1.). The Program will utilize multi-hole drill pads, this is achieved by rotating the drill in the desired direction offering the potential to drill six holes off a single pad. This approach will enable Metallis to achieve efficiencies in both time and effort, whilst keeping a tight control on budget.
Following the successful completion of the drill program, the company anticipates step out holes within the immediate 300 m area to the north as its next focus. The goal of the Company in the near future is to demonstrate the true scale and grade of the system.
The wholly owned, 106 sq. km Kirkham Property is located about 65 km north of
The Kirkham Property is contiguous to Garibaldi Resources Corp.'s
Metallis trades under the symbols MTS on the
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President and Director
This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements because of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Neither
SOURCE
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