Metals Creek Drills Multiple High-Grade Intercepts Including 36.21 g/t Gold over 2.47 Meters in Hole DL22-029 at Dona Lake 3 High-Grade intercepts with associated VG New High-Grade Discovery within Quartz Vein
Metals Creek Drills Multiple High-Grade
Intercepts Including 36.21 g/t Gold over 2.47
Meters in Hole DL22-029 at Dona Lake
3 High-Grade intercepts with associated VG
New High-Grade Discovery within Quartz Vein
Thunder Bay, Ontario--(Newsfile Corp. - June 9, 2022) -
Metals Creek Resources Corp.
(
TSXV:
MEK) (OTCQB: MCREF) (FSE: M1C1)
(the "
Company
" or
Metals Creek
) is pleased to announce
additional diamond drill results from drill holes DL22-029, 030 and 031 of the phase III diamond drill
program at the Dona Lake Gold project (See News Release November 08, 2021).
Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the
main zone stratigraphy, below the 455 level of the past producing Dona Lake Gold mine (See Figure 1,
Schematic Long Section and Figure 2, Schematic X-Section).
Hole 029 intersected the Main Zone
stratigraphy 499 meters below surface and returned a core length intercept of
11.80 grammes per ton
(g/t) gold (Au) over 3.66 meters(m) (539.47-543.13m
).
This was a part of a broader zone of
mineralization of 6.38
g/t Au over 11.33m (531.80-543.13m).
Mineralization was hosted within a
silicate sulfide iron formation with 0.5 to 25% pyrrhotite and local pyrite with associated grunerite and
garnets. Visible gold was noted in this intercept.
A second zone of mineralization was intercepted 516m
below surface, which returned a core length intercept of
36.21 g/t Au over 2.47m
,
(558.63-561.10m).
This second zone of mineralization is also within the main zone stratigraphy and is separated from the
noted intercept above by 11m of felsic dike material. It is hosted within a moderately foliated and
chloritized iron formation with 1-20% pyrrhotite and 2-10% pyrite.
Visible gold was also noted in this
intercept.
A third zone of high-grade gold mineralization was intercepted 54m east (in the hanging-wall) of the main
zone iron formation within quartz stockwork returning a grade of
67.10
g/t Au over 0.28m (470.35-
470.63m) (See Figure 2, Schematic X-Section).
This high-grade veining was intercepted 435m below
surface and is hosted within sheared mafic volcanic adjacent to an intermediate dike.
Significant visible
gold (30 specks) was observed in association with moderate alteration consisting of sericite and 1-2%
disseminated pyrite.
Select pieces of drill core from DL22-029 will be available for viewing at MEK booth # 2640
during PDAC, 13-15 June, 2022 .
Two additional holes were drilled testing peripheral iron formations outside the Dona Lake mine
stratigraphy.
These holes were planned to better define the orientation and composition of these iron
formations. Hole DL22-030 tested the northwest iron formation (See attached Figure 3, Drill Hole
location map) returning a core length intercept of 0.66 g/t Au over 9.10m (71.00-80.10m).
Mineralization
was hosted within silicate-oxide iron formation with trace to 3% pyrrhotite. Hole DL22-031 returned no
significant results (NSA) within a chert rich iron formation with local seams of massive pyrrhotite. This
hole was drilled east of the Dona Lake mine.
The phase III diamond drill program has successfully defined additional high-grade gold mineralization
south of the Dona Lake mine workings.
Deeper drilling targeting stratigraphy below the lowermost mine
workings has extended high-grade gold mineralization down plunge to a vertical depth of 753m (See
news release April 5, 2022). Recently reported drill hole
DL22-025 returned 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.
Drill Hole
Number
From (m)
To (m)
Total (m)
Grammes
Per Ton Gold
Remarks
DL22-029
470.35
470.63
0.28
67.10
New Qtz Vein
and
531.80
543.13
11.33
6.38
Main Zone
Including
539.47
543.13
3.66
11.80
Main Zone
and
558.63
561.10
2.47
36.21
Main Zone
DL22-030
71.00
80.10
9.10
0.66
NW Iron Formation
DL22-031
NSA
East Iron Formation
Table 1 - Significant Results
Figure 1 Schematic Longitudinal
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/943/127066_a8a20679f4ff7a0c_003full.jpg
Figure 2 Schematic Cross-section
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/943/127066_a8a20679f4ff7a0c_004full.jpg
Figure 3 Drill Hole location Map
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/943/127066_a8a20679f4ff7a0c_005full.jpg
True thickness is 70-80% of drill intercept length.
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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/127066