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...
Steve Barton, mine site.

Steve Barton: Gold, Silver Prices, Plus Uranium's "Slam Dunk" Setup

Steve Barton, host of In It To Win It, weighs in on the recent price declines in gold and silver, outlining the odds for their next moves. He also discusses uranium, saying that current levels represent a strong entry point for investors. "I think this bet is a slam dunk. I think this is a... Keep Reading...
Westhaven Gold President and CEO Ken Armstrong.

Westhaven Gold: Infill Drilling Wraps at Shovelnose, Prefeasibility Study Targeted for 2027

Westhaven Gold (TSXV:WHN) is wrapping up a 35,000 meter infill drill program at its Shovelnose project in BC's Spences Bridge gold belt by the end of September, with a new mineral resource estimate (MRE) expected early next year. Results include 37 meters at 5.3 grams per tonne (g/t) gold and... Keep Reading...
GoldInxs CEO Nick Michael.

GoldInxs Targets Blackwater-Style Potential at Fishpot in Central BC

"The best place to find a new mine is right next to an existing mine."GoldInxs Mining (TSXV:INXS,OTCQB:INXGF) President and CEO Nick Michael says that idea is why the company is exploring its flagship Fishpot property in Central BC.Speaking to the Investing News Network at the Precious Metals... Keep Reading...
Don Durrett, gold and silver bars.

Don Durrett: Gold, Silver Stock Opportunity "Unbelievable," My Focus Now

Don Durrett of GoldStockData.com shares his updated gold and silver price outlook, as well as how his portfolio is focused given the current environment. "You have this unbelievable opportunity here — the leverage is just somewhat crazy," he said.Don’t forget to follow us @INN_Resource for... Keep Reading...
John Griffith, gold bars.

Gold Trend is Up, Output to Grow 500 Percent by 2030 | Gold Royalty's John Griffith

John Griffith, president of Gold Royalty (NYSEAMERICAN:GROY), outlines his company's growth plans in what he expects to continue to be a strong gold price environment. "If you just look at our current portfolio, we have over the next five years 500 percent growth all fully bought and paid for,"... Keep Reading...
Domestic Metals CEO Gordon Neal.

Domestic Metals Drilling Rio Tinto's Smart Creek Hole at a New Angle

Domestic Metals (TSXV:DMCU,OTCQB:DMCUF,FWB:03E0) President and CEO Gordon Neal discussed the drill program now underway at the Smart Creek project in Montana.Speaking with the Investing News Network at the Precious Metals Summit in Beaver Creek, Neal emphasized that Rio Tinto's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News