Metals Creek Samples up to 42.8 G/t Gold in First Round of Prospecting on the Shabaqua Corners Gold Property
Metals Creek Samples up to 42.8 G/t Gold in
First Round of Prospecting on the Shabaqua
Corners Gold Property
Thunder Bay Ontario--(Newsfile Corp. - May 25, 2023) -
Metals Creek Resources Corp.
(TSXV:
MEK) (FSE: M1C1)
(the "Company" or Metals Creek)
is pleased to announce assay results from the
initial round of prospecting on its recently acquired Shabaqua Corners property.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder
Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has
seen very little exploration work.
Initial field activities on the Shabaqua Corners Gold Property concentrated on evaluating the previously
reported (See news release: March 28, 2023) historic gold mineralization that is hosted within an east-
west trending zone of mineralization.
24 samples were collected (See table 1 and figure 1 below) with
assays ranging from ≤0.005 to 42.8 grammes per tonne (g/t) Gold (Au) within strongly altered mafic
volcanics. Alteration consists of pervasive iron carbonate with associated quartz carbonate veining and
stockwork ranging from 2-30% of the host rock as well as local fuchsite within more sheared areas.
Mineralization consists of trace to 10% disseminated to stringer pyrite with local arsenopyrite up to 1%.
Very fine visible gold (VG) was noted within samples MAM23-001 and 020. Preliminary interpretation
indicates gold mineralization occurs at the contact with mafic volcanics and sediments with associated
shearing and iron carbonate alteration.
(Note: The surface grab samples described in this news
release are selective by nature and are unlikely to represent average grades of the property.)
Prospecting and geological mapping is ongoing with the aim of further delineating known gold
mineralization along strike as well as continuing to evaluate other portions of the property for prospective
gold bearing parallel structures as demonstrated within other projects within the Shebandowan
Greenstone Belt.
The project is underlain by mafic volcanics with interbedded sediments. Gold mineralization is hosted
within an east-west trending zone of pervasive carbonate alteration with associated quartz carbonate
veins and pyrite/arsenopyrite.
Alexander (Sandy) Stares states, "This initial phase of prospecting confirms the high-grade nature of
gold mineralization on the Shabaqua Corners Property. We are especially encouraged that 4 of the 24
samples collected ran over 30g/t Au."
Sample Number
Gold Parts Per Billion (ppb)
Remarks
MAM23-001
31800
Visible Gold
MAM23-002
955
MAM23-003
274
MAM23-004
37
MAM23-005
2620
MAM23-006
42800
MAM23-007
2630
MAM23-008
39
MAM23-009
78
MAM23-010
22
MAM23-011
13
MAM23-012
< 5
MAM23-013
< 5
MAM23-014
10100
MAM23-015
42000
MAM23-016
10800
MAM23-017
2510
MAM23-018
2270
MAM23-019
6060
MAM23-020
9640
Visible Gold
MAM23-021
453
MAM23-022
505
MAM23-023
32100
MAM23-024
18100
Table 1 Assay Results
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/167406_09e974a0a47919cb_002full.jpg
The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA)
drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m (Source: Delta New Release
October 31, 2022). Trenching conducted on Delta's ground 390m east of the property boundary,
returned an interval of 2.22 g/t Au over 8m (Source: Delta Resources Website).
All samples were sent to Activation Laboratories.
The precious metals were analyzed utilizing a standard
fire assay with an atomic absorption finish.
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 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).
Metals Creek also has multiple quality projects available for option which can be viewed on the
Company's website. Parties interested in seeking more information about properties available for option
can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company 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
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/167406