Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake
Metals Creek Drills 2.64 g/t Gold over 27.90
Meters at Dona Lake
Thunder Bay, Ontario--(Newsfile Corp. - April 25, 2022) -
Metals Creek Resources Corp. (TSXV:
MEK) (OTCQB: MCREF) (FSE: M1C1)
(the "
Company
" or
Metals Creek
) is pleased to announce
additional diamond drill results for drill hole DL22-027 from the phase III diamond drill program at the
Dona Lake Gold project (See News Release November 08, 2021).
Results from drill hole DL22-027 continue to further define high grade gold mineralization south of the
mine workings at the past producing Dona Lake Gold mine. This hole intersected the Main Zone
stratigraphy 368 meters below surface and returned a core length intercept of
5.18 grammes per
ton(g/t) gold (Au) over 5.33 meters(m) (403.45 - 408.78m).
This was a part of a broader zone of
mineralization of 2.64 g/t Au over 27.90m (399.95 - 427.85m).
(See Table 1 Significant Results,
figure 1 Schematic Longitudinal and figure 2 schematic x section). Mineralization is hosted within
silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging
from 1 to 4% with local pyrite. Magnetite rich sections with local pyrrhotite stringers are also present.
Aside from pyrrhotite mineralization, alteration consists of strong hornblende and grunerite with local
garnet alteration.
This phase III diamond drill program has successfully defined additional high-grade gold mineralization
south of the Dona Lake mine workings. Deeper drilling targeting Main Zone stratigraphy below the
lowermost mine workings has further extended high grade gold mineralization down plunge to a vertical
depth of 753m (See news release April 5, 2022) from recently reported drill hole DL22-025 returning a
high-grade down hole intercept of 8.11 g/t over 9.51m. This hole represents the deepest hole to date on
the Dona Lake property with gold mineralization remaining open at depth.
Figure 1 Schematic Longitudinal
To view an enhanced version of Figure 1, please visit:
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Figure 2 Schematic Cross-section
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Table 1 - Significant Results
Drillhole
Number
Meters From
Meters To
Total Meters
G/T
Gold
Zone
DL22-027
399.95
427.85
27.90
2.64
Main
including
403.45
408.78
5.33
5.18
Main
Drill intercepts are core lengths and are believed to be 70-80% true thickness.
Assays are pending for 4 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:
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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