Metals Creek Completes Diamond Drilling on the Dona Lake Gold Project
Metals Creek Completes Diamond Drilling on
the Dona Lake Gold Project
Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (the
"Corporation") is pleased to announce the completion of the Corporation's first diamond drilling program
on the Dona Lake Gold Project (the "Project") in the Pickle Lake Gold Camp, Ontario. A total of 1411
meters were drilled in two shallow holes that tested both the Main Zone and B Zone and a deep hole
testing for the continuation of gold mineralization below the lower most level of the mine (455 level).
All three holes were successful in intercepting the target stratigraphy. Due to strict Covid-19 measures,
all core has been moved to the Corporation's office in Thunder Bay and is currently being logged and
split at a secure location. Drill Holes will be submitted for analysis once they are logged and split and
results will be released as they are received and compiled.
The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp -
see news release dated 13 June 2019) and is located in the Pickle Lake Greenstone Belt which is host
to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow
mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The
Project consists of 32 patented and leased mining claims and 35 map staked claims totaling
approximately 1,063 hectares and covers the past producing Dona Lake Mine.
Currently there are four known gold bearing oxide iron formations that host gold mineralization on the
Dona Lake Gold Project.
During compilation work by Company personnel, it was determined that the
deepest hole found to date was drilled approximately 100m below the mine workings of the Main Zone
(455m). This hole (455-2) was drilled by Placer Dome (Mine Operator) and returned a down hole
intercept of 4.36 g/t Gold over 21.08 meters indicating the continuation of mineralization at depth below
the bottom level (455 Level) of the Dona Lake Mine Main Zone.
A second zone (B Zone), footwall to the Main Zone, was partially drilled off by Placer Dome (Mine
Operator) but only saw limited development and test mining and is open at depth with limited drilling
along strike. B Zone is defined as a steeply plunging zone with
intersections including 14.17 g/t Au over
15.31 m, 9.9 g/t Au over 10.6 m, 7.85 g/t Au over 5.85m and 12.44 g/t Au over 4.6m.
The above-mentioned drill intercepts are historical in nature and have not been verified or validated by
the Corporation. Reported intercepts are not true widths.
At this time there is insufficient data to calculate
a true orientation.
A Presentation for the Dona Lake Gold Project can be viewed at:
http://www.metalscreek.com/upload/documents/dona-lake-presentation-april-2020.pdf
Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in
National Instrument 43-101, is responsible for this release, and supervised the preparation of the
information forming the basis for this release.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the
Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common
shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50%
interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine,
located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor
Fault (P-DF). In addition, Metals Creek has signed an agreement with Newmont Corporation, where
Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake
Mining District of Ontario.
Metals Creek also has multiple quality projects available for option in Ontario and Newfoundland which
can be viewed on the Company's website. Parties interested in seeking more information about
properties available for option can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company with
securities regulators, available under its profile at
www.sedar.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email:
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/60976