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Metals Creek Resources Corp V.MEK

Alternate Symbol(s):  MCREF

Metals Creek Resources Corp. is a junior exploration company. The Company is engaged in the identification, acquisition, exploration and development of mineral resource properties, and has mining interests in Ontario and Newfoundland and Labrador and in the Yukon. The Company has a 50% interest in the OgdenGold Property from Newmont Corporation, including the former Naybob Gold mine, located six kilometers (km) south of Timmins, Ontario and has an eight km strike length of the prolific Porcupine-Destor Fault (P-DF). The Shabaqua property is located within the Shebandowan Greenstone Belt. The Tillex property is located in Currie Township near the township of Matheson in Northern Ontario with infrastructure. The Company has 148 claim units in two separate blocks in the Dawson Range gold district. The claim blocks are located in the Matson Creek area, 40 km north of Kinross’ White Gold property and Kaminak’s Coffee Project.


TSXV:MEK - Post by User

Post by Flopticalcubeon Nov 19, 2021 10:43am
133 Views
Post# 34145471

MEK Commences Magnetotellurics Survey on Dona Lake

MEK Commences Magnetotellurics Survey on Dona Lake

Thunder Bay, Ontario--(Newsfile Corp. - November 19, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce the commencement of a Spartan Magnetotellurics (MT) Deep Imaging Survey targeting Dona Lake mine stratigraphy at depth below the current mine workings.

The Spartan MT survey allows for deeper penetration than conventional ground geophysical surveys, highlighting areas of enhanced conductivity, mapping of potential fold flexures, and determining the depth extent of the gold bearing iron formations below the current drilling and mine infrastructure. This will greatly enhance the target generation process for a more cost effective deep drilling program.

Metals Creek will continue drilling as the MT survey is taking place and once interpretation is complete, drilling will transition to deeper targets.

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.

Alexander (Sandy) Stares, President and CEO states "Upon completion of the final interpretation of the Deep Imaging MT survey, we look forward to utilizing this data in the target generation process to continue to extend the mine stratigraphy at depth and further evaluate peripheral prospective iron formation targets."

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