Metals Creek Drill Hole DL21-021 Delivers 5.14 g/t Gold Over 12.76 Meters, Including 8.55 g/t Gold Over 6.19 Meters at Dona Lake
Metals Creek Drill Hole DL21-021 Delivers 5.14
g/t Gold Over 12.76 Meters, Including 8.55 g/t
Gold Over 6.19 Meters at Dona Lake
Thunder Bay, Ontario--(Newsfile Corp. - February 1, 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 holes DL21-020A and DL21-021 from the phase III diamond drill program at
the Dona Lake Gold project (See News Release November 08, 2021).
Drill hole DL21-021 intersected the Main Zone stratigraphy at approximately 465 meters(m) below
surface and 15m below the lowermost mine working (455 Level) returning a core length intercept of
8.55
grammes per ton (g/t) gold (Au) over 6.19m (506.81 - 513.00m).
This was a part of a broader
zone of mineralization of 5.14 g/t Au over 12.76m (506.81 - 519.57m).
(See Table 1 Significant
Results). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to
disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Alteration consists of moderate to strong
hornblende, grunerite and occasional garnets. With an increase in alteration, primary banding within the
iron formation has become more diffuse. The bottom portion of this unit sees an increase in magnetite
content with associated amphiboles.
Drill hole DL21-020A intersected the Main Zone at approximately 320m below surface and returned a
core length intercept of
4.35 grammes per ton (g/t) gold (Au) over 4 meters(m) (396.6-400.6m).
Mineralization is hosted within silicate-sulfide iron formation with disseminated to stringer pyrrhotite
ranging from 1 to 8% and trace disseminated pyrite.
Drilling to date has successfully extended high grade gold mineralization 151m below the lower most
mine working, or
596m below surface along with further defining high-grade mineralization 50m
south of the Dona Lake mine workings
.
Drilling is ongoing and will continue to target the down plunge extension of the mine stratigraphy as well
as test peripheral targets which include the North West Zone and the East Iron Formation.
Table 1 - Significant Results
Drill Hole
From (m)
To (m)
Total
(m)
Grammes
Remarks
Number
Per Ton Gold
DL21-020A
37.62
38.89
1.27
2.08
QV Zone
and
396.60
403.60
7.00
2.98
Main Zone
including
396.60
400.60
4.00
4.35
Main Zone
and
422.30
432.58
10.28
1.08
B Zone
DL21-021
506.81
519.57
12.76
5.14
Main Zone
including
506.81
513.00
6.19
8.55
Main Zone
Drill intercepts are core lengths and are believed to be 70-80% true thickness.
Drill results will be released once 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 1,122 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 :
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
Figure 1 - Main Zone Long Section
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/112237_c52c914c74fff801_002full.jpg
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/112237