Metals Creek Drills 8.45 g/t Gold over 3.15 Meters at The Dona Lake Gold Project, Confirms Gold Mineralization Outside of Mined Out Area

2020-09-08 / @newsfile

 

Toronto, Ontario--(Newsfile Corp. - September 8, 2020) -  Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to announce diamond drill results from the initial two drill holes of the Corporation's first diamond drilling program on the Dona Lake Gold Project (the "Project") in the Pickle Lake Gold Camp, Ontario. A total of 1411 meters were drilled in two shallow holes that tested both the Main Zone and B Zone stratigraphy and a deep hole testing for the continuation of gold mineralization below the lower most level of the Dona lake Mine (455 level).

Hole DL-20-002 was collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings at approximately 220m below surface. The first zone which is interpreted to be the Main Zone and returned a core length intercept of 8.45 grams per tonne (g/t) Gold (Au) over 3.15 meters (m) (254.85-259.00m). This intercept was a part of a broader zone of mineralization returning a core length intercept of 5.67 g/t Au over 5.15m (254.85-260.00m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 40% with local pyrite and magnetite. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite in conjunction with strong folding.

A second zone of mineralization further down hole returned a core length intercept of 2.34 g/t Au over 9.2m (278.60-287.80m). Mineralization is hosted within silicate-sulfide iron formation with 1 to 6 percent disseminated to stringer pyrrhotite as well as trace to 1 percent pyrite and local magnetite. Alteration consists of Strong silicification with quartz veining and local biotite, garnet and grunerite. This second zone of mineralization is interpreted to B-Zone.

Hole DL20-001 was also collared to test the continuation of gold mineralization south of the Dona Lake mine at 121m level below surface. The Main Zone returned a core length intercept of 4.53 g/t Au over 1m (139.00-140.00m). Mineralization consisted of 1 to 2% disseminated pyrrhotite with associated strong silicification and quartz veining.

Table 1. Drill Hole Intercepts.

Drill HoleMeters FromMeters toGold g/tTotal Meters
DL-20-0011371530.7416
Including1391404.531
DL-20-002254.85269.22.4314.35
including254.852605.675.15
Including255.852598.453.15
and278.6287.82.349.2
Including286.7287.85.891.1

 

Drill intercepts reported in holes DL20-001 and 002 are not true widths. There is insufficient data at this point to determine a true orientation.

The Corporation is still awaiting assays for hole DL20-003. Hole 003 was drilled to test for the continuation of gold mineralization below the lower most level (455 level) of the Dona Lake mine. Assays will be reported once they are received and compiled.

Alexander (Sandy) Stares, President and CEO of Metals Creek states "Being that Metals Creek is in the early stages of its planned exploration programs, this initial drilling clearly demonstrates that there is additional gold mineralization outside of the previously mined area of the Main Zone at Dona lake. We anxiously await the results from the final, deeper hole drilled in this program (DL-20-003) as we prepare for a follow up drill program."

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 1,063 hectares and covers the past producing Dona Lake Mine.

Currently there are four known gold bearing oxide iron formations that host gold mineralization on the Dona Lake Gold Project. During compilation work by Corporation personnel, it was determined that the deepest hole found to date was drilled approximately 100m below the mine workings of the Main Zone (455m). This hole (455-2) was drilled by Placer Dome (Mine Operator) and returned a down hole intercept of 4.36 g/t Gold over 21.08 meters indicating the continuation of mineralization at depth below the bottom level (455 Level) of the Dona Lake Mine Main Zone.

A second zone (B Zone), footwall to the Main Zone, was partially drilled off by Placer Dome (Mine Operator) but only saw limited development and test mining and is open at depth with limited drilling along strike. B Zone is defined as a steeply plunging zone with intersections including 14.17 g/t Au over 15.31 m, 9.9 g/t Au over 10.6 m, 7.85 g/t Au over 5.85m and 12.44 g/t Au over 4.6m.

The above-mentioned historic drill intercepts are historical in nature and have not been verified or validated by the Corporation. Reported intercepts are not true widths. At this time there is insufficient data to calculate a true orientation.

A Presentation for the Dona Lake Gold Project can be viewed at:

http://www.metalscreek.com/upload/documents/dona-lake-presentation-april-2020.pdf

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 Act 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 Corporation 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
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63358