alberta diamond exchange

Metals Creek Reports DL 21-014 Returns 4.08 g/t Gold over 20.85 Meters Including 13.1 g/t Gold over 2 Meters in Main Zone at Dona Lake

Main Zone returns 4.08 g/t Au over 20.85m further defining high grade mineralization south of mine workings

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 DL21-014 from the phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).

Drill hole DL21-014 intersected the Main Zone at approximately 427m below surface and returned a core length intercept of 13.1 grammes per ton (g/t) gold (Au) over 2.00 meters (m) (460.00 - 462.00m). This was a part of a broader zone of mineralization of 4.08 g/t Au over 20.85m (460.00 - 480.85m). (See Table 1 Significant Results). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 12% with local pyrite. Sections of silicate-oxide iron formation with magnetite present. Alteration consists of moderate to strong hornblende, grunerite and garnets with strong folding. This intercept is located south of the mine workings between the 360 and 455 level. Previously released holes DL21-07, 11 and 12 which are also south of the mine workings and between levels 360 and 455 in conjunction with hole DL21-014 continue to clearly demonstrate that high grade mineralization remains south of the mine workings above the 455 level.

Drilling has also successfully continued to delineate high grade mineralization below the 455 level along with further defining remaining high-grade mineralization south of the Dona Lake mine workings.

Future drilling will continue to target the down plunge extension of the mine stratigraphy and continue to build on recent success in delineating high grade mineralization remaining south of the mine workings as well as testing for any high-grade mineralization north of the mine workings.

Alexander (Sandy) Stares, President and CEO of the Company states, "Drilling at Dona Lake continues to further define high grade gold mineralization remaining outside of the mine workings above the 455 level as well as extending the mine stratigraphy down plunge below the 455 level, which was the lowest most development at the Dona Lake mine. This drill program is now completed with results still pending which will be released once they are received and compiled."

Drill Hole Number Meters From Meters To Total Meters Grammes Per Ton Gold Remarks
DL21-014 460.00 480.85 20.85 4.08 Main Zone
Including 460.00 462.00 2.00 13.10 Main Zone
And including 468.00 474.00 6.00 5.99 Main Zone

 

Table 1 (Significant Results)

Drill intercepts reported in this hole are not true widths. There is insufficient data at this point to determine a true orientation.

Drill results will be released once they are received and compiled.

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

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/943/89359_722b6dbaa48d9936_002.jpg

Figure 1 - (Main Zone Long Section)

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/89359_722b6dbaa48d9936_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89359

News Provided by Newsfile via QuoteMedia

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...
Dana Samuelson, silver bars.

Dana Samuelson: Gold, Silver Bottom? Watch These Key Price Levels

Dana Samuelson, president of American Gold Exchange, shares his outlook for gold and silver prices, honing in on support and resistance levels. "It'll be hard to find a real, hard bottom, but I think we're getting pretty close to it," he said.Don't forget to follow us @INN_Resource for real-time... Keep Reading...
Andy Schectman, gold and silver bars

Andy Schectman: Gold Price is Misdirection — What to Watch Instead

Andy Schectman, president of Miles Franklin, shares his latest thoughts on the gold market, emphasizing that prices are a tool of misdirection.He believes what's important right now is the growing emphasis on physical delivery of metal.Don't forget to follow us @INN_Resource for real-time... Keep Reading...
Drill in dirt at mine site with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Australian Mining Stocks This Week: CGN Resources Spikes on Maiden Gold Drilling

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.Companies focused on gold, helium and critical minerals shone this week, with copper and gold explorer CGN Resources taking the top spot.Read on to discover this week's top gaining Australian... Keep Reading...
Tavi Costa: Gold, Silver, Copper — Outlook, Plus My Strategy Now

Tavi Costa: Gold, Silver, Copper — Outlook, Plus My Strategy Now

Tavi Costa, CEO of Azuria Capital, shares his outlook for gold, silver and copper. He also speaks about the commodities space more broadly, emphasizing the importance of holding hard assets as the US treasury market struggles to retain credibility.Don't forget to follow us @INN_Resource for... Keep Reading...
Rick Rule, mine site.

Rick Rule: Oil Bull Case, Plus the Only 3 Gold Stocks You Need

Rick Rule, proprietor at Rule Investment Media, shares his short- and long-term oil outlook. He also weighs in on gold's price pullback, referring to it as a "hiatus" similar to the one seen in 1975. Click here for this year's Rule Symposium recordings. Don't forget to follow us @INN_Resource... Keep Reading...
Precious Metals & Critical Minerals Virtual Investor Conference Agenda Announced for July 22nd & 23rd

Precious Metals & Critical Minerals Virtual Investor Conference Agenda Announced for July 22nd & 23rd

Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

Virtual Investor Conferences, the leading proprietary investor conference series, announced the agenda for the Precious Metals & Critical Minerals Virtual Investor Conference to be held July 22nd & 23rd, 2026.Individual investors, institutional investors, advisors, and analysts are invited to... Keep Reading...

Interactive Chart

Latest Press Releases

Related News