Metallis Resources Inc.

03:20 PM EST - Metallis Resources Inc. : Announced the commencement of its 2021 drill program at its 100%-owned Kirkham Property. The Property is situated in the prolific Eskay Camp of the Golden Triangle in northwestern British Columbia , a district known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits and Pretium's producing Brucejack gold mine. An initial 8,000m drill program has begun – with a focus on the Cliff-Miles porphyry corridor that forms a 4 km section of the Hawilson Monzonite ("HM"), a 7.5 km long porphyritic intrusion on the property. The Program will target two types of mineralization. The first holes ( Click Here to View Map ) are intended to test for higher grade copper and gold mineralization beneath previous drill hole intersections. The other target in the Miles Zone is the large gold-bearing overprinted siliceous zones and quartz-carbonate-sulphide veins that are coincident with a prominent IP resistivity-high and a strong gold-in-soil geochemical anomaly. Preliminary results from the recently completed property wide ZTEM survey, along with drill core re-logging and ground truthing work over the last two weeks, has helped support the geological team with confirming optimal drill collar locations. Metallis Resources Inc. shares V.MTS are trading unchanged at $0.43.

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