Metals Creek Drills 8.45 g/t Gold over 3.15 Meters at The Dona Lake Gold Project, Confirms Gold Mineralization Outside of Mined Out Area
Metals Creek Drills 8.45 g/t Gold over 3.15
Meters at The Dona Lake Gold Project,
Confirms Gold Mineralization Outside of
Mined Out Area
Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - Metals Creek Resources Corp. (TSXV: MEK)
(the "Corporation") is pleased to announce diamond drill results from the initial two drill holes 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 stratigraphy and a deep hole testing for the continuation of gold mineralization
below the lower most level of the Dona lake Mine (455 level).
Hole DL-20-002 was collared to test the continuation of gold mineralization immediately south of Dona
Lake mine workings at approximately 220m below surface. The first zone which is interpreted to be the
Main Zone and returned a core length intercept of 8.45 grams per tonne (g/t) Gold (Au) over 3.15 meters
(m) (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).
Mineralization is hosted within silicate-
sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 40%
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.
A second zone of mineralization further down hole returned a core length intercept of 2.34 g/t Au over
9.2m (278.60-287.80m). Mineralization is hosted within silicate-sulfide iron formation with 1 to 6 percent
disseminated to stringer pyrrhotite as well as trace to 1 percent pyrite and local magnetite. Alteration
consists of Strong silicification with quartz veining and local biotite, garnet and grunerite. This second
zone of mineralization is interpreted to B-Zone.
Hole DL20-001 was also collared to test the continuation of gold mineralization south of the Dona Lake
mine at 121m level below surface.
The Main Zone returned a core length intercept of 4.53 g/t Au over 1m
(139.00-140.00m). Mineralization consisted of 1 to 2% disseminated pyrrhotite with associated strong
silicification and quartz veining.
Table 1. Drill Hole Intercepts.
Drill Hole
Meters From
Meters to
Gold g/t
Total Meters
DL-20-001
137
153
0.74
16
Including
139
140
4.53
1
DL-20-002
254.85
269.2
2.43
14.35
including
254.85
260
5.67
5.15
Including
255.85
259
8.45
3.15
and
278.6
287.8
2.34
9.2
Including
286.7
287.8
5.89
1.1
Drill intercepts reported in holes DL20-001 and 002 are not true widths.
There is insufficient data at this
point to determine a true orientation.
The Corporation is still awaiting assays for hole DL20-003.
Hole 003 was drilled to test for the
continuation of gold mineralization below the lower most level (455 level) of the Dona Lake mine.
Assays
will be reported once they are received and compiled.
Alexander (Sandy) Stares, President and CEO of Metals Creek states "Being that Metals Creek is in the
early stages of its planned exploration programs, this initial drilling clearly demonstrates that there is
additional gold mineralization outside of the previously mined area of the Main Zone at Dona lake. We
anxiously await the results from the final, deeper hole drilled in this program (DL-20-003) as we prepare
for a follow up drill program."
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/63358