The “Golden Triangle” may be one of the most prolific mining areas in the world.
Estimated to hold about 219 million ounces of gold, approximately 87.7 million pounds of copper, and about 1,342 million ounces of silver, this mineral-rich region of British Columbia might be the most mouth-watering mining opportunity in the world today.(2)
For one, Newmont Mining just acquired GT Gold, which has been advancing its Tatogga property in that very region.(1)
Second of all, as reported by Resource World:
In short, the “Golden Triangle” could hold immense potential for Metallis Resources Inc. Canada TSXV: (MTS) U.S. OTC: (MTLFF). Metallis is a miner in the heart of this district, sitting in an area with gold resources as potentially fertile as those within the U.S. ‘s Carlin Trend. In addition, the company’s main target (the Cliff Porphyry Corridor) sits ONLY about 22 kms from Seabridge’s KSM deposits, which are of similar age and dimensions as that of Metallis’ project.(4)
This is a big deal, considering KSM holds about 76 million ounces measured and indicated, along with about 66 million ounces inferred. Numbers like this could make it one of the top 10 gold deposits in the world.
Metallis Resources is a junior gold exploration company in the heart of northwestern British Columbia’s Golden Triangle. The company recently discovered a substantial gold zone at its Miles target amid the prolific Eskay Camp. This property also forms part of the larger 7.5km long Hawilson Monzonite Porphyry Complex at its 100%-owned Kirkham Property.(5) The Golden Triangle has sought-after minerals, and is well-known for the past-producing Eskay Creek and Snip gold mines, Seabridge’s KSM porphyry deposits, and Pretium’s Brucejack gold mine.(5)
After bottoming out at around 23 cents around Jan 29, 2021, the MTS stock rallied to about 55 cents around Jun 01, 2021, before slightly dipping along with gold prices. However, if gold prices accelerate back past roughly $2,000 this year, the Metallis Resources stock could potentially retest a prior 2020 peak of about 64 cents hit Aug 05, 2020.(7)
In addition, as of July 27, 2021, its 20 – 200 Day MACD Oscillator, 50-100 day MACD oscillator, 50-150 Day MACD Oscillator, 50-200 Day MACD Oscillator, and its 150-day moving average, 200-day moving average, and 100-200 Day MACD Oscillator.(7)
Mining for Success: Metallis Acquired the Kirkham Property
Very recently, Metallis acquired the Kirkham Property.
Kirkham features several geological environments – porphyry, shear vein, and magmatic sulphide – and has been carefully assembled by world-renowned copper-gold expert Rodney Kirkham. There could be significant potential for world-class mineral discovery here too.
In addition, Metallis Resources Inc. announced the discovery of a substantial gold zone at its Miles target. The Miles target forms part of the larger 7.5km long Hawilson Monzonite Porphyry Complex in the heart of the Kirkham Property.(5)
But what may be even more encouraging is that Metallis just announced the commencement of its 2021 exploration and drilling program at the Kirkham Property.(A)
Metallis’ President and CEO Fiore Aliperti stated “Our geological team is set to start an aggressive drill campaign and have been tasked with the goal of expanding the Cliff-Miles porphyry cluster and unlocking the depth potential of bulk tonnage-style copper-gold mineralization.” He went on to add, “It is fantastic to be able to throw Metallis’ name into the hat with other companies in the Golden Triangle with an active drill program. This program is a major step forward in advancing the Cliff gold-copper porphyry and showing the true size potential of this project.”(A)
Metallis’s geological team has launched detailed field investigations to optimize the placement of the collars in preparation for the drilling, which is due to start in the coming weeks. The Program includes field mapping, drill core re-logging, Induced Polarization, and ZTEM survey. It is designed to help target the near-surface gold and the deeper copper/gold-rich potassic zones along the 4 km long Cliff-Miles porphyry corridor.(A)
EXPLORATION PROGRAM HIGHLIGHTS:(A)
- Field mapping focused on outlining the dimensions of the porphyry intrusions, alteration zones, structures, and morphology of the Cliff-Miles porphyry copper-gold system.
- A total of ~22 line-km of high-resolution Induced Polarization (“IP”) proposed over the Cliff and Cole targets. The IP survey aims to outline the resistivity anomalies related to gold-bearing hydrothermal silicification and sulphides in the Cliff and Cole porphyry centers.
- ZTEM survey over the entire Kirkham property focused on locating the buried porphyry core zones along the 7.5 km long Hawilson Monzonite Complex (News Releases April 7th and June 22h, 2021). The ZTEM resistivity contrast is expected to highlight the depth potential of the Cliff and Cole porphyry centers and other prospective targets at the Kirkham property.
- LiDAR survey over the entire 106 km2 Kirkham property acquiring digital ortho-photos and a bare-earth Digital Elevation Model and other imagery products used for geological interpretations, drill hole control, planning, and logistics purposes.
- Selective rock-chip and soil sampling grids over ZTEM and SkyTEM conductive anomalies targeting the volcanogenic massive sulphide mineralization at King East, Mount Dunn, and Rhyolite Ridge prospects at Kirkham.
DRILLING PROGRAM HIGHLIGHTS:(A)
- ~8,000m of drilling in 13 drill holes designed to expand the near-surface gold and deeper copper-gold zones. Most of the 2021 drill holes are 100m to 500m apart and are designed to target high-grade zones and test the overlapping IP resistivity highs;
- ~4,000m of drill core re-logging at Cliff with a particular focus on the well-mineralized M-Porphyry and patterns of alteration, veins, and sulphides affording vectors to deeper high-grade mineralization;
- Selective short wave-length Infrared analysis to identify the distribution of alteration mineralogy and temperature stabilities leading to vectors toward the highly mineralized, hot core zones of the Cliff porphyry system; and
- ~1,200m of geotechnical oriented core logging planned for investigating the anatomy and orientation of faults, porphyry intrusions, breccias, and veins defining the morphology of the Cliff porphyry system.
Copper prices have been on a historic run in 2021 thanks to the economic recovery, growing demand for a greener future, and supply issues.
Mr. Aliperti is a marketing professional with a 25-year record of achievement in the private sector. Mr. Aliperti first joined the company in 2010 and was engaged in corporate development. In 2011 he managed the Company’s Italian subsidiary and was the corporate contact on all Italian matters.
Chief Financial Officer, Director
Mr. Lever has been a Certified Management Accountant since 1991 and has extensive experience in senior financial roles with private and public companies in Canada. He has more than 20 years’ experience after beginning his career with the chartered accountant firm of Touche & Ross Co. Jon has been involved with several resource companies, including roles as CFO of Tournigan Gold Corp, Wealth Minerals Ltd, and Finavera Wind Energy.
Vice President of Exploration
David DuPre is a professional geologist with over 45 years of mineral and petroleum exploration experience, significant project management, and public companies’ corporate administration. Mr. DuPre has collaborated with both major and junior mining companies in projects spanning North and South America, Europe, Africa, and Asia.
Dr. Dave Webb
Dr. Webb is a Registered Professional Geologist with over 30 years of mineral exploration, development, and production experience in Canada and internationally. He holds a B.A.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.
Dr. Abdul Razique
Dr. Razique is a porphyry specialist who brings over 20 years’ international experience in the exploration and mining industry. He worked with BHP Minerals and Barrick-Antofagasta Minerals J.V and was a key member of the exploration team that discovered Reko Diq; one of the world’s largest porphyry Cu-Au (Mo) deposits in western Pakistan. Razique received his M.Sc. and M.Phil. degrees from the University of Balochistan and PhD from the University of British Columbia – Mineral Deposit Research Unit in 2013. Following Ph.D. studies at UBC, Razique worked as Consulting Geologist with Antofagasta Minerals Plc. and provided technical support in exploration projects both in Canada and the United States.
Dr. Farhad Bouzari
Dr. Bouzari obtained his Ph.D. from Queen’s University in 2003. Over the past 25 years he has worked extensively on porphyry and allied deposits, their features and establishing techniques to improve exploration decision-making. Since 2006 he has been Research Associated with the Mineral Deposit Research Unit – MDRU. His experience lays with the anatomy and evolution of porphyry systems particularly their distal and deep features and application of mineralogical and geochemical techniques in exploration targeting.
Stephen Wetherup BSc., P.Geo.
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 the Vice-President of Exploration for Commander Resources Ltd.
Dr. Peter Lightfoot
Dr. Lightfoot serves as a Technical Advisor / Consultant to Metallis Resources Inc. He brings over 25 years of experience in the exploration of Nickel-sulphide deposits. As Chief Geologist with Vale Base Metals, Peter was responsible for technical aspects of the exploration programs at Sudbury, Thompson, and Voisey’s Bay and tracking the developments in understanding of the geology and global supply of metals from Nickel-sulphide and laterite deposits. Peter received his B.A. from Oxford University in 1980, his M.Sc. degree from the University of Toronto in 1982, and his Ph.D. from the Open University in 1985.
Mr. McIntosh has a B.Sc. and over 25 years of mineral exploration experience. Andrew has worked for companies such as Teck, Cominco, BHP and Highland Valley Copper along with the Geological Survey of Canada. He has also provided consulting services to numerous companies as a geologist and data specialist. He has worked for McElhanney since 2001, where he is currently a project manager for GIS, LiDAR mapping, and geological data services.
Lawrence Roulston is a mining professional with over 35 years of diverse hands-on experience. He recently founded WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry. From 2014-2016 Lawrence was President of Quintana Resources Capital, which provided resource advisory services for US private investors.
Source 1: https://www.miningweekly.com/article/newmont-buys-golden-triangle-developer-for-311m-in-cash-2021-03-10/rep_id:3650
Source 2: Metallis Resources investor deck
Source 3: https://resourceworld.com/three-golden-triangle-stocks-to-watch/
Source 4: Company e-mail
Source 5: https://metallisresources.com/metallis-makes-new-gold-discovery-at-kirkham-drills-1-21-g-t-au-over-32-meters/
Source 6: https://metallisresources.com
Source 7: https://www.barchart.com/stocks/quotes/MTS.VN/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&sym=MTS.VN&grid=1&height=500&studyheight=100
Source 8: https://resourceworld.com/metallis-resources-makes-golden-triangle-gold-discovery/
Source 9: https://www.etftrends.com/copper-etfs-shoot-upwards-widening-supply-deficit/
Source A: https://metallisresources.com/metallis-begins-2021-exploration-program-at-kirkham-property/
Source B: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/933-tsx/sea/89778-seabridge-completes-acquisition-of-snowfield-property-from-pretivm.html
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