Metals Creek Confirms Gold Mineralization Continues at Depth at The Dona Lake Gold Mine, Drills 8.07 g/t Gold Over 7 Meters Including 17.6 g/t Gold Over 1 Meter
Metals Creek Confirms Gold Mineralization
Continues at Depth at The Dona Lake Gold
Mine, Drills 8.07 g/t Gold Over 7 Meters
Including 17.6 g/t Gold Over 1 Meter
Toronto, Ontario--(Newsfile Corp. - September 15, 2020) - Metals Creek Resources Corp. (TSXV:
MEK) (the "Corporation") is pleased to announce the final results from its recently completed diamond
drill program from the Dona Lake Gold project.
Hole DL20-003 was designed to test for the continuation of gold mineralization below the lower most
level of the Dona lake Mine (455 level). This hole penetrated the Main Zone at approximately 500m
below surface and returned a core length intercept of 8.07 grams per tonne (g/t) Gold (Au) over 7 meters
(m) (531.6 - 538.6 m). Included in this intercept is a high grade intercept of 17.6 g/t Au over 1 m (See
Table Below).
Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-
massive pyrrhotite ranging from 3 to 30% with local pyrite and magnetite.
Alteration includes strong
silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite in
conjunction with strong folding.
Table 1. Drill Hole Intercepts.
Drill Hole
Meters From
Meters to
Gold grams per
tonne
Total Meters
DL20-003
531.6
538.6
8.07
7.0
Including
532.45
533.45
17.6
1.0
Holes DL20-001 and DL20-002 which were reported in the last news release (see MEK news release
dated 08 September 2020), were collared to test the continuation of gold mineralization immediately
south of Dona Lake mine workings. Included in this release was hole DL20-002 which returned a core
length intercept of 8.45 g/t Au over 3.15m (254.85-259.00m). This intercept was a part of a broader zone
of mineralization returning a core length intercept of 5.67 g/t Au over 5.15m (254.85-260.00m).
Drill intercepts reported in holes DL20-001, 002, and 003 are not true widths.
There is insufficient data at
this point to determine a true orientation.
Alexander (Sandy) Stares, President and CEO of Metals Creek states, "Management is highly
encouraged with the drill results from this initial drill program on the Dona lake Gold project. A substantial
amount of time has gone into generating the current Dona Lake geological model from data that was in
non-digital form. Hole DL20-003 authenticates the current model and demonstrates the continuation of
gold mineralization at depth, below the lower most level."
Currently, the Corporation in is the final stage of planning holes for an upcoming drill program (Phase 2)
for this coming fall.
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 Corporation 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 historic 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.
All split core samples were sent to Act Laboratories.
The precious metals were analyzed utilizing a
standard fire assay with an atomic absorption finish.
As part of the Corporations QAQC protocol,
approximately 10% of the samples submitted for assay were also sent for check assays.
Standards and
blanks were inserted randomly into the sample shipments as part of the sampling protocol.
Samples with
fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire
assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic
method.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration Corporation 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 Corporation's website. Parties interested in seeking more information about
properties available for option can contact the Corporation at the number below.
Additional information concerning the Corporation is contained in documents filed by the Corporation
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/63858