Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 289,000 Common Shares on a direct ownership basis at prices ranging from $1.397 to $1.882 between October 13th and 16th, 2017. This represents a $500,729 investment into the company's shares and an account share holdings change of 12.6%.
Metallis Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Metallis Resources Inc. is an exploration-stage company. The Company is engaged in mineral exploration with its primary focus on gold, copper and base metals in north-western British Columbia. It holds interest in approximately 30 contiguous claims comprising the Kirkham Property (the Property), covering an area of over 10,610 hectares. The Property covers approximately 110 square kilometers within the Unuk River area of northwestern British Columbia. The primary exploration targets on the Property are high-grade precious metal veins; Eskay Creek- type stratiform mineralization, and porphyry copper-gold deposits similar to the Red-Chris deposit. The Valley of the Kings deposit is located in the southern part of the Brucejack Property, and it has proven and probable reserves of approximately 6.9 million ounces of gold (over 13.6 million tons grading approximately 15.7 grams per ton gold).
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