Metals Creek Receives Deepest Results to Date from Dona Lake Drilling Deepest Drill Intercept to date extending gold mineralization 85m down plunge High Grade Intercept of 8.82 g/t Gold over 3.90m
Metals Creek Receives Deepest Results to
Date from Dona Lake Drilling
Deepest Drill Intercept to date extending gold mineralization 85m down plunge
High Grade Intercept of 8.82 g/t Gold over 3.90m
Thunder Bay Ontario--(Newsfile Corp. - March 24, 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 hole DL22-024 from the phase III diamond drill program at the Dona Lake
Gold project (See News Release November 08, 2021).
Results from drill hole DL22-024 is the deepest intercept to date from Dona Lake drilling. This hole
intersected the Main Zone stratigraphy at approximately 675 meters below surface and 220 meters
below the lowermost mine working (455 Level) returning a core length intercept of
8.82 grammes per
ton (g/t) gold (Au) over 3.90 meters (m) (723.00 - 726.90m).
This was a part of a broader zone of
mineralization of 3.42 g/t Au over 19.61m (707.29 - 726.90m).
(See Table 1 Significant Results and
figure 1 Schematic Longitudinal). This hole demonstrates that the iron formation, with associated
alteration, deformation and mineralization continues down plunge, remaining open at depth.
Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to
disseminated pyrrhotite ranging from 1 to 15% with local pyrite. Aside from pyrrhotite mineralization,
alteration consists of moderate to strong hornblende, garnet and grunerite.
DL22-024 was drilled to test
the interpreted center of the plunge line, piercing approximately 85 meters below the previously reported
deepest hole DL21-016, which intercepted 5.00g/t Au over 3.00m (see MEK news release dated 18
August 2021 and Figure 2 Schematic Section DL21-024).
Figure 1 Schematic Longitudinal
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Figure 2 Schematic Section DL22-024
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Management is highly encouraged with the assay results from hole DL22-024.
This intercept clearly
demonstrates the continuity of high-grade gold mineralization and associated silicate-oxide iron
formation below current drilling as well as strong alteration and pyrrhotite.
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.
Drillhole Number
Meters
From
Meters To
Total
Meters
G/T
Gold
Zone
DL22-024
707.29
726.90
19.61
3.42
Main
including
723.00
726.90
3.90
8.82
Main
Table 1 - Significant Results
Drill intercepts are core lengths and are believed to be 70-80% true thickness.
Further 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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/117970