Metals Creek DL22-025 Returns 14.10 g/t Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling Deepest Drill Intercept to date extending mineralization an additional 78m below recently reported DL22-024
Metals Creek DL22-025 Returns 14.10 g/t Gold
over 3.97 Meters in Deepest Intercept to Date
from Dona Lake Drilling
Deepest Drill Intercept to date extending mineralization an additional 78m below recently
reported DL22-024
High Grade Intercept of 8.11 g/t Gold over 9.51m including 14.10 g/t Gold over 3.97
Thunder Bay Ontario--(Newsfile Corp. - April 5, 2022) -
Metals Creek Resources Corp.
(
TSXV: MEK)
(OTCQB: MCREF) (FSE: M1C1
) (the "
Company
" or
Metals Creek
)
is pleased to announce diamond
drill results for drill hole DL22-025 from the phase III diamond drill program at the Dona Lake Gold
project (See News Release November 08, 2021).
Results from drill hole DL22-025 is the deepest intercept to date from Dona Lake drilling. This hole
intersected the Main Zone stratigraphy 753 meters below surface and 299 meters below the lowermost
mine working (455 Level) returning a core length intercept of
14.10 grammes per ton (g/t) gold (Au)
over 3.97 meters (m) (798.35 - 802.32m).
This was a part of a broader zone of high-grade
mineralization of 8.11 g/t Au over 9.51m (792.81 - 802.32m).
(See Table 1 Significant Results and
figure 1 Schematic Longitudinal, figure 2 Schematic Section). This hole clearly demonstrates the
continuation of the main zone iron formation down plunge.
The continued presence of strong to intense
alteration with associated strong pyrrhotite mineralization is a further indication the mineralizing system
remains very strong at depth and continues to validate the current geological model that gold bearing
iron formations can be quite laterally extensive. Mineralization is hosted within silicate-sulfide iron
formation and characterized by stringer to locally disseminated pyrrhotite ranging from 3 to 25% with
local pyrite. Aside from pyrrhotite mineralization, strong to intense alteration consists of strong
hornblende, garnet and grunerite with significant overprinting of primary bedding structures.
DL22-025
was drilled to test the interpreted center of the plunge line, piercing approximately 78 meters below the
previously reported deepest hole DL22-024, which returned a core length intercept of
8.82 g/t Au over
3.90m.
This was a part of a broader zone of mineralization of 3.42 g/t Au over 19.61m.
(see MEK
news release dated 24 March 2022 and Figure 2 Schematic Section DL21-025).
Figure 1 Schematic Longitudinal
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Figure 2 Schematic Section DL22-025
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Alexander (Sandy) Stares, President and CEO of Metals Creek States "DL22-025 clearly demonstrates
the continuation of high-grade mineralization at depth with similar strong alteration and mineralization to
that of other high-grade intercepts previously reported. Our geologists have done a tremendous job
targeting the Banded Iron Formation below existing drilling."
Drilling is ongoing and will continue to target the mine stratigraphy as well as test peripheral targets
which include the North West Zone and the East Iron Formation.
Table 1 - Significant Results
Drillhole Number
Meters
From
Meters To
Total
Meters
G/T
Gold
Zone
DL22-025
792.81
802.32
9.51
8.11
Main
including
798.35
802.32
3.97
14.10
Main
Drill intercepts are core lengths and are believed to be 70-80% true thickness.
Assays are pending for 5 drill holes at Dona Lake, results will be released once they are received and
compiled. In addition, assays from Ogden drilling will be released once they are received and complied.
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 1,122 hectares and covers the past producing Dona Lake Mine.
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 Activation 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 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 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 : [email protected]
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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https://www.newsfilecorp.com/release/119306