Metals Creek Reports DL 21-014 Returns 4.08 g/t Gold over 20.85 Meters Including 13.1 g/t Gold over 2 Meters in Main Zone at Dona Lake Main Zone returns 4.08 g/t Au over 20.85m further defining high grade mineralization south of mine workings
Metals Creek Reports DL 21-014 Returns 4.08
g/t Gold over 20.85 Meters Including 13.1 g/t
Gold over 2 Meters in Main Zone at Dona Lake
Main Zone returns 4.08 g/t Au over 20.85m further defining
high grade mineralization south of mine workings
Thunder Bay, Ontario--(Newsfile Corp. - July 5, 2021) -
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 DL21-014 from the phase II diamond drill program at the Dona Lake Gold project
(See News Release November 18, 2020).
Drill hole DL21-014 intersected the Main Zone at approximately 427m below surface and returned a
core length intercept of
13.1 grammes per ton (g/t) gold (Au) over 2.00 meters (m) (460.00 -
462.00m).
This was a part of a broader zone of mineralization of 4.08 g/t Au over 20.85m (460.00
- 480.85m).
(See Table 1 Significant Results). Mineralization is hosted within silicate-sulfide iron
formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 12% with local
pyrite. Sections of silicate-oxide iron formation with magnetite present.
Alteration consists of moderate
to strong hornblende, grunerite and garnets with strong folding. This intercept is located south of the mine
workings between the 360 and 455 level. Previously released holes DL21-07, 11 and 12 which are also
south of the mine workings and between levels 360 and 455 in conjunction with hole DL21-014 continue
to clearly demonstrate that high grade mineralization remains south of the mine workings above the 455
level.
Drilling has also successfully continued to delineate high grade mineralization below the 455 level along
with further defining remaining high-grade mineralization south of the Dona Lake mine workings.
Future drilling will continue to target the down plunge extension of the mine stratigraphy and continue to
build on recent success in delineating high grade mineralization remaining south of the mine workings as
well as testing for any high-grade mineralization north of the mine workings.
Alexander (Sandy) Stares, President and CEO of the Company states, "Drilling at Dona Lake continues
to further define high grade gold mineralization remaining outside of the mine workings above the 455
level as well as extending the mine stratigraphy down plunge below the 455 level, which was the lowest
most development at the Dona Lake mine. This drill program is now completed with results still pending
which will be released once they are received and compiled."
Drill Hole Number
Meters From
Meters To
Total Meters
Grammes Per Ton Gold
Remarks
DL21-014
460.00
480.85
20.85
4.08
Main Zone
Including
460.00
462.00
2.00
13.10
Main Zone
And including
468.00
474.00
6.00
5.99
Main Zone
Table 1 (Significant Results)
Drill intercepts reported in this hole are not true widths.
There is insufficient data at this point to
determine a true orientation.
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
Figure 1 - (Main Zone Long Section)
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/89359_722b6dbaa48d9936_002full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/89359