douginil
11 months ago
Metals Creek Channel Samples 29.4 g/t Gold Over 0.60m From Main Zone on The Shabaqua Corners Gold Property
29.4 g/t Au over 0.6m within cherty silicified zone with 10% pyrite
6.96 g/t Au over 0.9m within quartz stockwork with 2% pyrite
Thunder Bay Ontario, November 21, 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce channel sample assay results from recently completed trenching program on the Shabaqua Corners Gold Property.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.
Channel sample results from the recently completed trenching program (See MEK news release dated September 7, 2023) targeting multiple prospective gold targets have been received from Main Zone. Mineralization consisted of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration hosted within a zone of intense silicification and quartz stockwork with associated brecciation. Results include 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m. Four (4) Grab samples collected immediately north (4-6m) of the main zone mineralization (See Figure 1) returned gold assays ranging from 396 parts per billion (ppb) up to 10.2 g/t Au indicating a potential parallel zone of mineralization as demonstrated in other gold zones within the Shebandowan Greenstone Belt. Preliminary interpretation indicates gold mineralization occurs at or near the contact with mafic volcanics and sediments, with shearing and intense iron carbonate alteration as well as potential secondary structures to that of main zone. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
Further assays are pending and will be released as they are received and compiled.
Historically, very little exploration work has been conducted on the project and management is highly encouraged with the trenching results to date. Over a short period of time, the company has been successful in discovering several new gold showings. The use of soil sampling has been instrumental in identifying prospective areas for trenching with pervasive overburden coverage. Utilizing this cost effective exploration tool has led to the discovery of five (5) new gold showings/zones. Due to significant overburden depths, several prospective gold in soil anomalies remain untested. With little to no drilling conducted on the property, the exploration potential at depth is very favorable as demonstrated on projects east of our eastern boundary where gold grades and widths appear to increase with depth.
douginil
1 year ago
Metals Creeks Discovers New High Grade Gold Mineralization with Assays up to 4.16 g/t Gold on the Shabaqua Corners Gold Property
Thunder Bay Ontario, , July 06 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce the new discovery of additional high grade gold mineralization on the eastern portion of the Shabaqua Corners Gold Property. This new discovery is the second new gold discovery (See news release: June 21, 2023) over the last several weeks which is a part of an ongoing prospecting and geological mapping program.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.
Prospecting and mapping activities on the Shabaqua Corners Gold Property continues to uncover areas of new gold mineralization within prospective areas outside of the Main Zone mineralization (See news release: May 25, 2023). This new zone of gold mineralization (East Zone) is located 397m east of Main Zone and returned assays ranging from 16 ppb (parts per billion) to 4116 ppb (4.16 grams per tonne). Gold mineralization is hosted within carbonate altered sediments which include conglomerates with associated quartz-carbonate veining and local stockwork striking roughly the same orientation to that of the main zone. Alteration is made of up strong silicification with pervasive iron carbonate. Mineralization consists of trace to 6% disseminated to stringer pyrite with trace to 2% arsenopyrite also present. ( See figure 1 and figure 2). Cubic pyrite is common throughout the alteration system and appears to be an important component for the presence of gold. Preliminary interpretation indicates gold mineralization occurs at the contact with mafic volcanics and sediments which is a high priority target for upcoming exploration work. An exploration permit has been applied for, so trenching within this and other areas on the property will take place once the permit is received. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
Management is highly encouraged with the recent success in discovering two new gold systems ( Echo Zone and East Zone) outside of the main zone mineralization over a short period of time, demonstrating the strong exploration potential for additional discoveries through systematic prospecting.
Prospecting and geological mapping is ongoing with the aim of further delineating known gold mineralization along strike of the recently discovered gold zones as well as continuing to evaluate other prospective areas of the property. Additional samples are currently at the lab awaiting results. MEK is also targeting potential parallel gold bearing structures as demonstrated within other projects within the Shebandowan Greenstone Belt.
The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m (Source: Delta New Release October 31, 2022). Trenching conducted on Delta’s ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m (Source: Delta Resources Website).
douginil
1 year ago
Metals Creek Discovers Second Zone of Gold Mineralization on the Shabaqua Corners Gold Property
Thunder Bay Ontario, 20 June, 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce the discovery of a second zone of gold mineralization through prospecting on its recently acquired Shabaqua Corners property.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.
This round of field activities on the Shabaqua Corners Gold Property concentrated on areas outside of the main zone mineralization, which is hosted within an east-west trending zone of silicification, pyritization and pervasive carbonate alteration. Nine samples were collected 235m northwest of the main mineralized zone (See news release: May 25, 2023) (See table 1 below, assay results), with assays ranging from 0.084 to 3.45 grams per tonne (g/t) Gold (Au). Gold mineralization is hosted within an altered conglomerate with associated quartz-carbonate veining and local stockwork striking roughly the same orientation to that of the main zone.(see figure 1 below, echo zone location). Alteration consists of pervasive iron carbonate with strong silicification and mineralization entails trace to 5% disseminated to stringer pyrite with trace arsenopyrite and galena also present.(see figure 2 below, sample GCS-23-017). An exploration permit has been applied for so trenching in this and other areas on the property can take place when the permit is received. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
Prospecting and geological mapping is ongoing with the aim of further delineating known gold mineralization along strike as well as continuing to evaluate other portions of the property. MEK is targeting potential parallel gold bearing structures as demonstrated within other projects within the Shebandowan Greenstone Belt.
Alexander (Sandy) Stares states “these assay results confirm the presence of gold mineralization outside of the known historical gold mineralization. Permits have been applied for and we are excited to begin trenching prospective targets once permits have been received.”
douginil
1 year ago
Metals Creek Discovers New Mineralization Up to 11.4 g/t Gold on the Bag Lake Claim Block in Flint Lake JV Property
Thunder Bay Ontario, June 14, 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce that the Company has discovered new gold mineralization on the Bag Lake claim block within the Flint Lake JV property while performing prospecting in May 2023.
The Property is operated through a joint venture agreement with Endurance Gold Corporation (“Endurance”, TSXV: “EDG”), in which Metals Creek holds an 81.3 % interest in the property and EDG holds the remaining 18.7%. The Flint Lake Property lies within the central portion of the east-west trending Wabigoon geological sub-province and is host to numerous underexplored greenstone hosted gold occurrences. This western portion of the Wabigoon greenstone belt is an emerging gold camp with developing projects from the Cameron Lake deposit by First Mining Gold and recently commissioned New Gold’s Rainy River Mine.
14 grab samples were taken from the new zone of mineralization with assays ranging from 93 parts per billion (ppb) gold (Au) to 11,400 ppb Au (11.4 grams per tonne (g/t) Au). Gold mineralization is hosted within pervasively carbonatized mafic volcanics with associated silicification. Strong pyrite mineralization is present ranging from 2-10% exhibiting both cubic and finely disseminated textures with local trace galena. Quartz veining and stockwork shows an association with the finely disseminated sulphides and chlorite along contacts. To date within the Bag Lake claim block, 3 parallel promising gold zones have been outlined as illustrated on figure 1 with limited work carried out on each. Follow-up sampling/prospecting will take place later in the summer to further evaluate the on-strike extent of the newly discovered gold mineralization and determine if this new zone is an on-strike extension of the previously defined middle gold trend. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
douginil
2 years ago
Metals Creek Drills 4.24 g/t Gold over 5.61 meters at the Ogden Gold Project
Thunder Bay Ontario, August 18, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) 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 50/50 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.
Highlights of the drilling include:
TOG-22-71 returned a downhole intercept (324.63 – 336.77m) of 1.13 grammes per ton (g/t) gold (Au) over 12.14 meters (m), visible gold was noted in this intercept. A second zone of mineralization (284.95 – 286.00m) was intercepted returning 12.3 g/t Au over 1.05m.
This hole was drilled to further define gold mineralization associated with the TOG fold structure (See attached Schematic Cross Section 1200W Fig. 1). This zone contains moderate to strong albitization, strong silicification and local fuchsite within an altered felsite unit. Fine-grained disseminated cubic pyrite is the dominant sulfide throughout as well as locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5%, with trace arsenopyrite and several fine specks of visible gold.
TOG-22-72 returned a downhole intercept (354.34 – 356.35m) of 4.71 g/t Au over 2.01m. A second zone of mineralization was cut (373.00 – 376.40m) returning 1.67 g/t Au over 3.4m. This hole (See attached Schematic Cross Section 1175W Fig. 2) was drilled 25m east of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022) to facilitate a better understanding of potential shallow dipping gold mineralization associated with secondary structures. Alteration consists of moderate to strong albitization and silicification within an altered conglomerate unit with local fuchsite. Fine-grained disseminated cubic pyrite occurs throughout and locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5% along with trace arsenopyrite.
TOG-22-73 returned a downhole intercept (346.25 – 351.86m) of 4.24 g/t Au over 5.61 m. This hole (See attached Schematic Cross Section 1225W Fig. 3) was drilled 25m west of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022). Like that of hole TOG-22-72, this hole was drilled to further define shallow dipping gold mineralization associated with secondary structures. A strongly altered felsite of intense albitization and silicification with associated wispy fuchsite alteration was intersected with fine-grained disseminated cubic pyrite throughout. Pyrite ranges from 1-5%with trace arsenopyrite and local fine specks of visible gold.
Goto website or more:
newsletter@metalscreek.com
douginil
2 years ago
Metals Creek Drills Multiple High-Grade Intercepts including 36.21 g/t Gold over 2.47 Meters in Hole DL22-029 at Dona Lake
June 9, 2022
- 3 High-Grade intercepts with associated VG
- New High-Grade Discovery within Quartz Vein
Thunder Bay Ontario, June 09, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce additional diamond drill results from drill holes DL22-029, 030 and 031 of the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).
Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the main zone stratigraphy, below the 455 level of the past producing Dona Lake Gold mine (See Figure 1, Schematic Long Section and Figure 2, Schematic X-Section). Hole 029 intersected the Main Zone stratigraphy 499 meters below surface and returned a core length intercept of 11.80 grammes per ton (g/t) gold (Au) over 3.66 meters(m) (539.47-543.13m). This was a part of a broader zone of mineralization of 6.38 g/t Au over 11.33m (531.80-543.13m). Mineralization was hosted within a silicate sulfide iron formation with 0.5 to 25% pyrrhotite and local pyrite with associated grunerite and garnets. Visible gold was noted in this intercept. A second zone of mineralization was intercepted 516m below surface, which returned a core length intercept of 36.21 g/t Au over 2.47m, (558.63-561.10m). This second zone of mineralization is also within the main zone stratigraphy and is separated from the noted intercept above by 11m of felsic dike material. It is hosted within a moderately foliated and chloritized iron formation with 1-20% pyrrhotite and 2-10% pyrite. Visible gold was also noted in this intercept.
A third zone of high-grade gold mineralization was intercepted 54m east (in the hanging-wall) of the main zone iron formation within quartz stockwork returning a grade of 67.10 g/t Au over 0.28m (470.35-470.63m) (See Figure 2, Schematic X-Section). This high-grade veining was intercepted 435m below surface and is hosted within sheared mafic volcanic adjacent to an intermediate dike. Significant visible gold (30 specks) was observed in association with moderate alteration consisting of sericite and 1-2% disseminated pyrite.
Select pieces of drill core from DL22-029 will be available for viewing at MEK booth # 2640 during PDAC, 13-15 June, 2022 .
Two additional holes were drilled testing peripheral iron formations outside the Dona Lake mine stratigraphy. These holes were planned to better define the orientation and composition of these iron formations. Hole DL22-030 tested the northwest iron formation (See attached Figure 3, Drill Hole location map) returning a core length intercept of 0.66 g/t Au over 9.10m (71.00–80.10m). Mineralization was hosted within silicate-oxide iron formation with trace to 3% pyrrhotite. Hole DL22-031 returned no significant results (NSA) within a chert rich iron formation with local seams of massive pyrrhotite. This hole was drilled east of the Dona Lake mine.
Go to web site for more info.
douginil
3 years ago
Metals Creek Receives Deepest Results to Date from Dona Lake Drilling.
Deepest Drill Intercept to date extending gold mineralization 85m down plunge
High Grade Intercept of 8.82 g/t Gold over 3.90m
Thunder Bay Ontario, March 24, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce diamond drill results for drill hole DL22-024 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).
Results from drill hole DL22-024 is the deepest intercept to date from Dona Lake drilling. This hole intersected the Main Zone stratigraphy at approximately 675 meters below surface and 220 meters below the lowermost mine working (455 Level) returning a core length intercept of 8.82 grammes per ton (g/t) gold (Au) over 3.90 meters (m) (723.00 – 726.90m).
Read more at:
https://www.metalscreek.com/april-5-2022
douginil
3 years ago
Metals Creek Drill Hole DL21-022 Returns 2.26 g/t Gold Over 22.04 Meters, Including 3.45 g/t Gold Over 10.13 Meters at Dona Lake
Thunder Bay Ontario, March 01, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce diamond drill results for drill holes DL21-022 and DL22-023 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).
Drill hole DL21-022 intersected the Main Zone stratigraphy at approximately 518 meters(m) below surface and 68m below the lowermost mine working (455 Level) returning a core length intercept of 3.45 grammes per ton (g/t) gold (Au) over 10.13m (557.00 – 567.13m). This was a part of a broader zone of mineralization of 2.26 g/t Au over 22.04m (549.11 – 571.15m). (See Table 1 Significant Results). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 1 to 15% with local pyrite. Alteration consists of moderate to strong hornblende, garnet and grunerite. Primary banding within the iron formation has become more diffuse with an increase in alteration intensity. Visible Gold (VG) was noted in this intercept.
Drill hole DL22-023 intersected the Main Zone stratigraphy at approximately 510m below surface and returned a core length intercept of 4.47 grammes per ton (g/t) gold (Au) over 1.83 meters(m) (586.01-587.84m). Mineralization is hosted within silicate-sulfide iron formation with disseminated to stringer pyrrhotite ranging from 1 to 15% and trace disseminated pyrite. VG was noted in this intercept. DL22-023 was the most northerly hole drilled by the Company to date as shown on the attached longsection in an attempt to further define the northern limit of gold mineralization within Main Zone.
Drilling to date has successfully extended high grade gold mineralization 151m below the lower most mine working, or 596m below surface along with further defining high-grade mineralization 50m south of the Dona Lake mine workings.
Drilling is ongoing and will continue to target the down plunge extension of the mine stratigraphy as well as test peripheral targets which include the North West Zone and the East Iron Formation.
Read more at:
https://www.metalscreek.com/march-1-2022
douginil
3 years ago
Metals Creek Drill Hole DL21-021 Delivers 5.14 g/t Gold Over 12.76 Meters, Including 8.55 g/t Gold Over 6.19 Meters at Dona Lake
Thunder Bay Ontario, February 01, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce diamond drill results for drill holes DL21-020A and DL21-021 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).
Drill hole DL21-021 intersected the Main Zone stratigraphy at approximately 465 meters(m) below surface and 15m below the lowermost mine working (455 Level) returning a core length intercept of 8.55 grammes per ton (g/t) gold (Au) over 6.19m (506.81 – 513.00m). This was a part of a broader zone of mineralization of 5.14 g/t Au over 12.76m (506.81 – 519.57m). (See Table 1 Significant Results). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Alteration consists of moderate to strong hornblende, grunerite and occasional garnets. With an increase in alteration, primary banding within the iron formation has become more diffuse. The bottom portion of this unit sees an increase in magnetite content with associated amphiboles.
Read more at:
https://www.metalscreek.com/february-1-2022
douginil
3 years ago
Metals Creek Reports Final Results from Recently Completed Drilling at Dona Lake
Thunder Bay Ontario, August 18, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce final diamond drill results for drill holes DL21-016 and DL21-017 from the phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
Drill hole DL21-017 returned a core length intercept of 2.17 grams per ton (g/t) gold (Au) over 15.70 meters(m) (568.40 – 584.10m). Included in this interval was 3.94 g/t Au over 4m (568.40 – 572.40m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 1 to 5% with local pyrite. Sections of silicate-oxide iron formation with magnetite is also present.
Drill hole DL21-016 intersected the main zone at approximately 596m below surface and returned a core length intercept of 5.0 g/t Au over 3m. This was a part of a broader zone of mineralization of 2.39 g/t Au over 11.42m (625.58 – 637.00m). (See Table 1 Significant Results). Mineralization consisted of 3-12% pyrrhotite with local pyrite. Alteration consists of moderate to strong grunerite, amphibole and garnets with strong folding also present locally. Hole DL21-016 intercepted the main zone stratigraphy approximately 58m north along strike and roughly the same elevation as hole DL21-010, which was the deepest hole drilled to date on the Dona Lake project. A 3m felsic dike was present within the high-grade mineralization in hole 016 resulting in a narrower high-grade intercept.
Both holes DL21-010 and DL21-016 continue to demonstrate the continuation of high-grade iron formation at depth below current drilling to date. Further delineation of the high-grade mineralization below the current drilling will be a high priority in the upcoming drill program scheduled for this fall.
“This round of drilling was successful in further defining mineralization below the 455 level as well as evaluating the 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 below existing drilling and continue to build on recent success in delineating high grade mineralization remaining south of the mine workings as well as testing for any potential high-grade mineralization north of the mine workings.” States Alexander (Sandy) Stares, President and CEO of Metals Creek.
Read more and view drill tables at:
https://www.metalscreek.com/august-18-2021
douginil
3 years ago
Metals Creek Initiates Exploration on the Ogden Gold Project
Thunder Bay Ontario, August 12, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce the Company has commenced exploration activities at the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation (“Newmont”), with the Company serving as the operator.
Diamond Drilling is expected to commence as soon as a drill rig becomes available. The Thomas Ogden Zone will be the main focus of the upcoming drill program with emphasis on further defining the orientation of high-grade cross cutting veins and mineralization as well as determining the special association of high-grade mineralization associated with cross-cutting structures as seen down plunge along the Thomas Ogden fold structure. Core orientation will be utilized.
Alexander (Sandy) Stares states, “The Metals Creek team is excited to restart exploration at the Ogden Gold Project. With funding recently secured from Crescat Capital, we have the required capital to kick start exploration in the Timmins Camp. This should prove to be an exciting summer/fall for Metals Creek shareholders as we will be active at both Dona Lake and Ogden”.
Read more at:
https://www.metalscreek.com/august-12-2021
douginil
3 years ago
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.
Thunder Bay Ontario, July 05, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) 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 360and 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.
Read & view drill results at:
https://www.metalscreek.com/july-5-2021
douginil
3 years ago
Metals Creek Receives Exploration permits for Ogden Gold Project
Thunder Bay Ontario, June 24, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce the Company have received Exploration permits for planned work at the Ogden Gold Project in Timmins Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont whereas MEK is the operator.
The Company has received exploration permits to conduct diamond drilling, line cutting and ground geophysics with priority focus on the Thomas Ogden Zone and Naybob South. The exploration program is expected to commence in the coming weeks.
Diamond Drilling is expected to commence the latter part of July, dependant on drill rig availability. The Thomas Ogden Zone will be the main focus of the upcoming diamond drill program with emphasis on further defining the orientation of high-grade cross cutting veins as well as mineralization associated with cross-cutting structures as seen down plunge along the Thomas Ogden fold structure. Core orientation will be utilized. Ground geophysics consisting of Deep Section Induced Polarization (IP) will also take place over Naybob South, Thomas Ogden (TOG) and Thomas Ogden West (TOGW) to help further define mineralization down-plunge associated with fold structures of TOG and TOGW as well as further defining the plunge direction of known sulfide mineralization within Naybob South.
Read more at:
https://www.metalscreek.com/june-24-2021
douginil
3 years ago
Metals Creek Reports 5.49 g/t Gold over 8.7 Meters in Main Zone at Dona Lake
Main Zone returns 3.04 g/t Au over 25.05m including 5.49 g/t Gold over 8.7m
Drilling continues to demonstrate potential for High Grade Mineralization south of mine workings
Thunder Bay Ontario, June 07, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce diamond drill results for three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
Drill hole DL21-012 intersected the Main Zone at approximately 410m below surface and returned a core length intercept of 5.49 grammes per ton (g/t) gold (Au) over 8.70 meters(m) (449.00 - 457.70m). This was a part of a broader zone of mineralization of 3.04 g/t Au over 25.05m (439.85 - 464.90m). (See Table of significant results Below). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 15% with local pyrite as well as sections of silicate-oxide iron formation with magnetite comprising10-25% of unit. Alteration consists of moderate to strong grunerite, hornblende and garnets with strong folding also present locally. This intercept is located south of the mine workings between the 360 and 455 levels and located 15m north of hole DL21-007 (See News Release March 29, 2021) (See figure 1). Hole DL21-012 along with hole DL21-007 continues to demonstrate the potential for high grade gold mineralization south of the mine workings.
Read & view drill table & grphics at:
https://www.metalscreek.com/june-7-2021
douginil
3 years ago
Metals Creeks Option Partner, Quadro Provides Updates on Exploration at the Careless Cove Property in the Central Newfoundland Gold Belt
Thunder Bay Ontario, May 27, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB:MCREF, FRA:M1C1) is pleased to announce that the company has been advised by Its Option partner, Quadro Resources Ltd (“Quadro” ) (TSXV: QRO, OTCQB: QDROF, FRA: G4O2) of an update on its recently announced soil sampling and prospecting survey on the Careless Cove property (the Property) located southwest of Glenwood in east-central Newfoundland (see Quadro press release dated April 28, 2021). The soil sampling and prospecting survey has been initiated as a first stage to defining targets for drill testing later in 2021.
Previous work on the two claim blocks which comprise the Property resulted in the discovery of gold mineralization up to 11.38g/t Au from the Eastern Block and 59.413 g/t Au from the Western Block as described below.
The Property is located within the Central Newfoundland Gold Belt, eleven km southwest of New Found Gold’s (NFG.V) Keats Zone where drilling is defining a very high-grade mineralized zone which includes recent intersections up to 146.2 g/t Au over 25.6 meters (see NFG press release dated May 21, 2021). Quadro’s claim licenses are partially surrounded by NFG’s Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization. (Note - Mineralization hosted on the Queensway Project is not necessarily indicative or representative of the mineralization that may be hosted on the Company’s property.)
Read more & view map at:
https://www.metalscreek.com/may-27-2021
douginil
3 years ago
Metals Creeks’ Option Partner General Gold Resources Fully Permitted for Drilling, Mobilizes Rigs on Clark’s Brook Property, Newfoundland
Thunder Bay Ontario, May 18, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce that the company has been advised by its option partner General Gold Resources Inc. (C-GGLD) (General Gold) (formerly, CellStop Systems Inc.) (CSE: GGLD) that it has received all drilling permits needed to commence its current Clark’s Brook exploration program. The Clark’s Brook property is comprised of 31 claim units in central Newfoundland and surrounded on three sides by the Queensway Project (see map below), currently being explored and drilled by New Found Gold Corp.
Read & view map, tables & graphics at:
https://www.metalscreek.com/may-18-2021
douginil
3 years ago
Metals Creeks Increases Property Size in The Central Newfoundland Gold Belt
Thunder Bay Ontario, May 12, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce that the company has increased through staking, the size of the River Road property to 508 claim units (12,700 hectares) in the Central Newfoundland Gold Belt.
The River Road Property is located approximately 39.5 kms south west of Newfound Golds Keats Zone, 4.5 kms north west of the Beaver Brook Antimony mine, and 26.5 kms south of Sokoman Minerals’ Moosehead property. (See figure 1).
The property is easily accessible by forestry logging roads and the new Nalcor Transmission Line transects the property.
The River Road Property has seen very little exploration work according to research conducted by company personnel and Metals Creek plans to evaluate the property thru prospecting and soil sampling geochemistry during the upcoming weeks. Metals Creek is currently applying for permits for this work.
Read more & view graphic at:
https://www.metalscreek.com/may-12-2021
douginil
4 years ago
Metals Creeks Option Partner, Quadro Resources Initiates Prospecting and Soil Geochemistry Survey on the Careless Cove Property in The Central Newfoundland Gold Belt
Thunder Bay Ontario, April 28, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB:MCREF, FRA:M1C1) is pleased to announce that the company has been advised by Its Option partner, Quadro Resources Ltd (“Quadro” ) (TSXV: QRO, OTCQB: QDROF, FRA: G4O2) that a soil sampling and prospecting survey has been initiated on the Careless Cove property (the Property) located southwest of Glenwood in east-central Newfoundland. Quadro acquired an option to earn a 100% interest in the claim licenses from Metals Creek Resources Corp. (See MEK News Release dated August 10, 2020) The terms of the acquisition are outlined as follows:
To acquire MEK’s interest, QRO will issue to MEK a total $100,000 and 1,500,000 shares according to the following schedule:
- $15,000 and 300,000 on signing; (Paid)
- $20,000 and 300,000 shares on the first anniversary;
- $20,000 and 400,000 shares on the second anniversary; and
- $45,000 and 500,000 shares on the third anniversary
Once QRO is vested at 100% by meeting all the payments above, MEK will retain a 2.0% Net Smelter Return (NSR) royalty on any future mineral production. QRO will have the right to purchase 50% of the NSR from MEK for $1,000,000.
The Property consists of two claim groups located 2 km apart. MEK initially staked the claim licenses to cover two areas of previously known gold occurrences described below.
The Property is located within the Central Newfoundland Gold Belt, eleven km southwest of New Found Gold’s (NFG.V) Keats Zone where drilling is defining a very high-grade mineralized zone which includes recent intersections up to (see NFG press release dated April 20, 2021). Quadro’s claim licenses are partially surrounded by NFG’s Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization. (Note - Mineralization hosted on the Queensway Project is not necessarily indicative or representative of the mineralization that may be hosted on the Company’s property.)
Read more at:
https://www.metalscreek.com/april-28-2021
douginil
4 years ago
Metals Creek Resources
News Today, Nice High Grade Intercept
Posted by: Bradwait
Date and time: 3/29/2021 9:25:49 AM
Drilled New High-Grade Near Surface Gold Discovery Main Zone returns 5.21 g/t Gold over 14.80 meters
Thunder Bay, Ontario--(Newsfile Corp. - March 29, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to announce diamond drill results for three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
While targeting Main Zone, drill hole DL21-007 intersected new high grade near surface mineralization within reddish-brown biotite altered mafic volcanics with associated quartz veining, pyrite mineralization and visible gold. The reddish-brown biotite alteration is potentially indicative of high temperature hydrothermal alteration. Very fine visible gold was noted within the quartz vein material. Quartz veining makes up approximately 60 percent of the intercept. This new zone (QV Zone) returned a core length intercept of 23.48 grams per tonne (g/t) gold (Au) over 1.72 meters (m) (57.35 - 59.07m). Based on available information, no surface diamond drilling appears to have occurred within this portion of the property, leaving this zone open both along strike and down dip. At this time, there is insufficient data to determine an orientation of this new zone.
Hole DL21-007 continued to intercept Main Zone at approximately 390m below surface and returned a core length intercept of 5.21g/t Au over 14.80m (434.45 - 449.25m). This was a part of a broader zone of mineralization of 3.88g/t Au over 23.08m (427.02 - 450.10m). (See Table of significant results Below). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 20% with local pyrite as well as sections of silicate-oxide iron formation. Alteration includes strong silicification with local quartz veining and locally moderate to strong grunerite, hornblende and biotite in conjunction with locally strong folding. This intercept is located south of the mine workings between the 360 and 455 level. B-Zone was also intercepted returning a core length intercept of 4.89g/t Au over 4.00m (460.00 - 464.00m). This intercept consisted of mainly 2 to 10% pyrrhotite and 1% pyrite within a silicate-sulfide iron formation.
Alexander (Sandy) Stares, President and CEO of Metals Creek, states, "We are highly encouraged about the New High-Grade Zone encountered in hole DL21-007. This New zone appears to be open both along strike and down dip and will be tested while targeting the Main Zone in future drilling. In addition, the results encountered from the main zone confirms our belief that high grade mineralization remains outside of the mined out area at the Dona Lake Gold Mine. Drillers have currently taken a break."
douginil
4 years ago
Thunder Bay, Ontario--(Newsfile Corp. - February 22, 2021) - Metals Creek Resources Corp. (TSXV: MEK) ("Metals Creek" or the "Company") is pleased to announce it has received encouraging results from it's Spatiotemporal Geochemical Hydrocarbon ("SGH") Gold survey conducted in September, 2020 at its Ogden Gold property in the heart of the Timmins Gold Camp.
During Phase 1 of the SGH program, Metals Creeks collected 235 samples spread over two separate areas, targeting the Porcupine Destor Fault stratigraphy East and West of the Thomas Ogden Gold (TOG) zone. This program was initiated to determine if SGH could be used as an exploration tool to identify gold targets below the extensive overburden coverage on the Ogden property. As shown on the attached pathfinder class maps (Figure 1 Ogden SGH Anomalies), this survey was very successful in delineating buried gold targets over prospective stratigraphy.
The subjective SGH signature rating for Ogden East and West are as follows:
Ogden East - a rating of 4.5 on a scale of 6.0 for Gold
Ogden West - a rating of 5.0 on a scale of 6.0 for Gold
Read more & view graphics at:
https://www.newsfilecorp.com/release/75024
douginil
4 years ago
Metals Creek Hits Gold in Deepest Known Drill Hole at The Dona Lake Gold Mine, Increases Drilling to 5,000 Meters
· Deepest hole to date returns 5.31 g/t Au over 6.65m
· Increasing drill program from 2500m to 5000m
Thunder Bay Ontario, February 01, 2021 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce diamond drill results for the first three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
Hole DL20-004 returned the deepest intercept to date at the past producing Dona Lake Gold mine based on currently available data. This hole penetrated the Main Zone at approximately 573m below surface and returned a core length intercept of 5.31 grams per tonne (g/t) gold (Au) over 6.65 meters (m) (607.25-613.9). This was a part of a broader zone of mineralization of 3.64 g/t Au over 11.75 m (607.25-619.0m) (See Table Below). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 20% with local pyrite and as well as sections of silicate-oxide iron formation. Alteration includes strong silicification with local quartz veining and locally moderate to strong grunerite, hornblende and biotite in conjunction with local folding.
Hole DL20-006 was collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings at approximately 183m vertically. The first zone, which is interpreted to be the Main Zone, returned a core length intercept of 1.13 g/t Au over 16.90 m (222.9-239.8m), Included in this intercept is 6.17 g/t Au over 1m where three 0.5mm sized flakes of Visible Gold (VG) was noted (See attached Photos). A second zone of mineralization interpreted to be the “B” Zone, returned a down hole intercept of 2.21 g/t Au over 11.85 m (252.90-264.75m), included in this intercept is 7.25 g/t Au over 1.97m (262.78-264.75m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 40% with local pyrite. Magnetite is also present within sections of banded silicate-oxide iron formation. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite with local folding.
Read more at:
https://www.metalscreek.com/february-1-2021
douginil
4 years ago
Metals Creek Commences Diamond Drilling on the Dona Lake Gold Project
Toronto Ontario, November 18, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce the commencement of a minimum 2500 meter diamond drilling program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario.
This upcoming program is designed to further test for gold mineralization immediately south of the Dona Lake Mine including both the Main and B-Zone mineralized horizons. Deeper drilling will also take place further evaluating the continuation of gold mineralization below the lower most level (455L) of the Dona Lake mine. A part of this deeper drilling will be to test for gold mineralization below hole DL20-03 (See MEK news release September 15, 2020) which intercepted mineralization at 500m vertically below surface.
Read more at:
www.metalscreek.com/november-18-2020
douginil
4 years ago
Metals Creek Confirms Gold Mineralization Continues at Depth at The Dona Lake Gold Mine, Drills 8.07 g/t Gold Over 7 Meters Including 17.6 g/t Gold Over 1 Meter
Toronto Ontario, September 15, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce the final results from its recently completed diamond drill program from the Dona Lake Gold project.
Hole DL20-003 was designed to test for the continuation of gold mineralization below the lower most level of the Dona lake Mine (455 level). This hole penetrated the Main Zone at approximately 500m below surface and returned a core length intercept of 8.07 grams per tonne (g/t) Gold (Au) over 7 meters (m) (531.6 – 538.6 m). Included in this intercept is a high grade intercept of 17.6 g/t Au over 1 m (See Table Below).
Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 30% 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.
Read more & view tables at:
www.metalscreek.com/article/metals-creek-presents-drill-results-for-the-dona-lake-gold-mine-project-4537.asp
douginil
4 years ago
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.
Toronto Ontario, September 08, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) 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.
Read more & tables at:
www.metalscreek.com/september-8-2020
douginil
4 years ago
\Metals Creek Resources Receives Final $20,000 Option Payment and 350,000 shares from Magna Terra Minerals for Jacksons’ Arm Option
Toronto, Ontario, 24 August, 2020 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “Company”) is pleased to announce that the company has received the final $20,000 option payment and 350,000 shares (Issued at a deemed price of $0.20), for the Jacksons’ Arm Property (the “Property”) from Magna Terra Minerals Inc. (TSX-V:MTT) (“Magna Terra”).
On 8 November 2016, Metals Creek announced that the company had entered into an option agreement with Anaconda Mining Inc. (TSX-V:ANX, or “Anaconda”), whereas Anaconda had the right to acquire a 100% undivided interest in the Property. (see MEK news release dated 8 November 2016). On August 12, 2020, Magna Terra, announced that it a completed the acquisition of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc.’s which held the Great Northern Project, including the Jacksons Arm Property.
Magna Terra, through it’s subsidiary 2647102 Ontario Inc. owns or has an options to acquire a 100-percent interest in the Great Northern and Viking Projects in Newfoundland and Labrador, and the Cape Spencer Project in New Brunswick.
The original agreement with Anaconda on the Property was amended to facilitate the acquisition by Magna Terra (see MEK news release dated 12 November, 2019). Under the revised terms of the Jackson’s Arm Agreement, Anaconda issued to Metals Creek 50,000 Consideration Shares on 7 November, 2019 and Magna Terra paid $20,000 in cash and issued $70,000 in MTT shares (350,000 shares at a price of $0.20 per share) on 21August, 2020.
Magna Terra has now earned a 100% interest in the Jackson’s Arm Property. The Jackson’s Arm Agreement provides for a two percent (2%) net smelter returns royalty (“NSR”) to MEK on the sale of gold bearing mineral products from the Jackson’s Arm Property. The NSR is capped at $1,500,000, after which, the NSR will be reduced to one percent (1%).
Read at:
www.metalscreek.com/august-24-2020
douginil
4 years ago
Metals Creek Completes Diamond Drilling on The Dona Lake Gold Project
Toronto Ontario, August 04, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce the completion 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 and a deep hole testing for the continuation of gold mineralization below the lower most level of the mine (455 level).
All three holes were successful in intercepting the target stratigraphy. Due to strict Covid-19 measures, all core has been moved to the Corporation’s office in Thunder Bay and is currently being logged and split at a secure location. Drill Holes will be submitted for analysis once they are logged and split and results will be released as 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 1,063 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 Company 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 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
[[ Interesting presentation, includes map & data about the Timmons/ Ogden property next to Explor Resources ]]
Read at:
www.metalscreek.com/august-4-2020
douginil
4 years ago
Metals Creek Samples 11.8 g/t Gold at Careless Cove, Central Newfoundland
Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to report results from recent prospecting activities on its Careless Cove property in Central Newfoundland. The results include 11.8 grams per tonne (g/t) gold (Au) in grab samples. The Careless Cove claim block is one of two 100% owned claim blocks comprising the Careless Cove/Yellow Fox Property. The claims are located approximately 12 kilometers southwest of New Found Gold Corp. as illustrated on the attached map. ("New Found Gold") announced excellent results from recent drilling on their Queensway Gold Project. Drill Hole NFGC-19-01 results included an intersection of 92.86 g/t Au over 19.0 meters (see Mexican Gold Corp., Press Release dated January 26, 2020). Gold values on adjacent properties in similar rocks are not representative of the mineralization on the property, have not been verified, and should not be relied upon.
Read more & graphics at:
www.metalscreek.com/july-30-2020
douginil
4 years ago
Metals Creek Plans SGH Soil Sampling Program on the Ogden Gold Project, Timmins Ontario
Toronto Ontario, July 23, 2020 - Metals Creek Resources Corp. ( “Metals Creek” or the “Company”, TSXV: MEK) is pleased to announce that the Company is in the planning stages of a new geochemical survey technique, Spaciotemporal Geochemical Hydrocarbon (“SGH”) soil sampling program on its Ogden Gold Project, Timmins Ontario.
The Ogden Gold Property is held under a joint venture in which Metals Creek owns 50%, and Newmont Corporation owns 50% with Metals Creek being the operator of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break (“PDB”) between Newmont’s Dome Mine (16.5 million ounces gold past production) and Pan American Silver’s West Timmins Mine, and is contiguous to the east of Galleon Gold’s West Cache Project. A large portion of the Porcupine-Destor Break on the Ogden Gold Property is underexplored, compared to other properties in the Timmins Gold camp.
The western 4 kilometers of the Ogden Gold Property is predominantly overburden covered and has seen limited exploration. Utilizing new exploration targeting techniques such as SGH soil sampling, enables the Company to look under the pervasive overburden coverage, targeting areas along the PDB which is the key conduit for gold mineralization within the Timmins Gold Camp. This survey will be used to identify areas of potential gold mineralization within the underlying bedrock along the PDB in conjunction with the Company’s current geological model and existing geophysical database. SGH sampling will also take place between Naybob South and the Thomas Ogden Zone, an area approximately 3 kilometers long which exhibits significant folding based on the limited available drill data. This area also has pervasive overburden coverage.
Past exploration on the Ogden Gold Property includes drill intercepts of 210.19 grams per tonne (g/t) gold (Au) over 12.53 meters (m), including 2,732.64 g/t Au over 0.93 m in TOG 13-25 (see Metals Creek news release dated 22 May 2013) and 49.96 g/t Au over 9 m including 434.77 g/t Au over 1 m in TOG 13-27 (see Metals Creek news release dated 10 April 2013) at the Thomas Ogden Zone.
Step out drilling approximately 800m west of the Thomas Ogden Zone returned 3.07 g/t Au over 8.22 m in OG 17-002 (see Metals Creek news release dated May 03, 2017)
The SGH sampling program is expected to commence in early September and take approximately two weeks to complete.
Read at:
www.metalscreek.com/july-23-2020
douginil
4 years ago
Metals Creek Commences Diamond Drilling on The Dona Lake Gold Project
Toronto Ontario, July 08, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce the commencement of diamond drilling on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario. Exploration permits have been received for an initial (approximately 1200 meter) drill program. Two shallow holes will test the Main Zone and B Zone and a deep hole to confirm the continuation of gold mineralization below the lower most level of the mine (455 level).
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 Property 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 company 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) 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 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 selective historic 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 drill intercepts are historical in nature and have not been verified by the company. Reported intercepts are not true widths. At this time there is insufficient data to calculate a true orientation.
In addition to the above mentioned drill program, a prospecting program is ongoing to follow up on targets generated by the recently flown airborne geophysical survey, including the newly discovered oxide iron formations (See MEK news release December 2, 2019) with similar style mineralization to that of the gold bearing iron formations that host the Dona Lake gold mineralization. A comprehensive soil survey is also in the planning stage for peripheral targets.
Management will continue to monitor the COVID-19 situation and adjust plans as the situation evolves. Metals Creek thanks our partners and all stakeholders for their understanding and support, and looks forward to commencing field operations with extra measures in place to protect our employees, contractors and communities from transmission of Covid-19 such as Personal Protective Equipment and Physical Distancing.
A Presentation for the Dona Lake Gold Project can be viewed at:
http://www.metalscreek.com/upload/documents/dona-lake-presentation-april-2020.pdf
Read at:
www.metalscreek.com/july-
douginil
4 years ago
Metals Creek Resources Corp. Signs MOU With Mishkeegogamang First Nation On The Dona Lake Gold Property, Ontario
V.MEK | 2 days ago
[[ Thanks to beancount at Stockhouse ]]
Toronto, Ontario--(Newsfile Corp. - June 15, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek or the "Company") is pleased to announce that the company has signed a Memorandum Of Understanding (MOU) with Mishkeegogamang First Nation. The goal is to establish a long term, mutually beneficial and co-operative relationship based on trust and certainty.
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 Property 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. It is interpreted that the more pyrrhotite rich sections of the iron formation within the Dona Lake deposit tend to exhibit a strong spatial relationship to increased gold mineralization. This could be a result of pyrrhotite replacing magnetite, decreasing the magnetite content and magnetic signature. With pyrrhotite being highly conductive, modeling of the recently completed airborne will prioritize targets exhibiting strong conductivity and weaker magnetic signatures.
In addition company personnel have been compiling data from the past producing Dona Lake Mine to try and determine what mineralization remains outside the area of selective historic mining. During compilation, 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) 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.
Read more at:
https://stockhouse.com/news/press-releases/2020/06/15/metals-creek-resources-corp-signs-mou-with-mishkeegogamang-first-nation-on-the
douginil
4 years ago
Metals Creek Resources Receives $20,000 Option Payment from Anaconda Mining for Tilt Cove Option
Toronto, Ontario, 8 May, 2020 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “Company”) is pleased to announce that the company has received a $20,000 option payment for the Tilt Cove option from Anaconda Mining Inc. on the 6th May, 2020.
Under the revised terms of the Tilt Cove Agreement, to maintain the Option with respect to the Licenses in full force, ANX shall pay to MCR the following amounts:
- on the Effective Date (November 7, 2016) – $20,000 in cash by wire transfer and 50,000 Consideration Shares (see definition below); (Paid)
- on the first anniversary of the Effective Date – $40,000 in cash by wire transfer and 100,000 Consideration Shares; (Paid)
- on the second anniversary of the Effective Date – $60,000 in cash by wire transfer and 150,000 Consideration Shares; (Paid)
- On the third anniversary of the Effective Date - $20,000 in cash and 100,000 Consideration Shares; (Paid)
- On or before February 6, 2020 - $20,000 in cash; (Paid)
- On or before May 6, 2020 – $20,000 in cash; and (Paid)
- On or before August 6, 2020 – $20,000 in cash.
To further maintain the Option in full force with respect to the Licenses, Anaconda shall fund Expenditures with respect to the Licenses aggregating a minimum of $150,000 at any time or times during the Option Period.
All other terms of the agreement remain unchanged.
Read at:
www.metalscreek.com/may-8-2020
douginil
5 years ago
Metals Creek Resources Corp. Stakes Cu-Ni-PGM Targets in the Escape Lake Area, NW Ontario.
Toronto, 27 February, 2020 - Metals Creek Resources Corp. (TSX-V: MEK) (OTC: MCREF) (Metals Creek or “the company”) announces that the company has acquired through staking a 100% interest in the five prospective PGM-Cu-Ni targets totaling 1851 hectares (ha) northeast of Thunder Bay, Ontario.
The Falls Lake Platinum Group Minerals (PGM) project is located approximately 50 kilometers (km) northeast of Thunder Bay, Ontario in the Escape Lake area. This area has recently seen extensive PGM-Cu-Ni exploration resulting in the discovery and delineation of magmatic sulfide mineralization associated with mafic-ultramafic intrusions in close proximity to major structural breaks. The Thunder Bay North (TBN) and Escape Lake Projects has recently been optioned to Regency Gold Corp. (See Benton News Release October 10, 2019). Drill results include a down hole intercept of 46.65m with 5.27 grammes per tonne (g/t) Pt and 4.55 g/t Pd with 1.154% Cu and 0.465% Ni (See Benton Resources news release July 2, 2019). The Escape Lake area has seen significant success in PGM-Cu-Ni exploration over the last few years, including North American Palladium’s (Partnered with Transition Metals) Sunday Lake Project located approximately 28km west of the TBN. North American Palladium continues to expand on the recent discovery of magmatic sulfide mineralization within the Sunday Lake intrusion. Historically, the Escape Lake area has not seen any significant sustained exploration activity for PGM mineralization until the discovery of magmatic sulfides on the Thunder Bay North Project. Recently the area has seen significantly more exploration activity however remains vastly underexplored for PGM-Cu-Ni style mineralization and holds high exploration potential for the discovery for additional magmatic style sulfide mineralization.
The five recently staked claim blocks that comprise the Falls Lake PGM project exhibit discrete magnetic signatures similar to that of the magmatic conduits present on the TBN project which host the PGM-Cu-Ni mineralization. Also associated with the recently staked claim blocks are lake sediment anomalies which exhibit similar profiles and pathfinder elements to the lake sediment anomalies present within the area of the magmatic sulfide mineralization at the TBN project as well as structural breaks proximal to these prospective anomalies.
Read more at:
www.metalscreek.com/february-27-2020
douginil
5 years ago
Metals Creek stakes new claims, River Valley area
January 28, 2020
Metals Creek Resources Corp. Acquires PGE Claims In The River Valley Area of Ontario Through Staking
Toronto, January 28, 2020 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “company”) is pleased to announce that the company has acquired through staking a 100% interest in 20 claim units totaling 500 hectares, in the River Valley area of Ontario. The newly acquired claims are located in Crerar Township approximately 70km east of Sudbury, and approximately 4.5 km west of the town of River Valley, Ontario. Year-round access to the property from Sudbury is available via Highway 17 to Warren, and Highway 539 to River Valley.
New Age Metals’ River Valley PGM Project is located 12 km north northwest of the claims with a June 2019 measured and indicated resource estimate of 99,255,200 tonnes @ 0.52g/t Pd (see New Age Metals news release dated June 27, 2019). Like that of the River Valley deposit, the claims are located within the layered River Valley Intrusion.
Read more at:
www.metalscreek.com/january-28-2020
NYBob
5 years ago
Metals Creek Resources Acquires Ward-Morrow Gold Project Thru Staking - Samples 11.7 g/t Gold and 7.3 g/t Silver
V.MEK | 15 hours ago
Toronto, Ontario--(Newsfile Corp. - November 4, 2019) - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or "the company") announces that the company has acquired thru staking a 100% interest in the Morrow Gold project, Northwestern Ontario.
The Morrow Project is located in the northwest corner of the Pagwachuan Township approximately 24 kilometers east-southeast of the town of Longlac. The property lies very close to the southern boundary of the Wabigoon Subprovince in the Geraldton-Longlac area which has seen a significant increase in exploration activity over the last decade. This portion of the Beardmore-Geraldton Belt (BGB) has seen new gold discoveries and resource delineation by Greenstone Gold on the Hardrock Deposit some 52 km to the west. Access to the property is good with the property consisting of 12 cells held 100% by Metals Creek and encompassing two historical gold horizons; Ward-Morrow trend and southern anomaly.
Previous work programs have been performed by various groups or individuals in the vicinity of the Morrow property which includes prospecting, ground geophysics, trenching and diamond drilling.
A ground geophysical IP (Induced Polarization) and Mag survey was conducted outlining a one-kilometer long chargeability anomaly on the northern morrow trend. Surface trenching was performed over this conductive trend resulting in 1.67 grammes per tonne (g/t) gold over 2.4 meters (m) from trench one with drill highlights of 3.77 g/t gold over 1.77m (Source: MNDM assessment report Ref#20013897). Gold mineralization is associated with quartz-carbonate veins with variable pyrite and chalcopyrite mineralization within a chlorite-biotite schist near the mafic volcanic sediment contact.
A second gold trend located south of the morrow trend also outlined an 800m long IP chargeability anomaly has seen limited trenching with follow-up diamond drilling. Trenching results include 2.89 g/t gold, 7.1 g/t Ag and 0.287% copper (Cu) over 1.8m and 2.06 g/t Au over 2.3m (Source: MNDM assessment report Ref#20010227) from trench one. Follow-up drilling returned a downhole intercept (PAG12-03) of 0.55 g/t Au and 1.29 g/t Ag over 52.0m including 1m of 5.38 g/t Au under trench one. A second trench also contained surface gold mineralization with selective surface grab samples of 3.33 g/t Au and 6.95 g/t Au. Follow-up drilling resulted in an intercept (PAG12- 05) of 0.34 g/t Au over 14.1m with a second hole undercutting PAG-12-05 resulting in a downhole intercept of 0.32 g/t Au and 0.1% Cu over 45m with mineralization hosted within an altered iron formation with associated pyrite and chalcopyrite within quartz stockwork. Mineralization within the southern trend exhibit intercepts of lower grade and larger widths potentially indicating the presence of a bulk tonnage type target.
NOTE: (The above information is historic in nature and has not been verified by the company)
Sampling by Metals Creek personnel in September 2019 returned the following from the Ward-Morrow trench one area.
Sample Number Gold ppb Silver g/t Copper ppm
WM 19-01 7480 9.6 5690
WM 19-02 2080 16.8 8320
WM 19-03 3630 6.5 1740
WM 19-04 740 13.1 6600
WM 19-05 84 0.4 245
WM 19-06 11700 7.3 4730
It should be noted that grab samples are selective by nature and unlikely to represent the true grade.
Metals Creek is continuing to compile data to further define the two gold targets.
QP
This news release has been reviewed and approved by Michael MacIsaac, P. Geo., a "Qualified Person" under National Instrument 43-101 and VP Exploration for Metals Creek.
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 Goldcorp, 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 recently signed an agreement with Newmont Goldcorp, where Metals Creek can earn a 100% interest on the past producing Dona Lake Mine project in the Pickle Lake Ming District of Ontario. Metals Creek also has an option agreement with Quadro Resources on Metals Creek's and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek's Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company also has an agreement with Manning Ventures on the Metals Creeks Squid East project located in the Yukon. Metals Creek is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Company is contained in documents filed by the Company 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)-256-6061
Fax: (709)-256-6061
Email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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copyright (c) newsfile corp. 2019
Newsfile Corp.
November 4, 2019 - 5:00 AM PST
Tags: INDUSTRIAL METALS & MINERALS
Read more at https://stockhouse.com/news/press-releases/2019/11/04/metals-creek-resources-acquires-ward-morrow-gold-project-thru-staking-samples#1sH2CtxvcqX4QvGq.99
douginil
5 years ago
Metals Creek Resources Corp. Option/JV Partner Manning Ventures Inc. Commences Trading On The CSE
Toronto, Ontario--(Newsfile Corp. - October 25, 2019) - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or the "Company") is pleased to announce that the company has been advised by their Option/Joint Venture partner Manning Ventures Inc. (CSE: MANN) ("Manning") that Manning will commence trading on the Canadian Stock Exchange (CSE) under the symbol "Mann" beginning at market opening on Friday, 25 October, 2019.
On 26 September 2018, Metals Creek and Manning entered into an option agreement whereas Manning has the option to acquire a 75% interest in MEK's Squid East Property, located in the northwest extension of the White Gold district, Yukon. (See MEK news release dated 27 September 2018). The Property is 100% owned by MEK.
Under the terms of the agreement, Manning must make cash payments to Metals Creek of $65,000 over two years ($35,000 due upon CSE listing), issue to Metals Creek a total of 1,200,000 Manning common shares over two years (600,000 due upon CSE Listing) and incur work expenditures of $1,150,000 over four years ($50,000 by 31 Dec, 2019). Manning will be the operator during the option period.
Read more at:
https://finance.yahoo.com/news/metals-creek-resources-corp-option-113700059.html
douginil
5 years ago
Metals Creek Resources Corp. Provides Update on Dona Lake Gold Project, NW Ontario; Applies For Exploration and Work Permits
2019-10-16
Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or the "Company") is pleased to provide the following update on the recently optioned Dona Lake Gold Project (the "Property").
Preliminary results from the recently completed airborne survey define a number of conductive trends associated with magnetic highs indicative of oxide iron formations which is the host to gold mineralization on the Dona Lake Gold Project. It is interpreted that the more pyrrhotite rich sections of the iron formation within the Dona Lake deposit tend to exhibit a strong spatial relationship to increased gold mineralization. This could be a result of pyrrhotite replacing magnetite, decreasing the magnetite content and magnetic signature. With pyrrhotite being highly conductive, modeling of the recently completed airborne will prioritize targets exhibiting strong conductivity and weaker magnetic signatures. Geophysical targets will be ground proofed and prioritized once the final airborne data is received and compiled in preparation for a diamond drill program.
The company has applied for an exploration permit on the Dona Lake Gold Project. Continued compilation is ongoing of historic geological and drill data with the aim of generating a 3D geological model. This model will aide in outlining prospective drill targets for an upcoming drill program. Upon completion and compilation of the airborne survey follow-up as well as upgrading of the access road, drilling will commence on the patented claims on the property.
In addition, the company has applied for a work permit to install culverts to improve road access to the property in anticipation of drilling. Installation of the culverts will commence as soon as the work permit is received.
The Dona Lake Gold Project has seen no modern Geophysical exploration and the company believes this airborne survey will further enhance our understanding of the geology as well as identify areas of increased conductivity possibly indicating areas of increased pyrrhotite mineralization.
Read More at:
http://crweworld.com/canada/trendingnow/press-releases/1276318/metals-creek-resources-corp-provides-update-on-dona-lake-gold-project-nw-ontario-applies-for-exploration-and-work-permits
douginil
5 years ago
Metals Creek Resources Partner, Sokoman Minerals Drills 25.8 Meters of 1 G/T Gold, Returns Clarks Brook to Metals Creek
Toronto, 25 September, 2019 - Metals Creek Resources Corp. (TSX-V: MEK) (OTC: MCREF) (Metals Creek or “the company”) announces that they have been advised by their option/joint venture partner, Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (or “Sokoman”) that the diamond drilling program at the Clarks Brook property, under option from Metals Creek Resources Corp. has been completed. The 3-hole program tested the depth potential of the surface gold mineralization which was first drilled, and intersected, by Sokoman in its initial 2017/2018 drill program. Hole CB-19-08, drilled into the centre of the magnetic anomaly and under cutting DDH's CB-18-6, 7 (see news release April 5, 2018) returned multiple zones of anomalous gold mineralization to a vertical depth of 400 metres with the highest values, from 73.6 to 80 m (6.4 m) at 2.26 g/t Au. Holes CB-19-09, 10, drilling the southern extension of the magnetic anomaly, verified widespread anomalous gold mineralization.
....
Sokomon’s President and CEO Timothy Froude states “While the gold results showed a significant gold endowment in the area, which was encouraging, given our current emphasis on the Moosehead property and a heavy work commitment in 2020 to continue with the Clarks Brook option, the Company has decided to return the property to Metals Creek Resources Corp. Sokoman will not retain any interest the Clarks Brook property.”
Metals Creek would like to thank Sokomon Minerals for the high-quality exploration work performed on the Clark’s Brook project and wishes them the best of luck on their Moosehead Project.
Management at Metals Creek is highly encouraged by the latest results from this program which include intersecting 25.8m of 1.00 g/t gold with the presence of strong indicator minerals.
Read more and view assay tables at:
www.metalscreek.com/september-25-2019
douginil
5 years ago
Metals Creek Resources Corp. Announces Completion of Airborne EM/Mag Survey at Dona Lake Gold Project, NW Ontario.
Toronto, September 12 2019 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “company”) is pleased to announce that the company has completed an airborne time-domain electromagnetic (EM) and magnetic (MAG) geophysical survey over the recently optioned Dona Lake property.
Preliminary results from the recently completed airborne survey define a number of conductive trends associated with magnetic highs indicative of oxide iron formations which is the host to gold mineralization on the Dona Lake Property. It is interpreted that the more pyrrhotite rich sections of the iron formation within the Dona Lake deposit tend to exhibit a strong spatial relationship to increased gold mineralization. This could be a result of pyrrhotite replacing magnetite, decreasing the magnetite content and magnetic signature. With pyrrhotite being highly conductive, modeling of the recently completed airborne will prioritize targets exhibiting strong conductivity and weaker magnetic signatures. Geophysical targets will be ground proofed and prioritized once the final airborne data is received and compiled in preparation for a diamond drill program.
The Dona Lake Project was recently optioned from 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 Property consists of 32 patented and leased mining claims totaling approximately 430.1 hectares and covers the past producing Dona Lake Mine.
Dona Lake has seen no modern Geophysical exploration and the company believes this airborne will further enhance our understanding of the geology as well as identifying areas of increased conductivity possibly indicating areas of increased pyrrhotite mineralization.
Read More at:
www.metalscreek.com/september-12-2019
douginil
5 years ago
Metals Creek Resources Partner, Sokoman Minerals Completes Drill Program at Clarks Brook Samples Submitted for Rush Assaying
Toronto, Ontario--(Newsfile Corp. - September 11, 2019) - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or "the company") is pleased to announce that they have been advised by their option/joint venture partner, Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (or "Sokoman") that the drill program on the Clarks Brook property has been completed and rush assays are underway. The program comprised 1,200 metres in three holes testing the mineralized corridor below the shallow gold zone discovery announced on December 21, 2017. The property is located 33 km to the south-east of Sokoman's flagship Moosehead gold project and is optioned from Metals Creek Resources.
A total of 377 samples (including blanks, standards and duplicates) were submitted for rush assaying, with results expected in approximately 2 weeks. The drilling intersected multiple mineralized zones up to 26 metres thick (core length), at depths to 400 metres vertical, consisting of chalcedonic quartz veining with 1-5% disseminated sulphides, resembling mineralized zones encountered in the previous 2017 drill program.
Read more at:
https://cutt.ly/uwFuDko
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