The Etta showing is approximately 650 metres northwest (322°) of the Cole prospect on the ridge top between King and Terwilligen creeks, west flowing tributaries to Unuk River. It is located approximately 58 kilometres southwest of Bell 2 Lodge on Highway 37, and 74.5 kilometres northwest of Stewart, B.C.

Etta mineralization is hosted by several parallel, tabular north-south trending veins of quartz-carbonate with native gold, electrum and chalcopyrite. These veins are emplaced in phyllic-propylitic altered sedimentary rocks of the Jurassic Hazelton Group to the west of the Jurassic to Tertiary Hawilson Monzonite. The Etta epithermal gold system occurs immediately to the west of the Cole porphyry system (104B 209) near the Triassic-Jurassic, Red Line unconformity (Fieldwork 2013, pp. 111-140).

The Etta veins are described as bull-quartz-carbonate with native gold, electrum, and chalcopyrite. A rock chip sample (Y060741) from a newly discovered vein assayed 13.2 grams per tonne gold, 795 grams per tonne silver, 0.5 per cent copper and 1.3 per cent zinc (https://metallisresources.com).

The first pass of drilling at Cole by Metallis in 2018 demonstrated that the Hawilson Monzonite porphyry dikes transition outward into gold-bearing massive sulphide and epithermal sheeted veins (Etta) to the West and additional porphyry potential to the East of Cole.

In 2018, extensive mapping, VLF surveys, trenching, rock and soil sampling occurred, along with structural modeling at the adjoining Cole and Etta targets, outlined a strongly altered 1,000 metre long by 300 metre wide zone of northeast oriented sub-parallel faults that appeared to control the high-grade gold-bearing quartz sulphide veins. The zone is open to further expansion (Assessment Report 38231).

Work continued on the Cole-Etta high grade target in 2019. Metallis’ geologists outlined a 1 km long by 200m wide zone of NE oriented faults and epithermal veins along the Cole porphyry system. Over 200 continuous rock-chip samples were collected from 21 trenches excavated along the historic copper and gold geochemical anomalies. The highlight assays included 18 grams per tonne Au over 0.2 metres in a drusy textured epithermal quartz vein and 0.56 grams per tonne Au and 0.31 per cent Cu over 0.9 metres within massive pyrite-pyrrhotite veins. Several 2 metre intervals of continuous trench samples assayed anomalous gold ranging from 0.5 grams per tonne to 1.25 grams per tonne Au. Based on the trench sampling results and field exploration, the Company drilled 6 holes totaling 2,617 metres in the Cole-Etta target area (Metallis Press Release November 28, 2019).

High-grade gold intervals ranging from 0.34 gram per tonne AuEq to 2.85 grams per tonne AuEq in the 2019 drill holes now confirm the presence of multiple sub-parallel epithermal gold zones along the Adam fault. Broad drilling intercepts with up to 0.47 gram per tonne AuEq correlate with pervasive green and grey sericitic altered and silicified monzonite dikes highlighting the strong potential of substantial porphyry-type mineralization at depth. Field mapping and 3D geological modelling has illustrated multiple sub-parallel porphyry intrusions striking northeast and dipping 60 degrees to the east (Metallis Press Release March 24, 2020).

See Cole (104B 209) and Mount Dunn for details of the Kirkham property geology and work history.