FTMIG sits down with Dr. Abdul Razique, Chief Geologist at Metallis Resources, to do a deep dive on Metallis' flagship project: the Cliff / Cole copper-gold porphyry system. Dr. Razique is a porphyry deposit specialist and has over 20 years of experience in exploration, including with major mining companies such as BHP Billiton, Barrick Gold, and Antofagasta. This is an in-depth interview intended for investors looking to do an enhanced level of due diligence in their investments. A wide variety of topics are covered, from an overview of the Golden Triangle, to a review of the formation of the Cliff/Cole system and previous exploration work, to a discussion on 2020 results and future plans. We provide timestamps below in case you want to skip to certain sections:
00:00 - Introduction & Review of Regional Geology
08:48 - Porphyry Deposits Explained
24:04 - Review of MTS Kirkham Property
30:00 - Fault Structures at Cliff
37:35 - How Was Cliff/Cole Formed
51:58 - Review of Previous Drilling
1:02:10 - 2020 Pre-Drilling Work & Geophysics
1:17:00 - Review of 2020 Drill Program Results
1:24:51 - Future Work Plans
1:44:20 - Conceptual Mining Considerations
1:48:05 - Comparison of Cliff to Other Mines/Deposits
2:01:06 - Closing Discussion
Metallis Resources is a junior exploration company focused on mineral exploration in British Columbia Canada's prolific Golden Triangle, one of the most mineralized areas in the Western Hemisphere. Notable current and past-producing mines as well as economic deposits are found nearby, such as the Eskay Creek Mine, Pretium's Brucejack Mine, and Seabridge's massive KSM porphyry copper-gold deposit. Metallis is still in the early stages of defining the system at Cliff & Cole. The Cliff/Cole mineralized corridor spans approximately 7.5 km along a north-south trend, just to the east of the BC Geological Survey's so-called "Red Line" unconformity, the divide between the Stuhini and Hazelton volcanic arcs. Exploration activities to date have continuously found mineralization within the Cliff / Cole corridor, and the 2020 exploration program involved drilling much deeper than in previous years. The assay data from this drilling is still pending, as of the time of writing, but in the interview we do discuss some of the visuals with Dr. Razique and what the company's expectations are. Metallis has, so far, taken a methodical approach to exploring this potentially huge system in an effort to better define the character of the mineralization along strike while still keeping share dilution to existing shareholders minimized. It is never easy for a relatively small company like Metallis (which currently sits at a sub-$15M market cap) to tackle such an enormous target like Cliff/Cole, but the company has carefully and systematically tested along strike to get a better idea of grade and continuity of mineralization across and along the corridor, as well as at depth. Given the size potential of the system, if Metallis continues to prove continuity of mineralization and finds improved grades, it certainly seems possible that a major mining company will eventually take notice and potentially put forward an offer to partner on the project.
Metallis currently trades on the Toronto Venture Exchange under the symbol TSX-V: MTS, and on the OTCQB market under the symbol OTCQB: MTLFF.
To learn more about Metallis Resources, please visit their website at: https://metallisresources.com/
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Originally filmed on November 25th, 2020