A Golden Opportunity in the Heart of the Golden Triangle

Transcription

1 A Golden Opportunity in the Heart of the Golden Triangle

2 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. 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 forwardlooking 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

3 About Metallis Resources TSX-V: MTS Golden opportunity in the Golden Triangle, northwestern BC. Golden Triangle has more gold than the Carlin Trend in Nevada. Eric Sprott is a major investor in Metallis Resources. Tight share structure and market cap still only a fraction of most companies in the region. Share Structure (As of Oct. 19, 2017) Issued and Outstanding 28,757,464 Options 2,105,000 Warrants 4,472,300 Fully Diluted 35,334,764 Market Cap of Neighboring Companies (As of October 19, 2017) MTS: 39.2 million GGI: million GTT: 91.2 million SEA: million PVG: 2.04 billion Highly experienced management and technical team with a history of discovery in the district.

4 The Kirkham Property Located in the Heart of the Golden Triangle 106km 2 land package assembled, over several years, by worldrenowned copper-gold expert Rodney Kirkham. Within a highly mineralized region, home to mines and advanced exploration projects collectively worth billions of dollars. Favorable geology with a wide range of mineral deposits: porphyry, shear vein and volcanogenic massive sulphides. All of these geological environments have been found on the Kirkham Property!

5 Excellent Infrastructure Easy access to transportation and energy infrastructure: Stewart-Cassiar Highway; Recently completed highvoltage power transmission line; and Ocean port facilities at Stewart, 65 km south of the Kirkham Property.

6 Updated Exploration Model The Red Line A key marker for coppergold mineralization, named the Red Line, has been 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.

7 Multiple Targets, Multiple Deposit Types Multiple targets identified in close proximity to the Red Line 2017 exploration program focused on three targets: Cliff: Cu-Au Porphyry King: Gold shear vein Thunder North and Thunder South: Volcanogenic massive sulphide

8 2017 Priority Targets Target Deposit Type/ Commodities Primary Method(s) of Identification Potential Scale of the Summary Priority Targets Deposit Analogous Deposit(s) Drilling in 2017 Cliff Cu-Au Porphyry Historical drilling, rock sampling 1.4-kilometre strike length, 250 meters wide and traced to lower elevation to the bottom of the slope KSM proven & probable reserves total 38.8 million oz. Au and 10.2 billion pounds of Cu Yes Assay results expected in mid-november. Iron Cap: 10.6 Million oz. Au and 3.6 Billion pounds Cu (all categories) King Shear Vein - Au VTEM Survey 300 meters long, 220 metres wide and 15 metres thick plate is 3x larger than Snip Snip produced 1.1 million oz. Au, 429,000 oz. Ag and 550,000 pounds Cu from 1.2 Million tonnes Yes Assay results expected in December. Thunder North and Thunder South Intrusion hosted Ni- Cu Volcanogenic massive sulphide Cu-Au Porphyry Surface expression of mineralization due to glacial retreat - Outcropping of gabbroic units Gabbroic units are intensely exposed over 200 meters Voisey Bay 141 million tonnes at 1.6% Ni Yes. Rock samples also collected. Assay results expected in December.

9 Cliff Target Characterized by an altered and mineralized Hawilson Monzonite Porphyry that is 6 km long. Porphyry was drill tested (5 shallow holes higher in the system), in 2009, showing increasing Au and Cu grades with depth. Deepest hole (MD-09-01) reported 0.217% Cu and g/t Au at the bottom, pointing to increasing grades with depth. 22 rock samples from the mineralized monzonite averaged 0.7 g/t Au and 0.35% Cu Rock samples show improving grades down section. Metallis drill tested mineralized monzonite (2 km long) below previous drilling intercepts in August/September Visual examination of drill core suggests that the gold-copper porphyry system extends beyond depths of historical drilling and over a substantial strike length. Target Zone

10 King Target Analogous to Snip, 35 km northwest with 1 million oz. of production at 27.5 g/t. L3200 3D View of the plate and data Planar, very strong, coincident resistivity and magnetic anomaly 200 meters west of the mineralized HawiIson Porphyry. Modeling of EM response suggests a 380-meter long target about 40 meters deep. L3210 3D View of the plate and data Downstream geochemical sample returned a very anomalous assay of 3847 ppb Au. Interpreted as a possible gold bearing shear vein massive sulphide target.

11 Thunder North and Thunder South Garibaldi Resources Inc, immediately north of Metallis, has achieved a market value of ~ $300 million on basis of drilling on its E&L Project, contiguous to the Kirkham Property. Thunder North and South Targets, consisting of several (nickel-bearing) gabbroic units, have been made recently visible due to significant glacial retreat. Gabbroic units, exposed for about 1km, include metal-bearing sulphides. Thunder North and Thunder South collectively cover 10km 2 of the Kirkham Property. Highly prospective for intrusion-hosted nickel-copper, VMS base metal and coppergold porphyry mineralization.

12 Additional Targets Remain to be Explored King East: Comprises large coincident magnetic and resistivity anomalies. Numerous gold-bearing veins and several small felsic stocks have been mapped on the southern part of this target. Fewright Creek: features an arcuate resistivity and magnetic anomaly surrounding a magnetic low. The resistivity anomaly is coincident with the southern part of the Hawilson Monzonite porphyry. Terwilligen South: The propyllitic alteration minerals suggest that this target is high in the porphyry system. The geophysical modelling indicates the intrusion is near surface.

13 Conclusions Metallis market value is still only a fraction of similar companies in the district. Ongoing work will soon support a valuation in line with comparables. The Kirkham Project is a golden opportunity in the Golden Triangle. 106km 2 property, wholly owned by Metallis, was carefully assembled over several years by a world-renowned copper-gold expert. Situated within a district boasting more gold than the Carlin Trend in Nevada. Tight share structure despite raising $4.7 million in Legendary mining investor, Eric Sprott, recently took a big position. Highly experienced management and technical team with excellent knowledge of regional geology and a history of discovery in the district. Excellent transportation and energy infrastructure road, power and year-round access to port facilities. The Red Line, a geological marker for most copper-gold deposits in the Golden Triangle, has been traced over a 10km strike length on the Kirkham Property. Multiple deposit types (porphyry, shear vein and VMS), multiple targets, multiple chances to make an economic discovery. Summer 2017 exploration program drill tested priority targets - Cliff, King and Thunder North.

14 Appendix

15 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 Sheikh Ms. Sheikh 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 operate in various sectors, including in the resource sector.

16 2017 Exploration Team 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. Razique Abdul Dr. Razique has over 20 years experience in mineral exploration and the mining industry with various companies, including BHP Minerals, Antofagasta Minerals, Garibaldi Resources and Evrim Resources. He was a key member of the exploration team that discovered one of the world s largest porphyry Cu-Au (Mo) deposits at Reko Diq in western Pakistan. 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 of experience in underground gold operations in the Philippines.

17 Advisory Council Lawrence Roulston Mr. Roulston is a mining professional with 35 years of diverse hands-on experience. He recently founded WestBay Capital Advisors, providing business advisory and capital markets expertise to junior and midtier mining companies. From , Lawrence was President of Quintana Resources Capital, which provided resource advisory services to US private investors. Before Quintana, he was a mining analyst and consultant, as well as the editor of Resource Opportunities, an independent investment publication focused on the mining industry. Prior to this, Mr. Roulston was an analyst or executive with various mining companies, both majors and juniors. He has graduate-level training in business and holds a B.Sc. in geology. Jeff Kyba Mr. Kyba has 15 years of experience in the mining industry, having held various positions with junior and mid-tier exploration companies as well as the BC government. From 2011 to 2016, he worked as a Regional Geologist for the BC Ministry of Mines, monitoring mineral exploration and mining activity in northwest BC. Prior to 2011, Jeff worked as an exploration project geologist with Ivanhoe Australia, Hard Creek Nickel Corp. and as a Senior regional mapping assistant with the BC Geological Survey. Mr. Kyba holds the distinction of recognizing the relationship between Cu-Au deposits in the Golden Triangle and the contact between the Triassic-age Stuhini and the Jurassic age Hazelton rocks. Most deposits in the region are on or close to this geological marker known as the Red Line. Stephen Wetherup Bio on slide 16.

18 A Golden Opportunity in the Heart of the Golden Triangle West Hastings St Vancouver, BC V6C 1E1 Phone: Fax: Web: metallisresources.com TSX-V: MTS