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 NumberMeters FromMeters ToTotal MetersG/T GoldZone
DL22-027399.95427.8527.90 2.64Main
including403.45408.785.335.18Main

 

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
Twitter.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 Drills 3.66 g/t Gold over 14.66 meters at The Ogden Gold Project

Metals Creek Drills 3.66 g/t Gold over 14.66 meters at The Ogden Gold Project

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for the final 6 holes of a nine (9) hole diamond drill program (See News Release February 7, 2022) on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested (See Fig. 1, Ogden DDH Planmap). Drilling at TOG targeted the potential of flat lying quartz bearing/siliceous secondary structures as well as strongly altered conglomerates and felsites. The altered conglomerates and felsites host pyrite +/- arsenopyrite and local free gold mineralization within the lowermost portion of the currently identified TOG fold structure. High-grade gold mineralization within TOG has a strong preferential association with the TOG fold axis, which has a shallow plunge to the east.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Metals Creek Samples up to 10.1 g/t Gold in Grab Samples at Clark's Brook West Zone in the Central Newfoundland Gold Belt

Metals Creek Samples up to 10.1 g/t Gold in Grab Samples at Clark's Brook West Zone in the Central Newfoundland Gold Belt

 Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) reports results from recent prospecting at the Clark's Brook Property up to 10.1 grammes per tonne (gt) Gold (Au). A table of rock sample results are listed below. Previous work on the Property included geochemistry, prospecting and diamond drilling on the Clark's Brook East Zone in 2017 and 2018 by joint venture partner Sokoman Minerals Corp, who subsequently returned the property to MEK. The Clark's Brook West Zone has not been drill tested to date. The distance between the Clark's Brook East and Clark's Brook West Zones is approximately 1.75 kilometers. This sampling has extended the gold mineralization at the West Zone for approximately 35 meters.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Clark's Brook Property in The Central Newfoundland Gold Belt Returned to Metals Creek

Clark's Brook Property in The Central Newfoundland Gold Belt Returned to Metals Creek

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) reports that General Copper Gold Corp. has terminated its agreement to acquire the Clark's Brook Property in central Newfoundland from Metals Creek (see MEK news release dated 29 July 2020).

The Clark's Brook Property is located in central Newfoundland, 25 km west of Glenwood and was originally staked in 2016 to cover two untested gold showings. Limited drill testing subsequent to the property acquisition had significant results up to 1.004 g/t Au over 25.8 m and 26.878 g/t Au over 0.25m. The 100% owned property consists of 31 claim units (7.7 sq. km.), surrounded by New Found Gold's Queensway Project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Metals Creek/Quadro Amends Yellow Fox/Careless Cove LOI

Metals Creek/Quadro Amends Yellow Fox/Careless Cove LOI

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) announces that Metals Creek and Quadro Resources Ltd (Quadro) have amended the Yellow FoxCareless Cove LOI.

Metals Creek and Quadro has signed an agreement amending the terms of the Aug. 11, 2020, Yellow Fox/Careless Cove letter of intent with Metals Creek Resources Corp. (see Oct. 8, 2020, news release for details of the original agreement).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Metals Creek Drills 4.24 g/t Gold over 5.61 Meters at the Ogden Gold Project

Metals Creek Drills 4.24 g/t Gold over 5.61 Meters at the Ogden Gold Project

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for 3 holes of a nine (9) hole diamond drill program (See News Release February 7, 2022) on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested. Drilling at TOG targeted potential flat lying quartz bearing structures and zones of albitization and silicification with associated mineralization within the lowermost portion of the currently defined TOG fold structure. High grade gold mineralization has a strong preferential association with the TOG fold axis which has a shallow plunge to the east.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Tempest Minerals

TEM | Yalgoo Update - Further Excellent Iron Results

Tempest Minerals Limited (ASX: TEM) is pleased to update that recent RC drilling at the Remorse Target has identified the presence of thick, high-grade, magnetite-hosted iron in initial assays which has now been confirmed with multiple drill holes over several kilometres of strike length. The Remorse Target is situated within the Company’s 100% owned Yalgoo Project which has multiple world-class iron ore operations nearby.

Keep reading...Show less
Great Boulder Resources

Divestment of Non-Core Whiteheads Gold Project

Great Boulder Resources (“Great Boulder” or the “Company”) (ASX: GBR) is pleased to provide an update regarding its Whiteheads Gold Project located 40km north of Kalgoorlie, Western Australia.

Keep reading...Show less
Sarama Resources

Sarama Announces Equity Placement of up to A$2M and Issue of Equity for Debt

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSXV:SWA) is pleased to announce it has received binding commitments to undertake a A$2 million (before costs) equity placement (the “Placement”).

Keep reading...Show less
Rio Silver

Rio Silver


Keep reading...Show less
M&A graphic.

Orla to Buy Musselwhite Gold Mine from Newmont for US$850 Million

Orla Mining (TSX:OLA,NYSEAMERICAN:ORLA) has entered into a definitive deal to buy the Musselwhite gold mine from Newmont (TSX:NGT,NYSE:NEM), positioning the company to more than double its annual gold production.

The purchase, valued at US$810 million, with two additional contingent payments of US$20 million each, will set Orla up as a diversified North American gold producer as it marks the company's entry into Canada.

The first contingent payment will be made if the spot gold price exceeds US$2,900 per ounce in the first year after the transaction closes, and the second will be made if the price exceeds US$3,000 in the second year after closure.

Keep reading...Show less
Gold map of the world over black background.

10 Largest Producers of Gold by Country (Updated 2024)

The top countries for gold production are poised to benefit from the current gold bull market, as are the gold mining operations in those countries.

After climbing throughout the year, the price of gold hit a high of US$2,782 per ounce on October 30, up more than US$700 since the start of 2024. While it pulled back to around US$2,600 in the weeks following the US election on November 5, prices are still elevated.

Additionally, falling interest rates, geopolitical tensions in Ukraine and the Middle East and continued central bank gold purchases are providing ongoing support for the price of gold.

Keep reading...Show less

Latest Press Releases

Related News

×