METALLIS RESOURCES INC - MTLFF STOCK NEWS

Metallis Resources Inc. (OTCQB: MTLFF) announced a breakthrough with the completion of its initial 3D geological model for the Cliff-Miles Porphyry Corridor, located within its 100%-owned Kirkham Property in British Columbia's Golden Triangle. This model reveals critical insights into mineralization, showing strong correlations between high-grade copper and gold zones. Notable intercepts include 0.8 g/t AuEq over 118 m and 0.34 g/t AuEq over 84.5 m. The company plans to leverage this data for targeted drilling in 2022 to increase average grades and refine its geological understanding.

Metallis Resources Inc. (TSXV: MTS, OTCQB: MTLFF) announced results from its 2021 Z-Axis Tipper Electromagnetic Survey (ZTEM) at the Kirkham Property in British Columbia. The survey identified three new ZTEM-conductivity anomalies aligning with the Nickel Mountain Gabbro, confirming geophysical connections across property borders. CEO Fiore Aliperti emphasizes a cooperative exploration strategy to minimize shareholder dilution. The survey, covering 879 line-kms, reveals substantial geological insights, warranting further exploration work for potential mineralization.

Metallis Resources Inc. (OTCQB: MTLFF) announced positive results from its 2021 drill program at the Kirkham Property, revealing significant gold mineralization in the Cliff-Miles Porphyry Corridor. The program consisted of 7 deep drill holes totaling 4,785 meters, with all holes intersecting well-mineralized porphyritic monzonite. Notably, drill hole KH21-45 reported 1.05 g/t AuEq over 43 meters and 0.43 g/t AuEq over 220.7 meters, indicating a robust gold system. The company plans to intensify exploration efforts in 2022 based on these encouraging findings.

Metallis Resources Inc. has completed its 2021 drill program at the 100%-owned Kirkham Property located in British Columbia's Eskay mining camp. The program involved drilling 4785 meters across 7 long holes, focusing on the Cliff-Miles porphyry corridor. President and CEO Fiore Aliperti expressed satisfaction with the mineralization findings, noting broad intercepts of silicified porphyry intrusions. Assay results from ALS Labs are expected in the coming months, although delays are anticipated due to COVID-19. The Kirkham Property is strategically located near several notable gold deposits.

On September 28, 2021, Metallis Resources Inc. (OTCQB: MTLFF) provided a midseason update on its 2021 drill program at the 100%-owned Kirkham Property located in British Columbia. The Company is drilling a planned 8,000 meters, with significant progress reported in the first four holes, showing long sections of mineralization. Notable intersections include 245.5m @ 0.40 CuEq and 490.8m @ 0.33 g/t AuEq. In addition, the Company granted 1.9 million stock options to directors and officers at an exercise price of $0.39. The assay results are pending as labs face backlogs due to increased demand in the Golden Triangle.

Metallis Resources Inc. (OTCQB: MTLFF) announced the launch of its 2021 exploration and drilling program at the Kirkham Property in British Columbia's Golden Triangle. The program aims to expand the Cliff-Miles porphyry cluster and assess the potential of copper-gold mineralization. Key elements include ~8,000m of drilling across 13 holes, detailed field mapping, and advanced surveying techniques. The area is noted for its proximity to significant mineral deposits, enhancing the project’s potential. The geological team's robust approach is expected to unlock substantial mineralization opportunities.

Metallis Resources Inc. (OTCQB: MTLFF) has appointed Charlie Greig and Dr. Michelle Campbell to its Technical Advisory Board, effective immediately. This move aims to enhance technical and strategic guidance for the 2021 drill program at the Kirkham Property, specifically targeting higher-grade copper-gold zones. Both appointees bring significant experience from successful projects, which is expected to bolster Metallis' potential in the Golden Triangle, British Columbia.