What Prompted Metallis Resources (MTLFF) Stock To Climb 18% Last Day?

MRAI Stock
MRAI Stock

Metallis Resources Inc. (OTCQB: MTLFF) stock rocketed 17.61% in yesterday’s trades to conclude the session at $0.3820. The total volume for MTLFF stock was 189.91K compared to an average volume of 19.55K for the past 30 days. The numbers of shares currently outstanding are 44,060,433 while the Metallis stock value ranged from $0.0900 to $0.4740 during the last 52-week period. Gold-bearing zone news extended in British Columbia led to a surge in the MTLFF stock price.

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How MTLFF has been expanding?

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At its 100%-owned Kirkham Property located in northwest British Columbia’s Golden Triangle, Metallis Resources Inc. explores for gold, copper, nickel, and silver. On the TSX Venture Exchange, Metallis’ symbol is MTS, on the OTCQB Exchange, MTLFF, and Frankfurt Stock Exchange, 0CVM.

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The Cliff Porphyry System, a 4 km-long mineralized structure in the Cliff area, was substantially developed by Metallis Resources, announced the company in a yesterday press release.

HM owns 100% of the Kirkham Property at its 100%-owned Hawilson Monzonite Complex. The Property in northwestern British Columbia is located in Eskay Camp, one of the most prolific mining camps in the North-West. The British Columbian region has historically produced some of the world’s most important gold mines such as Eskay Creek and Snip, KSM porphyry deposits, and Brucejack, as well as other notable gold mines such as Seabridge.

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What MTLFF has found?

1.2 km south of the discovery hole KH20-37, KH20-34 confirms the extended southern extent of the gold zone. Within the broader interval of 0.64 gram per ton of gold equivalent over 141 meters in the new discovery hole KH20-34, 1.13 gram per ton of gold equivalent also occurred over 54 meters.


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