Metals Creek DL22-025 Returns 14.10 g/t Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling

Metals Creek DL22-025 Returns 14.10 g/t Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling

  • Deepest Drill Intercept to date extending mineralization an additional 78m below recently reported DL22-024
  • High Grade Intercept of 8.11 g/t Gold over 9.51m including 14.10 g/t Gold over 3.97

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 DL22-025 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Results from drill hole DL22-025 is the deepest intercept to date from Dona Lake drilling. This hole intersected the Main Zone stratigraphy 753 meters below surface and 299 meters below the lowermost mine working (455 Level) returning a core length intercept of 14.10 grammes per ton (g/t) gold (Au) over 3.97 meters (m) (798.35 - 802.32m). This was a part of a broader zone of high-grade mineralization of 8.11 g/t Au over 9.51m (792.81 - 802.32m). (See Table 1 Significant Results and figure 1 Schematic Longitudinal, figure 2 Schematic Section). This hole clearly demonstrates the continuation of the main zone iron formation down plunge. The continued presence of strong to intense alteration with associated strong pyrrhotite mineralization is a further indication the mineralizing system remains very strong at depth and continues to validate the current geological model that gold bearing iron formations can be quite laterally extensive. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Aside from pyrrhotite mineralization, strong to intense alteration consists of strong hornblende, garnet and grunerite with significant overprinting of primary bedding structures. DL22-025 was drilled to test the interpreted center of the plunge line, piercing approximately 78 meters below the previously reported deepest hole DL22-024, which returned a core length intercept of 8.82 g/t Au over 3.90m. This was a part of a broader zone of mineralization of 3.42 g/t Au over 19.61m. (see MEK news release dated 24 March 2022 and Figure 2 Schematic Section DL21-025).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/943/119306_bd14793934f3388e_002.jpg

Figure 1 Schematic Longitudinal

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/943/119306_bd14793934f3388e_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/943/119306_bd14793934f3388e_003.jpg

Figure 2 Schematic Section DL22-025

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/943/119306_bd14793934f3388e_003full.jpg

Alexander (Sandy) Stares, President and CEO of Metals Creek States "DL22-025 clearly demonstrates the continuation of high-grade mineralization at depth with similar strong alteration and mineralization to that of other high-grade intercepts previously reported. Our geologists have done a tremendous job targeting the Banded Iron Formation below existing drilling."

Drilling is ongoing and will continue to target the mine stratigraphy as well as test peripheral targets which include the North West Zone and the East Iron Formation.

Table 1 - Significant Results

Drillhole Number Meters From Meters To Total Meters G/T Gold Zone
DL22-025 792.81 802.32 9.51 8.11 Main
including 798.35 802.32 3.97 14.10 Main

 

Drill intercepts are core lengths and are believed to be 70-80% true thickness.

Assays are pending for 5 drill holes at Dona Lake, results will be released once they are received and compiled. In addition, assays from Ogden drilling will be released once they are received and complied.

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 : astares@metalscreek.com
www.MetalsCreek.com
x.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119306

News Provided by Newsfile via QuoteMedia

MEK:CA
The Conversation (0)
metals creek

Metals Creek Resources

Exploring and Developing Past-Producing Gold Properties in Canada

Exploring and Developing Past-Producing Gold Properties in Canada Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Drops Below US$4,300 as Fed Hikes Rates

The US Federal Reserve made its latest interest rate decision on Wednesday (September 16), opting to increase the target range to 3.75 to 4 percent in its first hike in more than three years. In a statement, Fed Chair Kevin Warsh said that while the job market remains robust and economic... Keep Reading...
Pile of gold bars over black background.

5 Best-performing Gold Stocks on the TSX in 2026

The gold price hit record highs of over US$5,500 per ounce in January 2026, and while its price has pulled back, it has largely held above the US$4,000 mark since it first broke through that point in September 2025.Gold's growth may have been stalled by a variety of factors, including widespread... Keep Reading...
Map detail showing BC and Alberta with cities marked, bordered by blue ocean and green land areas.

Osisko Gold Reports Progress at Cariboo Project in BC

Osisko Gold Group (TSXV:OGG,NYSE:OGG) announced that as of September 30, construction of its Cariboo gold project in Central BC is 28 percent complete, based on costs incurred.By the end of September, the company had incurred C$355 million in project costs, while the estimated remaining cost to... Keep Reading...
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks in 2026

The gold price may have receded from the new all-time high above AU$6,860.28 per ounce set in Q1, but the yellow metal was still trading at historic highs in the third quarter.The gold bull market has been well-supported by a number of factors. Among them is the pervading geopolitical turmoil... Keep Reading...
Gold bars rest on overlapping Canadian banknotes, including denominations of 5, 10, 50, and 100 dollars.

Boroo Plans C$1.5 Billion Investment to Restart Yukon’s Eagle Gold Mine

Singapore-based Boroo has agreed to acquire Victoria Gold Corp. for up to C$140 million and plans to invest more than C$1.5 billion in the Eagle Gold Mine in Yukon, according to a Thursday (October 22) news release.The company will invest in environmental remediation, mine restart activities and... Keep Reading...
Gold bars on scale over red digital currency background. Text reads "Weekly Editor's Picks."

Editor's Picks: Gold Price Slips Below US$4,000, Expert Says US$3,600 Could be Next

It was a week of downward momentum for gold, which tumbled from above US$4,100 per ounce to below US$4,000 by the end of the period. Silver took a hit as well, sinking from close to US$58 per ounce to below US$54. Those prices represent important levels for both metals. Investors tend to focus... Keep Reading...

Interactive Chart

Latest Press Releases

Related News