Metals Creek Resources Corp.
Drills 1.21 g/t Gold Over 24.80 Meters At The
Ogden Gold Project, Timmins, Ontario.
Toronto Ontario CA.
-- February 21 2018 -- InvestorsHub NewsWire -- Metals
Creek Resources Corp. (TSX-V:MEK)
(USOTC:
MCREF) (Metals Creek or the "company") is pleased to announce
drill results from its recently completed five hole diamond drill
program, totaling 1104m (meters), targeting Thomas Ogden West
mineralization (TOG West) located in the heart of the Timmins gold
camp.
Five holes were
drilled in the TOG West area focusing on the continuation of the
fold structure west of the Thomas Ogden Zone previously intercepted
in hole OG17-02 (see news release May 03, 2017) which returned an
intercept of 4.96 g/t gold over 3.97m and a second zone of
mineralization returning an intercept of 1.43 g/t gold over 14m.
The TOG West mineralization is a new discovery, interpreted to be
an easterly plunging zone parallel
to the
Thomas Ogden Zone (TOG) and approximately 900m west of the
TOG.
Hole TOG17-60,
drilled approximately 200m east of OG17-02 and targeting the down
plunge extension of TOG West mineralization, retuned two zones of
mineralization. The first zone of mineralization returned a down
hole intercept of 8.37 g/t gold over 2.0m (96.0m to 98.0m) with
associated pyrite mineralization and strong silicification.
(Visible Gold was noted in this intercept). A second zone of
mineralization was intercepted further down hole returning an
intercept (170.5m to 195.30m) of 1.21 g/t gold over 24.8m with
strong albitization and associated pyrite and arsenopyrite
mineralization. Both intercepts are hosted within altered
conglomerates.
Significant
folding was present in this hole which appears to be an important
factor in the emplacement of higher grade gold mineralization.
These two intercepts in hole TOG17-60 are interpreted to be a part
of the same stratigraphy with folding causing a repetition of the
mineralized horizon.
A drill rig has
been mobilized to the Ogden Project targeting multiple areas on the
property. Results will be released once they are received and
compiled. (See news release dated 14 Feb 2018).
Results from
all drill holes in the recent program are included in table 1
below:
Hole#
FromTo
Interval
(m)* Gold (g/t) Comments
TOG17-57
|
59.70
|
62.30
|
2.6
|
1.57
|
Strong
silicification, py
|
TOG17-58
|
238.0
|
245.0
|
7.0
|
0.83
|
Strong
silicification
|
TOG17-59
|
108.95
|
118.0
|
9.05
|
0.85
|
Strong
silicification
|
TOG17-60
|
96.0
|
98.0
|
2.0
|
8.37
|
VG present
|
and
|
170.50
|
195.30
|
24.8
|
1.21
|
Strongly
albitized,
py-aspy
|
TOG17-61A
|
74.15
|
75.10
|
0.95
|
4.46
|
Above hole
TOG17-60
|
* Reported drill
intercepts are not true widths. At this time there is insufficient
data to calculate true orientations.
A drill section is
attached and a drill plan map is available on the company's website
at www.metalscreek.com.
The Property is
held under a joint venture in which Metals Creek owns 50%, and
Goldcorp Canada Ltd. ("Goldcorp") owns 50% (as manager and on
behalf of the Porcupine Joint Venture, a joint venture between
Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator
of the project. The Ogden claims cover eight kilometers of strike
length of the Porcupine-Destor
Fault
between Goldcorp's >16.6 million ounce
Dome Mine
and Tahoe Resources West Timmins Mine. The vast majority of the
Porcupine-Destor
Fault on
the property is underexplored, compared to other properties in the
Timmins Gold camp.
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.
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,
including the former Naybob
Gold
mine, located 6 km south of Timmins, Ontario and has
a
8 km
strike length of the prolific Porcupine-Destor
Fault
(P-DF) that stretches between Timmins, Ontario and Val d'Or,
Quebec. Metals Creek also has an option agreement with Quadro
Resources on Metals Creeks 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 have also signed a LOI
on its Clarks Brook property with Sokoman
Iron
Corp. and 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 including the recently acquired
Great Brehat
project
on the Great Northern Peninsula of Newfoundland. 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
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