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...
Non-Renounceable Entitlement Offer to Raise $2.5 Million

Non-Renounceable Entitlement Offer to Raise $2.5 Million

Piche Resources (PR2:AU) has announced Non-Renounceable Entitlement Offer to Raise $2.5 MillionDownload the PDF here. Keep Reading...
Aurum extends BDT2 gold beyond current resource

Aurum extends BDT2 gold beyond current resource

Aurum Resources (AUE:AU) has announced Aurum extends BDT2 gold beyond current resourceDownload the PDF here. Keep Reading...
Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development

Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development

Horizon Gold Limited (ASX: HRN) (‘Horizon’ or ‘the Company’) is pleased to announce the Definitive Feasibility Study (‘DFS’ or ‘Study’) of its 100% owned Gum Creek Gold Project (‘Project’) in Western Australia.The Open Pit DFS confirms Gum Creek's potential to become Western Australia’s next... Keep Reading...
Acquisition of high grade copper gold project in Mauritania

Acquisition of high grade copper gold project in Mauritania

Zeus Resources Limited (ZEU:AU) has announced Acquisition of high grade copper gold project in MauritaniaDownload the PDF here. Keep Reading...
BSPH Accommodation Strategy Progressing

BSPH Accommodation Strategy Progressing

Maritana Minerals (MRT:AU) has announced BSPH Accommodation Strategy ProgressingDownload the PDF here. Keep Reading...
Gold bars overlaid with Chinese flag.

Chinese Banks Halt Retail Paper Gold Trading: Risk Mitigation or Price Discovery?

Chinese banks are pulling the plug on retail paper gold trading, causing a stir in the gold sector. Major Chinese banks, including the Industrial and Commercial Bank of China — the world’s largest by assets — have announced they will cease offering retail paper trading products linked to the... Keep Reading...

Interactive Chart

Latest Press Releases

Related News