The 100%-owned Kirkham Property (the 'Property') is in the prolific
Link The Program was designed to better understand the controls on mineralization and infilling some substantial gaps in the geologic model. Building on the success of the 2018 drilling campaign at the
All three holes intersected significant mineralization, highlighted by KH19-30, which returned 126.5m @ 0.52 g/t gold equivalent associated with the core potassic altered porphyry. Higher grade gold intercepts, as in KH19-28, correlates with intense silicification and massive sulphide veins along syn-mineral tensional faults, identified as future exploration targets (Click here to view long section). The intensity of alteration, veins and chalcopyrite-pyrite ratios increases with depth. This pattern vectors towards a deeper, high temperature potassic core to be tested in future exploration programs. The 2019 results, together with previous results, are tabulated below.
The Cliff results demonstrate the continuity of Cu-Au Porphyry mineralization for at least 1.8km. The mineralization remains open in most directions, with potential along strike to the north. Two mineralized holes drilled by a previous operator, extend the
The geological characteristics, metallogeny and copper-gold grades of the Cliff porphyry system are like several porphyry copper-gold deposits in
Metallis' Chief Geologist, Dr. Razique added 'The structural traps with focused fluid flow along syn-mineral tensional faults host some of the unusually high-grade gold mineralization in the Cliff zone, this will be targeted in future exploration programs.'
Dr.
In 2020, Metallis plans to expand the known higher-grade zones at Cliff and to evaluate targets generated by our PVFT studies.
QAQC Procedure
About the Kirkham Property
The 106 sq. km Kirkham Property totals 10,610 Hectares and is located about 65 km north of
The northern border of Kirkham is contiguous to
About Metallis
Contact:
Tel: 604-688-5077
Email: info@metallisresources.com
Web: www.metallisresources.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
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 as a result 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.
(C) 2020 Electronic News Publishing, source