Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce additional diamond drill results for drill hole DL22-027 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Results from drill hole DL22-027 continue to further define high grade gold mineralization south of the mine workings at the past producing Dona Lake Gold mine. This hole intersected the Main Zone stratigraphy 368 meters below surface and returned a core length intercept of 5.18 grammes per ton(g/t) gold (Au) over 5.33 meters(m) (403.45 - 408.78m). This was a part of a broader zone of mineralization of 2.64 g/t Au over 27.90m (399.95 - 427.85m). (See Table 1 Significant Results, figure 1 Schematic Longitudinal and figure 2 schematic x section). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 1 to 4% with local pyrite. Magnetite rich sections with local pyrrhotite stringers are also present. Aside from pyrrhotite mineralization, alteration consists of strong hornblende and grunerite with local garnet alteration.

This phase III diamond drill program has successfully defined additional high-grade gold mineralization south of the Dona Lake mine workings. Deeper drilling targeting Main Zone stratigraphy below the lowermost mine workings has further extended high grade gold mineralization down plunge to a vertical depth of 753m (See news release April 5, 2022) from recently reported drill hole DL22-025 returning a high-grade down hole intercept of 8.11 g/t over 9.51m. This hole represents the deepest hole to date on the Dona Lake property with gold mineralization remaining open at depth.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/943/121531_65412c43f4d3fa79_002.jpg

Figure 1 Schematic Longitudinal

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/121531_65412c43f4d3fa79_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/943/121531_65412c43f4d3fa79_003.jpg

Figure 2 Schematic Cross-section

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/943/121531_65412c43f4d3fa79_003full.jpg

Table 1 - Significant Results

Drillhole Number Meters From Meters To Total Meters G/T Gold Zone
DL22-027 399.95 427.85 27.90 2.64 Main
including 403.45 408.78 5.33 5.18 Main

 

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

Assays are pending for 4 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/121531

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...
A gold bar chart with increasing vertical columns on a white background.

Robert Sinn: More Upside Ahead for Junior Mining Investors

Gold, silver and copper have all hit record highs in 2026 as geopolitical tension, supply chain disruptions and mounting government debt push investors toward hard assets.Gold led the charge, peaking at US$5,589.38 per ounce on January 28 as investor uncertainty reached levels not seen in... Keep Reading...
Stock market tickers with various numbers in red and green; text reads: "mergers and acquisitions."

Artemis Gold Buys Vista Gold in US$427 Million Deal

Artemis Gold (TSXV:ARTG,OTCQX:ARGTF) has agreed to acquire Vista Gold Corp (NYSE:VGZ) in a US$427 million all-stock transaction that secures full ownership of the Mt Todd gold project in Australia’s Northern Territory.Under the definitive arrangement agreement, Vista Gold shareholders will... Keep Reading...

Orosur Mining

Orosur Mining is a gold exploration company focused on the development of early- to advanced-stage gold assets in South America. Exploration has revealed multiple gold deposits at its flagship Anzá gold project in Colombia, which is located 50 kilometers west of Medellín and sits along... Keep Reading...
Bill Holter: Gold's Next Leg Has Begun, This is the "Ultimate Catalyst"

Bill Holter: Gold's Next Leg Has Begun, This is the "Ultimate Catalyst"

Bill Holter of BillHolter.com believes gold's next leg higher has already begun, and its ultimate catalyst is the financial markets themselves. "I think price wise, we're early," he said. "Time wise, I don't think there's a lot of time left before we see the implosion of fiats. The inverse of... Keep Reading...
Spanish flag with stacked coins on a map

The Weight of Gold: Europe’s Thin Gold Story and New Opportunities

Gold remains abundant in Europe; what is currently scarce is gold-producing mines on the continent. Data from the World Gold Council reveals that Europe contributes only a small fraction to the overall global supply. 2025 production in the region was led by Finland with 8.7 tonnes, Bulgaria with... Keep Reading...

Interactive Chart

Latest Press Releases

Related News