Metals Creek Outlines Additional SGH Gold Anomalies at the Ogden Gold Project
Metals Creek Outlines Additional SGH Gold
Anomalies at the Ogden Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - December 13, 2021) -
Metals Creek Resources Corp.
(
TSXV: MEK
)
(
OTCQB: MCREF
)
(
FSE: M1C1
) (the “
Company
” or
Metals Creek
) is pleased to
announce it has received results from phase II of its Spatiotemporal Geochemical Hydrocarbon ("SGH")
Gold survey conducted in July of 2021
on its Ogden Gold property in the heart of the Timmins Gold
Camp.
The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("
Newmont
"), with the
Company serving as the operator.
Following up on the success of the first SGH sampling program (Phase I) in 2020 (See News release
February 22, 2021), Phase II was conducted to further extend sampling on the property to the western
and eastern boundaries along the porcupine-destor break and prospective stratigraphy. A total of 983
samples were collected on 100 meter spaced lines with nominal sample spacings of 25 meters like that
of phase I.
Three new prospective gold targets were identified which are listed below as well as their
corresponding rating. With greater than 97% of the project covered by overburden, SGH can greatly
expedite the target generation process; potentially resulting in substantial cost savings when evaluating
and ultimately delineating these potential targets.
SGH is a deep penetrating geochemistry that involves testing for specific hydrocarbons which are a
result from the decomposition of bacteria and microbes that feed on the target commodities as they
require inorganic elements to catalyze the reactions necessary to develop hydrocarbons. These
residues subsequently migrated to the surface as a flux of different classes of hydrocarbons. (ActLabs
Ogden Report).
The rating system for SGH surveys is 1 to 6, with 1 being the least prospective and 6 being the best.
Anything 4 or above is considered to be highly prospective. The subjective SGH signature rating for
Ogden East and West Phase II anomalies are as follows:
Ogden East - a rating of 4.5 on a scale of 6.0 for
Gold -
east of (South Zone) SZ
Ogden East - a rating of 4.0 on a scale of 6.0 for
Gold
- between (Thomas Ogden Zone) TOZ and
SZ
Ogden West - a rating of 4.0 on a scale of 6.0 for
Gold -
near western boundary
Figure 1:
Ogden SGH Anomalies
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/107445_501d5ec2b4b45847_002full.jpg
.
About the Ogden Gold Project
Work on the property by Metals Creek since 2009 has consisted of ground geophysical magnetic and
induced polarization surveys, down-hole induced polarization geophysical surveys, minor prospecting
and 137 diamond drill holes totaling 35,830m.
The Ogden Gold Project covers 8 kilometers of the Porcupine Destor Fault, which is the key conduit for
gold mineralization in the Timmins Gold camp. There are five known gold zones on the property, with
TOG and Naybob South seeing the majority of the work.
Drilling in 2012 and 2013 on TOG greatly
enhanced the corporations understanding of the geological and structural complexity within TOG and
their control on gold mineralization. The gold mineralization is associated with alteration zones within
porphyry dikes and Timiskaming sediments. The alteration consists of strong albitization and
silicification, with varying amounts of pyrite, arsenopyrite mineralization and commonly with associated
visible gold. Significant folding is present with enhanced gold grades along the fold hinges.
These fold
hinges have a gentle plunge to the east. Select results from these drill programs include:
6.08 grams per ton (g/t) gold (Au) over 21.85 meters (m) including 11.76g/t Au over 9.00m (TOG-
12-03)
9.46g/t Au over 18.55m and 6.17g/t Au over 6.62m (TOG-12-07)
2732.64g/t Au over 0.93m which is a part of a broader zone of mineralization of 210.19g/t Au over
12.53m. (TOG-13-25)
Upon performing a re-interpretation of the ground geophysical data in conjunction with applying known
structural trends known for hosting gold mineralization in the Timmins Gold Camp, a new discovery (TOG
West), 1 kilometer west of TOG resulted in an intercept of 5.20g/t Au over 2.90m.
More importantly, this
intercept resulted in the identification of a second fold structure parallel to that of TOG.
The South zone is described as a zone of intensely albitized mafic/ultramafics with abundant pyrite and
arsenopyrite.
Drill intercepts for South Zone include;
9.24g/t Au over 6.61m (OG09-012) and
6.21g/t Au over 6.63m (OG11-002) with both being within 100m of surface.
All above mentioned drill intercepts are within 150m of surface.
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.
About the SGH Survey
Actlabs describes the SGH survey as follows: "Actlabs' Spatiotemporal Geochemical Hydrocarbon
(SGH) analysis is a high-performance deep penetrating geochemistry which has successfully shown the
presence of deeply buried mineral deposits. The survey technique involves the collection of near surface
soils, peat, humus, till, and sand in the field and then desorbing the weakly bound heavy hydrocarbons in
the C5-C17 carbon series range at the laboratory from sample material. The desorbed organic
compounds are collected and introduced into a Gas Chromatograph/Mass Spectrometer (GC/MS)
where over 160 of these heavier hydrocarbon compounds are measured. The analysis identifies a
mixture of hydrocarbon compounds that provide a highly confident, unique fingerprint that identifies
mineralization under thick cover. Measurements do not recognize inorganic content in the samples;
therefore, the results do not reflect mobilized anomalies or any nugget affect. SGH in tandem with
geophysics is a cost-effective technique to improve drill targeting success."
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 past producing 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/107445