10:04 AM EST - Metallis Resources Inc. : Announced the completion of a high-resolution induced polarization survey on the Company's 100%-owned Kirkham Property. The Property is situated in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia , a district well-known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits and Pretium's producing Brucejack gold mine. The Company re-engaged Scott Geophysics to carry out an additional IP Survey at the Property to build on the favorable results from last year's geophysics program. The 26.4 line-km Survey covered the highest priority Cliff and Miles prospects. Due to abnormally difficult weather conditions, other prospective targets including Cole, Rhyolite Ridge and Mount Dunn are expected to be surveyed early next spring. Most importantly, two of the lines covered the northern extension of the IP resistivity "high" that was identified last year. Additionally, two N – S oriented lines were done over the entire Miles prospect. These will assist the line-to-line correlation of the IP results. Metallis Resources Inc.
shares V.MTS are trading unchanged at $0.26.
