1 1 Cautionary Statement Certain statements herein may contain - - PowerPoint PPT Presentation

April, 2011

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Cautionary Statement

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimate of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. results, performance or achievements expressed or implied by such forward-looking information. Such risks include metal price volatility, change in equity markets, the uncertainties involved in interpreting geological data, permitting and environmental, increase in costs and exchange rate fluctuations and other risks involved in the exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or

• information. Also, many of the factors are beyond the control of Metallis Resources Inc. Accordingly,

readers should not place undue reliance on forward-looking information. All forward-looking information here in are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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Metallis Resources Inc. Share Structure

MTS: TSX Venture

Issued and Outstanding Shares: 14,501,058* Options: Expiry date: Price (CAD$): Quantity August 15, 2016 $1.75 52,857 September 15, 2015 $0.10 700,000 February 12, 2016 $0.15 200,000 August 25, 2016 $0.15 295,000 Warrants August 21, 2016 $0.20 234,134 March 2, 2017 $0.20 530,000 September 16, 2017 $0.085 450,000 Total Fully Diluted Shares Outstanding: 16,963,049*

*(as of September 16, 2015)

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Director, President and CEO

Fiore Aliperti

• Negotiated acquisition of the Kirkham Property and Mt Dunn Property
• In July 2013, appointed President and CEO of Metallis Resources
• Appointed to the Board in February 2012
• In 2011 managed the Italian subsidiary’s subcontractors and was the corporate contact on all Italian

matters; Negotiated and arranged property exploration activities

• In July 2010 joined Coltstar Ventures Inc. to consult in corporate development

Board and Management

• In July 2010 joined Coltstar Ventures Inc. to consult in corporate development
• Managerial and Marketing professional with a 25 year record of achievement in the private sector

Director and CFO

Jon Lever

• CPA, CMA
• CFO of Finavera Wind Energy for the past 7 years
• Been director and/or CFO of several public resource companies in the past 10 years.
• Extensive experience in senior financial roles
• Appointed Director of Metallis and then CFO to assist with the Company’s restructuring in

2012/2013

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Director and Chairman

Michael Sikich

• Brings over two decades of business experience in both private enterprise and public companies to

the Metallis team

• Owner of real estate company currently employing over 150 people with sales of several hundred

million dollars annually

• Strength in business management and execution of critical paths and business plans

Board and Management

Director – Independent

• Dr. Dave Webb
• Dr. Webb is a Registered Professional Geologist with over 30 years of experience in mineral

exploration, development and production in Canada and internationally

• He holds a B.Sc. in engineering from the University of Toronto, a M.Sc. in Geological Sciences from

Queen’s University and a Ph.D. in Geological Sciences from the University of Western Ontario

• During his tenures as president of both public and private companies, projects have been developed

from pre-discovery to production. During this period companies under Dr. Webb’s management have raised over $70 million in development funds

• As a consultant, he co-authored a Qualifying Report recommending the acquisition of an exploration

property which has now been developed into Fortune Mineral’s Nico Project, NWT, a gold, cobalt IOCG deposit hosting the world’s largest reserves of bismuth, currently in permitting

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Board and Management

Vice President of Exploration

David DuPre

• David DuPre is a professional geologist with over 45 years of experience in mineral and petroleum

exploration, major project management and corporate administration of public companies

• Mr. DuPre has worked and collaborated with both major and junior mining companies in projects

spanning North and South America, Europe, Africa and Asia

• Mr. DuPre brings a disciplined scientific approach to mineral exploration using his excellent

managerial skills

• Since 1988, he has concentrated his efforts in the “Golden Triangle” area of Northwestern British

Columbia

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Columbia

• While President of Firesteel Resources, he acquired the ROK Property (adjacent to the Red-Chris

Mine) and the Copper Creek property in the very active Sheslay Camp

• He was intimately involved in the discovery of the Eskay Creek mine as project manager while at

Keewatin Engineering – a major Mining Consultancy that he co-founded

Corporate Secretary

Sameen Sheikh

• Joined Metallis in March 2012
• Brings nine years of public company experience to the company
• Previously served as a director in a public company and as Corporate Secretary in several

Canadian publicly listed companies

Advisory Council

Member

Lawrence Roulston

• Mr. Roulston is a mining analyst and past mining company executive with more than 35 years of

resource industry experience.

• Since 1998, he has been a mining analyst and consultant, as well as the editor of Resource

Opportunities, an independent investment publication focused on the mining industry.

• Mr. Roulston holds a BSc in geology, and has additional training in engineering and business from

the University of British Columbia.

• He began his mining career as an analyst with a major mining company, and then went on to

management positions with mid-tier and junior resource companies, including the CEO role of an

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management positions with mid-tier and junior resource companies, including the CEO role of an exploration company.

• He has had direct contact with hundreds of exploration and mining projects in 40 countries around

the world.

• His experience includes managing the re-development of a mining operation in northwest BC and
• verseeing exploration projects in the Golden Triangle area of BC.

Rationale for Acquisition

• Many parts of British Columbia are highly prospective for minerals, but one

region stands out - an area in the northwestern referred to as the Golden Triangle.

• One of the richest mineral belts in the world.

Golden Triangle

• Produced enormous precious and base metal wealth over the past

century.

• Having already delivered millions of ounces of gold and tens of millions of
• unces of silver, the region ranks as an important mineral district.
• Represents only a tiny fraction of the metal now known to be hosted in

the district. 8

1960’s -1970’s

• Enormous amount of exploration

work

• utlined

numerous large precious and base metal deposits.

• The area went quiet at the end of

the 1970s, before those mines could be developed. 1980’s

• A resurgence of exploration in the

Golden Triangle with a focus on gold and silver. gold and silver.

• Exploration efforts were driven by

junior exploration companies.

• Eskay Creek Mine discovered in

1988 and became the fifth largest silver mine in the world,

• 15

million

• unces

annually for much of its 14-year mine life.

The resulting staking rush saw the district broken into thousands of small claims, with numerous companies each pursuing targets within the bounds of their property. 9

Kirkham Project Regional Property Map

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The Kirkham Property

• Located within the prolific Golden Triangle of northern British

Columbia, approximately 65km from Stewart.

• 33 mineral claims covering over 11,600 hectares.
• Approximately 20 km southwest of Barrick Gold Corp’s Eskay

Creek Mine and 40km from Pretium Exploration’s Brucejack deposit.

• Property originally assembled by the late Dr. Rodney Kirkham,

a distinguished geologist who was a renowned copper deposit expert with the Geological Survey of Canada. He spent many years studying the base and precious metal deposits of The years studying the base and precious metal deposits of The Golden Triangle.

• Metallis purchased The Kirkham Property July, 2013 and

further expanded the property by acquiring The Mt. Dunn Property in December 2013.

• In February 2014 Metallis staked an additional claim of 536
• hectares. This new claim covers an area upstream from several
• f the highest (98th percentile) gold-in-silt samples.
• In June 2014 Metallis further acquired an additional 2 claims

known as the Achiles and King Creek claims which were situated within the existing Kirkham Property. A heavy mineral sample collected at the mouth of a stream that drains the new claims returned a gold assay of 3847 ppb - one of the highest recorded from the Golden Triangle. The purchase of these claims is part of our strategic plan to acquire more prospective ground in the heart of BC's Golden Triangle.

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• Dr. Kirkham methodically assembled a large

land package in the central part of the Golden Triangle

• Based selection on a regional, evolving

geological concept

• Very little exploration carried out below the

tree-line.

• Outstanding potential for commercial

mineralization. mineralization.

• Metallis, guided by the regional features, will

use geophysics and other tools to probe untested areas.

• Recent example of this approach is the

discovery of phenomenal concentrations of gold at Pretium’s Valley of the Kings deposit

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Regional Geology

The Kirkham Property was assembled by Metallis for its potential to host a wide variety of precious and base metal deposits, most of which have close spatial and genetic links with Early Jurassic magmatism. Deposit styles reflect an assortment of depositional environments including:

• Veins: Snip, Silbak-Premier, Red Mountain, Brucejack and Scottie
• Alkaline porphyry copper/gold deposits (shear/vein gold/silver deposits

(ie. Snip, Brucejack, KSM, etc). (ie. Snip, Brucejack, KSM, etc).

• Volcanogenic Massive Sulphides: Eskay Creek

A compilation of the archived exploration reports and recent government geological mapping shows that the property displays numerous showings, geochemical and geophysical anomalies, alteration zones and permissive geological features. In July of 2013, Metallis recently carried out an 50 km2 airborne EM/Mag/Spec survey over a part of the property. This survey outlined numerous targets worthy of follow up. 13

Compilation Maps of The Kirkham Property

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• Several broad anomalous zones are observed. In general they follow

magnetic trends and are commonly associated with local magnetic

• anomalies. There is a good correlation between the distribution of EM

anomalies and Th/K ratio anomalies.

• The isolated anomalies could correspond to the volcanogenic massive

sulphide (Eskay Creek –type) or the shear/vein (Snip Mine-type) exploration models. The large anomalies could be related to porphyry copper/gold systems (i.e. Red-Chris, Galore Creek, and Mt. Milligan).

• A localized EM and magnetic response occurs on two lines near the

base of a steep north facing slope. This response is particularly interesting since geochemical sampling downslope generated anomalous Cu/Zn/Au/As values. The combined geochemical and

2013 AEM Survey Results

70 ppb Au anomalous Cu/Zn/Au/As values. The combined geochemical and geophysical response is interpreted as a possible gold bearing massive sulphide target.

• A broad 2 km sized coincident 100nT magnetic high and low resistivity

zone occurs in the north central part of the survey area. The low resistivity zone is interpreted to be caused by alteration and possibly sulphide mineralization. The broad magnetic anomaly is interpreted to be the expression of an intrusive body which could be the source for the mineralization discovered to date. A weak Thorium/Potassium ratio high also coincides with the zone, suggesting a dioritic intrusion.

• One of the major coincident TEM/MAG/Radiometric anomalies is

correlated with the known distribution of the Hawlison monzonite.

• At the south end of the above mentioned quartz monzonitic intrusive, a

zone of increased EM response, again associated with a mag low,

• ccurs on the west side of the mapped intrusive, and in the vicinity of

mineralized showings. A limited amount of drilling and trenching has identified copper and gold mineralization occuring over a 3.5 kilometer- long section of this intrusion. 120 ppb Au

98th Percentile Gold (ppb)

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• Directly

west

• f

the 2km sized mag/resistivity anomaly mentioned above, a localized EM and magnetic response occurs on two lines near the base of a steep north facing slope. This response is particularly interesting since geochemical sampling downslope generated anomalous Cu/Zn/Au/As

• values. The directly associated negative 300nT

response suggests remanence magnetism from a body emplaced at a time when the earth’s field was reversed.

King Anomaly

• Modeling of the VTEM electromagnetic response

suggests a 15 Siemen, west dipping, approx. 300M target at a shallow depth of about 40M. The combined geochemical and geophysical response is interpreted as a possible gold bearing massive sulphide target. It occurs about 200M west of the Hawlison monzonite. This target is about 20kms southwest of Barrick Gold’s Eskay Creek mine.

• The isolated conductors have not been tested to

date and represent very attractive targets suitable for follow-up. In several cases, these conductors are related to silt and soil geochemical anomalies or prospective rock-types such as rhyolites.

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The base and precious metal deposits reflect a variety of depositional environments, including Au-Cu+/-Mo porphyry, precious metal-rich polymetallic veins and Au/Ag-rich volcanogenic massive sulphides. Within 50 kilometers of the Kirkham property, the mineral endowment exceeds 100 million ounces of gold in N.I. compliant resources and historical production, as summarized in the table below. www.metallisresources.com

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2015 Exploration Program

The geology of the South Hawlison Target comprises a Cu-Au bearing monzonitic porphyry of probable Early Jurassic age, analogous to similar mineralized intrusions that form the Kerr-Sulphurets-Mitchell Cu-Au deposits (Seabridge Gold), located approximately 22 km to the east. The Mt. Dunn porphyry is a north-south striking, steeply dipping monzonitic dike which intrudes sedimentary rocks and mafic/intermediate volcanic rocks of the Hazelton Group. The Porphyry exhibits variable QSP alteration and Cu-Au mineralization throughout.and is present at significant levels at low elevations immediately north of Fewright Creek. Drilling significant levels at low elevations immediately north of Fewright Creek. Drilling conducted on the property in 2009 by Pembrook Mining Corp. Corroborated the increasing grade with depth. The 2015 work on the South Hawlison Porphyry target is designed to test the hypothesis that Cu-Au grades within the monzonite porphyry dike increased with

• depth. Further evaluation of Cu-Au porphyry mineralization in the Fewright Creek

area is warranted in the form of additional bedrock chip sampling/geological

• mapping. Additional fieldwork can be conducted to the east of Gossan Creek in
• rder to constrain the dimensions of the Mt. Dunn dike and associated Cu-Au

mineralization. 18

www.metallisresources.com

DDH From To Metres Cu % Au g/t MD09-01 3.04 334.67 331.63 0.129 0.179 including 242.00 334.67 92.67 0.217 0.277 including 242.00 288.00 46.00 0.254 0.311 MD09-02 12.19 301.00 288.81 0.118 0.140 including 100.00 118.00 18.00 0.221 0.200 MD09-03 7.32 343.82 336.50 0.051 0.125 including 42.00 53.00 11.00 0.169 0.557 MD09-04 19.52 94.00 74.48 0.102 0.110

South Hawlison Target

MD09-05 9.15 301.40 292.25 0.053 0.201 including 217.00 229.00 12.00 0.052 0.596 and 261.00 272.00 11.00 0.016 0.616

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SAMPLE ID Au Ag Cu

ppb ppm ppm

1 0.054 1.6 1430 2 0.146 1.2 1560 3 0.234 1.9 1730 4 0.100 1.1 1145 5 0.160 1.4 1478 6 0.406 1.9 1680 7 0.835 2.9 2510 8 0.847 3.8 3390 9 0.279 1.3 3580 10 0.363 5.1 1490

Assay Table

11 0.190 1.1 1915 12 1.335 3.4 5480 13 0.392 1.8 3150 14 0.810 2.6 5740 15 4.326 12.0 18602 16 0.157 1.9 2330 17 1.483 4.8 7574 18 0.204 0.4 525 19 0.031 0.5 727 20 0.512 2.0 4543 21 0.677 1.2 10539 22 1.217 1.2 1686 23 0.827 2.8 4439 24 1.076 4 5717

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April, 2011 515-850 West Hastings Street, Vancouver, British Columbia, Canada V6C 1E1 P: (604) 688.5077 F: (604) 688.5017 E: info@metallisresources.com

MTS: TSX.V www.metallisresources.com