GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN - - PowerPoint PPT Presentation
GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN - - PowerPoint PPT Presentation
GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN TRIANGLE TSX.V : MTS | OTCQB : MTLFF CAUTIONARY STATEMENT Certain statements herein may contain forward-looking information within the meaning of applicable securities laws.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
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. 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. Technical aspects on this presentation have been reviewed and approved by the Company’s Vice President of Exploration, David Dupre P.GEO designated as a Qualified Person under National Instrument 43-101.
CAUTIONARY STATEMENT
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
METALLIS RESOURCES INC AN OPPORTUNITY IN HIGHLIGHTS
- Metallis Resources Inc. is duel listed on both the TSX.V (“MTS”) & OTCQB (“MTLFF”)
- Highly experienced Exploration & Technical Team with a history of discoveries both globally
and within in the Golden Triangle.
- Tight share structure & market cap a fraction of most companies in the region.
- $3.2Million in the bank with a burn rate of ~$50k per month means well financed for 2019
- ~12% Management ownership, without a single share sold in 7 years (options included)
SHARE STRUCTURE
(As of October 26, 2018)
ISSUED AND OUTSTANDING
32,986,079
OPTIONS
3,085,000
WARRANTS
3,713,744
FULLY DILUTED
39,784,823 MARKET CAP OF NEIGHBORING COMPANIES
(As of October 26, 2018)
MTS: CA$23 Million
Garibaldi Resources: CA$155.91 Million GT Gold Corp: CA$153.56 Million Seabridge Gold Inc: CA$1.12 Billion Pretium Resources Inc: CA$2.01 Billion
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
BOARD AND MANAGEMENT
Director, President and CEO - Fiore Aliperti President/CEO since July 2013, Mr. Aliperti has been pivotal in the reorganization of the Company’s business and the creation of new strategic plans which includes the acquisition of the Kirkham Property. Vice President of Exploration - David DuPre
- Mr. Dupre 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. Since 1988, he has concentrated his efforts in the Golden Triangle area of Northwestern BC. 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. Director and CFO - Jon Lever CPA, CMA Been director and/or CFO of several public resource companies in the past 10 years and has extensive experience in senior financial roles. 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. Director and Chairman - Michael Sikich
- Mr. Sikich brings to the Metallis team over two
decades of business experience with both privately held and publicly listed companies. Corporate Secretary – Sameen Oates Mrs Oates brings twelve years of public company experience to the company, in which she has served in as various capacities with several Canadian publicly listed companies that
- perate in various sectors, including in the
resource sector.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
EXPLORATION TEAM
Razique Abdul
- Dr. Razique is a porphyry specialist, who brings over 20 years’ international experience in the exploration and mining
- industry. He worked with BHP and Barrick-Antofagasta Minerals J.V. He obtained his PhD. from the University of
British Columbia in 2013 and has worked as consultant in the Golden Triangle for both Garibaldi Resources and Evrim
- Resources. He also served with Antofagasta Plc in both Canada and the United States and was a key member of the
exploration team that discovered the Reko Diq cluster; one of the world’s largest porphyry Cu-Au (Mo) deposits in western Pakistan. Dr. Razique recently joined Metallis Resources as Chief Geologist to oversee and lead the Company’s expanded programs at Kirkham property in the Eskay Camp, Northwest British Columbia. Stephen Wetherup
- Mr. Wetherup is a structural and economic geologist with over 20 years of global exploration experience. He has
worked for Fox Geological Consultants, Phelps Dodge Corporation of Canada and as a consulting geologist for numerous exploration companies including Freeport-McMoran. He is currently the Vice President Geology with Caracle Creek International Consulting and serves as the Vice-President of Exploration for Commander Resources Ltd. Carl Ryan Mr Ryan Graduated from UBC with a specialization in structural geology. Carl joined the Metallis Geological team in 2018 after previously working in the field with Evrim Resources on their Ball Creek project within the Golden Triangle. Max Estaris
- Mr. Estaris led a project team to the discovery of two Porphyry Copper-Gold deposits in the Philippines, the
Boyongan and the Bayugo porphyry Cu-Au deposits. He has more than 25 years of progressive experience in exploration for gold and base metals in the Philippines, Indonesia, Papua New Guinea and Canada as well as 6 years
- f experience in underground gold operations in the Philippines.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
KIRKHAM PROPERTY IN THE HEART OF THE GOLDEN TRIANGLE
- 106km2 land package assembled, over several
years, by renowned copper-gold expert Rodney Kirkham.
- 100% owned
- Within a highly fertile region, home to mines
and advanced exploration projects collectively worth billions of dollars.
- Favourable geology with a wide range of
mineral deposits: porphyry, magmatic sulphides, shear vein, epithermal and VMS.
- Geological environment at Kirkham property
identified all above mineral deposit types.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
Tectonic Environment
- Intra-Oceanic Island Arcs
- Trans-tensional Eskay Rift
Geology (Triassic – Jurassic)
- Mafic-ultra mafic complexes
- Hazelton Formation
- Texas Creek suite porphyry
- Stuhini Formation
Metallogeny
- VMS & Carbonate replacement
- Magmatic Ni-Cu (PGE)
- Shear vein Au
- Epithermal Au-Ag
- Porphyry - Cu-Au
BRITISH COLUMBIA’S GOLDEN TRIANGLE
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
KIRKHAM PROPERTY IN THE COMPANY OF GIANTS
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
UPDATED EXPLORATION MODEL THE “RED LINE” AND PORPHYRY ENVIRONMENT
- The “Red Line”, a key
marker horizon for copper-gold mineralization, can be traced over a 10km strike-length on the Kirkham Property.
- Most copper-gold
deposits within the Golden Triangle are found within 2km of this contact.
- The Kirkham claims host
Porphyry Cu-Au, Shear vein Au and magmatic Ni-Cu systems
Courtesy of Visual Capitalist for Skeena Resources and IDM Mining.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
KIRKHAM GEOLOGY AND ALTERATION
- Triassic – Jurassic “Red-Line”
- Shear vein Au mineralization
- Hawilson Porphyry System
- Epithermal sheeted veins
- Eskay Rift and structural trend (VMS)
- Mafic rocks (Magmatic Ni-Cu)
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLIFF Cu/Au Porphyry NINA Cu/Au Porphyry KING EAST Cu/Au Porphyry COLE Cu/Au Porphyry NATT VMS/Shear Vein Au ETTA Epithermal THUNDER SOUTH Magmatic Ni/Cu THUNDER NORTH Magmatic Ni/Cu
MULTIPLE TARGETS MULTIPLE DEPOSIT TYPES
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
TARGET DEPOSIT TYPE/ COMMODITIES METHOD(S) OF IDENTIFICATION SCALE OF THE SYSTEM/DEPOSIT ANALOGOUS DEPOSIT(S) EXPLORATION COMPLETED 2019 EXPLORATION PLANNED
Cliff
Cu-Au Porphyry Historical drilling and rock-chip sampling 3000 x 300 x 1000m Porphyry system Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Mapping, rock-chip sampling and drilling. Assays on MTS Website Mapping, sampling and
- drilling. Petrography,
geochronology and Ground IP
Nina
Cu-Au Porphyry Surface mapping, rock and soil Sampling 500 x 200 x 1000m Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Mapping, rock-chip sampling and drilling. Assays pending. Structural analysis of Hawilson Monzonite, step
- ut drilling to the North
King E
Cu-Au Porphyry/VMS Field mapping, geophysical VTEM & soil anomalies ~1500m2 coincident resistivity & mag Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Technical review, Mapping, VTEM Mapping, sampling and Targeting drill locations
Cole
Cu-Au Porphyry Field mapping & sampling 500 x 600 x 400m - Alteration System Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Rock-chip sampling, mapping and drilling. Assays pending. Sampling, Mapping, Continued drilling
Natt
VMS / Shear vein Au Field mapping & rock-soil anomalies 200 x 200 x 400m - soil anomalies Eskay / Snip gold mine Technical review and exploration targeting Mapping and sampling
Etta
Epithermal Field mapping & rock-soil anomalies 200 x 200 x 400m - soil anomalies Pretivm’s Brucejack deposit Technical review and exploration targeting Mapping, Channel sampling, rock chip sampling
Thunder N Thunder S
Magmatic Ni-Cu Mapping gabbros, alteration and structures/ VTEM 200 x 150 x 400m - Gabbroic units Carajas belt, Brazil and Ailoshan Red-River, Yunnan-China, Voisey Bay 141 Mt @ 1.6% Ni Technical review, VTEM and drilling. Assays pending. Mapping and sampling program, petrography, technical reviews, drilling
MULTIPLE TARGETS MULTIPLE DEPOSIT TYPES
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
SUMMER 2018 EXPLORATION PROGRAM
- Phase 1 (June)
- Geological mapping
- Rock Chip Sampling
- Soil Sampling
- Drill collar finalizing
- Phase 2 (July-October)
- 5000 meter drill program completed
- Systematic approach started at lower
elevations in the south
- 4 targets drilled
- World View 3 satellite imagery JV with Garibaldi
Resources
- Joint Venture VTEM Survey with Eskay mining
(100m) line spacing
Chief Geologist Dr Abdul Razique describing some hand samples collected on the Kirkham property with local Tahltan Chief Chad Day.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLASSIFICATION OF MAGNETIC ANOMALIES
Response Shape Correlation
Strong Remnant-irregular Quaternary Basalt / volc. Moderate Induced-Linear Porphyry Cu-Au, dikes Mod-weak Remnant-irregular Volc.-sedimentary rocks
VTEM GEOPHYSICAL SIGNATURE TMI – 1 VD
Effective tool for Structural Architecture and Exploration Targeting
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
HAWILSON MONZONITE
- 7km mineralized body trending N-S along
transtensional Adam Fault
- Hosted in Stuhini sediments directly
adjacent to the Triassic-Jurrasic red line unconformity
- Multiple phases of porphyritic intrusion
have resulted in a gold rich mineralized system
- Structurally comparable to KSM’s Kerr
Deposit which has probable reserves of 2 Million ounces of Gold and 2586 million pounds of copper. (Seabridge Gold – Corporate
Presentation – October 3, 2018)
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CONCEPTUAL PORPHYRY MODEL HAWILSON MONZONITE – PORPHYRY SYSTEMS
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLIFF TARGET PORPHYRY INTRUSIONS & BRECCIAS
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
HYDROTHERMAL ALTERATION MINERALIZATION
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLIFF PORPHYRY SYSTEM
- Extends for 3km x 0.3km along the
southern half of 7km long Hawilson Monzonite
- Calc-alkalic Porphyry Copper-Gold
system
- Emplaced as N-S trending stocks
and dikes
- Multiple hydrothermal episodes
have brought strong potassic and serricite alteration
- Late stage epithermal upgrading has
created high grade gold zones
- 6 New drill holes totalling 3000m
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLIFF TARGET DRILL RESULTS 2018
Hole ID Depth(m) From (m) To (m) Interval (m) Cu (%) Au (g/t) *AuEq KH18-11 493.8 136 385 249 0.1018 0.13 0.29 incl. 201.5 210 9 0.0755 0.63 0.74 incl. 228 280 52 0.1572 0.18 0.42 KH18-12 490.7 86 153 67 0.0516 0.20 0.28 372 434 62 0.0090 0.45 0.46 incl. 372 381 9 0.0131 1.56 1.58 KH18-13 568.5 222 248 26 0.0438 0.51 0.58
340 569 229 0.1308 0.21 0.41
incl. 356 398 42 0.1709 0.36 0.62 KH18-14 606.6 9 560 551 0.0256 0.28 0.32 incl. 36 418 382 0.0262 0.36 0.40 incl.
36 73 37 0.0454 1.54 1.61
KH18-15 503.0 214 264 50 0.0590 0.38 0.47 321 339 18 0.0085 0.50 0.51 494 503 9 0.0074 0.49 0.50 KH18-16 399.6
7 148 141 0.2294 0.40 0.75
incl. 30 148 118 0.2551 0.46 0.85 incl. 78 114 36 0.2972 0.64 1.09
- 141 meters of 0.4 g/t Au and 0.23% Cu
in hole KH18-16 is associated with a swarm of potassically altered Hawilson Monzonite dikes.
- 37 meters of 1.54 g/t Au in hole KH18-
14 linked to quartz-carbonate veining and hydrothermal breccias
- Localized 1-3 meters intercepts with
gold grades up to 3.0 g/t Au are associated with late-stage quartz- carbonate and massive sulphide veins
- f Py,Po,Cpy.
*AuEq based on $1,200/oz gold, $2.70/lb Cu and 100% recovery
3 Styles of mineralization discerned:
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CLIFF ZONE CROSS SECTION
- Well mineralized tabular body beginning to take shape
- Strong potential for expansion at depth
- Pervasive potassic zone located in hole 16 has good room for expansion to the North
- KH18-14 shows a small break in the system due to extensional faulting, but can be used
to vector towards high grade gold zones.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
NINA TARGET
- Cu/Au target within the Hawilson
Monzonite
- 1km step out to the north of historic
drilling
- Strongly silicified outcrops at surface
suggest good gold potential
- Lots of room for expansion to the
north as geochemistry improves towards King Creek
Nina drill pad looking West towards the Eskay Rift
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
COLE TARGET
- Cu/Au porphyry style mineralization
- Northern extension of the Hawilson
Monzonite
- Red line conglomerate running
parallel to the target
- Stockwork intrusive with significant
Chalcopyrite found at surface
- Extensive geochemical footprint rich
in both Cu and Au
- Large circular alteration Halo (500m
X 500m)
- 1300m drilled over 3 holes in 2018
Exploration program
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
ETTA TARGET
- Au/Ag/Cu
- Intermediate sulfidation epithermal
system
- Hosted in siltstone of the Jack
formation at the base of the Hazelton Group
- Well mineralized drusy quartz veins
- utcropping at surface
- Historic hand samples have run >5%
Cu and 20.7 g/t Au
- Strong potential for very high grade
intercepts
Drusy quartz-carbonate veins in shear zone with ~10m strike length
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
THUNDER NORTH TARGET
- Thunder N & S are early stage
prospects that collectively cover ~10km2 of the Kirkham Property
- Adjacent to the Eskay Rift
- Transtensional techtonic
setting similar to Garibaldi Resources’ Nickel Mountain
- Young Basalts and glaciers
cover two thirds of the Thunder N & S area which present challenges when ground truthing drill targets
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
THUNDER NORTH TARGET 2018 PROGRAM
- Completed VTEM (83m line spacing) over TN & TS
- Multiple VTEM Conductors identified for follow-up
- Technical Advisor Dr. Lightfoot created a priority
list of 56 targets to be investigated
- Dr. Lightfoot spent 5 days on the property
exploring the large land package
- Multiple encouraging samples were taken from
various streams
- Half of Dr Lightfoot’s targets require further
investigation (green dots)
- 2 holes totaling 395 meters tested two VTEM
conductors, completed Oct 2018
- 2019 will involve an extensive field program to
fully investigate the nickel potential on the Kirkham property.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
ADDITIONAL TARGETS TO BE EXPLORED
- King East: Large coincident magnetic and resistivity.
Numerous gold-bearing veins and small felsic stocks mapped to the south.
- Fewright: An arcuate resistivity and mag anomaly
surrounding a mag low. The resistivity anomaly is coincident with the southern Hawilson Monzonite porphyry.
- Rhyolite Ridge: Rhyolite dome feature identified during
field mapping in 2018. Sulfide enrichment near contacts with sedimentary units point towards VMS style mineralization
- Natt: VMS exhalative / Shear vein gold target with
anomalous Au-Ag, Zn and pathfinder As and Hg in soil.
- Terwilligen: High in the porphyry system evident by
propylitic alteration. The geophysical modeling indicate a near surface intrusion.
#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com
CONCLUSIONS
- The 106km2 Kirkham property is a 100% owned by Metallis Resources Inc. and is situated within a
mineral rich metallogenic belt with more gold endowment than the Carlin Trend, Nevada.
- Approximately 10km strike-length of the “Red Line”, (Eskay Rift margin), hosting most of the copper-
gold deposits in the Golden Triangle, can be mapped through the Kirkham Property.
- Multiple deposit types (Porphyry, Shear vein, Magmatic sulphide, Epithermal) and multiple targets,
present the company opportunities to make an economic discovery.
- The 2018 Exploration Program consisted of:
- In-fill VTEM survey (83m) over Thunder North, Thunder South and Central Kirkham
- A Joint Venture VTEM was conducted with Eskay Mining over the eastern property border area
(results will be integrated with past data to prioritize targets for potential follow-up ground work during the 2019 exploration season)
- Further field mapping along with rock and soil sampling was carried out over the Hawilson
Monzonite to identify other possible targets
- 5000 meters of diamond drilling spread over 4 targets
- 2018 Cliff Drilling Interval Highlights: 383m @ 0.36g/t Au incl. 37m @ 1.54g/t Au in KH18-14 and
141m @ 0.40g/t Au and 0.23% Cu in KH18-16
- Nina, Cole and Thunder North assay results are pending
A Golden Opportunity in the Heart of the Golden Triangle
515 – 850 West Hastings St Vancouver, BC V6C 1E1 Phone: 604.688.5077 Fax: 604.688.5017 Email: info@metallisresources.com Web: metallisresources.com