METALS CREEK CONFIRMS GOLD MINERALIZATION CONTINUES AT DEPTH
Metals Creek drills seven m of 8.07 g/t Au at Dona Lake
2020-09-15 10:01 ET - News Release
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
Metals Creek Resources Corp. has released 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 lowermost level of the Dona Lake mine (455 level). This hole penetrated the Main zone at approximately 500 metres below surface and returned a core-length intercept of 8.07 grams per tonne gold over seven metres (531.6 metres to 538.6 metres). Included in this intercept is a high-grade intercept of 17.6 grams per tonne gold over one metre (see attached table).
Mineralization is hosted within silicate-sulphide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 per cent to 30 per cent 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.
DRILL HOLE INTERCEPTS Drill hole From To Gold Total metres (m) (m) (g/t) DL20-003 531.6 538.6 8.07 7.0 Including 532.45 533.45 17.6 1.0
Holes DL20-001 and DL20-002, which were reported in the last news release (see Metals Creek's news release dated Sept. 8, 2020), were collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings. Included in this release was hole DL20-002, which returned a core-length intercept of 8.45 grams per tonne gold over 3.15 metres (254.85 metres to 259.00 metres). This intercept was a part of a broader zone of mineralization returning a core-length intercept of 5.67 grams per tonne gold over 5.15 metres (254.85 metres to 260.00 metres).
Drill intercepts reported in holes DL20-001, DL20-002 and DL20-003 are not true widths. There are insufficient data at this point to determine a true orientation.
Alexander (Sandy) Stares, president and chief executive officer of Metals Creek, stated: "Management is highly encouraged with the drill results from this initial drill program on the Dona Lake gold project. A substantial amount of time has gone into generating the current Dona Lake geological model from data that was in non-digital form. Hole DL20-003 authenticates the current model and demonstrates the continuation of gold mineralization at depth, below the lowermost level."
Currently, the corporation in is the final stage of planning holes for a coming drill program (phase 2) for this coming fall.
The Dona Lake gold project was optioned from Newmont Corp. (previously Newmont Goldcorp; see news release dated June 13, 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 totalling 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 100 metres below the mine workings of the Main zone (455 metres). This hole (455-2) was drilled by Placer Dome (mine operator) and returned a downhole intercept of 4.36 grams per tonne gold over 21.08 metres, 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. The B zone is defined as a steeply plunging zone with intersections including 14.17 grams per tonne gold over 15.31 metres, 9.9 grams per tonne gold over 10.6 metres, 7.85 grams per tonne gold over 5.85 metres and 12.44 grams per tonne gold over 4.6 metres.
The historic drill intercepts mentioned herein are historical in nature and have not been verified or validated by the corporation. Reported intercepts are not true widths. At this time, there are insufficient data to calculate a true orientation.
Michael MacIsaac, PGeo, vice-president, 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 ActLabs. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the corporation's quality assurance/quality control protocol, approximately 10 per cent 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 gram per tonne gold are reanalyzed using a gravimetric finish and samples with fire assay results above 5.0 grams per tonne gold or samples showing visible gold are analyzed using the pulp metallic method.
About Metals Creek Resources Corp.
Metals Creek Resources 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-per-cent interest in the Ogden gold property from Newmont, including the former Naybob gold mine, located six kilometres south of Timmins, Ont., and has an eight-kilometre strike length of the prolific Porcupine-Destor fault. In addition, Metals Creek has signed an agreement with Newmont, whereby Metals Creek can earn a 100-per-cent 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.
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