Metallis Resources Inc. released its initial 3-dimensional geological model, providing breakthrough insights into both the mineralized porphyry and enriched-gold zones at the Cliff-Miles Porphyry Corridor lying within Metallis' 100%-owned Kirkham Property, situated in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia. It is located approximately 30 km west of Seabridge's world class KSM porphyry deposits, and Newcrest Mining's producing Brucejack gold mine. The Golden Triangle is a district known worldwide for the past producing Eskay Creek and Snip gold mines.

The MP porphyry phase, composed of feeders (dikes) and sill-like bodies, can be further subdivided into well-mineralized and poorly mineralized MP variants based on respective copper, molybdenum, and vein content. The feeder of the well-mineralized MP variant ranges between 20 meters and 150 m thick, has only been tested as deep as 660 m below surface, and can be semi-continuously traced 2,500 m from far-south holes at Cliff all the way to the North end of Miles. Representative intercepts are listed below to show the dimensions of this very lengthy mineralized zone.

The sub-horizontal sill-like geometries are most apparent between holes KH20-34 and MD09-05 and occur in two bodies: A semi-continuous shallow sill tracked over approximately 950 m from North to South and which is highly variable in thickness (70 m to 250 m thick). It is still open to the South (beyond KH18-13), to the East, and potentially to the North beyond MD09-03 Example intercepts include 0.41 g/t AuEq over 80.3 m in KH17-07 or 0.32 g/t AuEq over 170 m in KH18-11; A deeper sill tracked over 720 m from North to South, that pinches (>40 m) and swells (<170 m) along its length and is still open to the North (beyond KH21-42), South (beyond KH20-36), and to the East. Example intercepts include 0.36 g/t AuEq over 129.9 m and 0.37 g/t AuEq over 198.5 m in KH20-36, or 0.37 g/t AuEq over 193 m in KH21-42.

Petrographic, geochemical, and geostatistical reviews are currently underway to establish new strategies to help the geological team distinguish this new well-mineralized MP variant in-field as well as to further refine the model. A simplified view of the grade-bearing MP model and how it fits with the gold-equivalent ("AuEq") distribution. All the zones are still considered open to the North and South with multiple infill and extension opportunities situated near surface as well as at depth.

All analytical data was completed at independent certified laboratories and have previously been reported. Though challenging to identify texturally, the gold-enrichment event can be empirically identified from high Gold-to-Copper ratios along with silicification and can be traced along the dominant structures of Cliff-Miles (Adam Fault and block faulting). The 3D model shows a North-South ribbon-like feeder, approximately 2,400 m long, present on the East margin of the newly identified grade-bearing MP and which extends across the Adam Fault (380 m to 830 m deep) into the graphitic siltstone footwall.

Example intercepts include: North-South feeder example intercepts include 1.24 g/t AuEq over 32 m in KH20-37 and 0.33 g/t AuEq over 27 m in KH18-16 Alongside, loosely constrained, are the fault-bound Northwest-Southeast feeders. Northwest-Southeast feeder example intercepts include 0.63 g/t AuEq over 30 m in KH21-42. Additionally, two dominant stratabound mineralized zones can be partially traced from Miles South to Cliff.

Stratabound mineralized zones identified at Miles include 1.05 g/t AuEq over 43 m in KH21-45 and 1.24 g/t AuEq in KH20-37; and At Cliff with 0.82 g/t AuEq over 32.4 m in KH21-40.