- Metals Creek Resources (TSXV:MEK) has revealed drill results for the Shabaqua Corners Gold Property
- The program included five drill holes targeting the Main Zone and Echo Zone
- Results included visible gold intersected with highly visible altered sediments
- Shares of Metals Creek Resources are down 20 per cent to C$0.02 as of 11:24 am ET
Metals Creek Resources (TSXV:MEK) has revealed drill results for the Shabaqua Corners Gold Property in Ontario.
In a news release, the company stated the program included five drill holes targeting the Main Zone and Echo Zone.
Initial drilling at Echo Zone exhibits strong carbonatization and silicification including moderate albitization with associated quartz veining and fine pyrite mineralization within clastic sediments. Alteration intensity and quartz vein density appear to be increasing with depth.
Notably, visible gold intersected within highly altered sediments and alteration intensity and quartz vein density increased with depth.
The company stated this was its first drilling campaign at the Shabaqua Corners Gold property, meaning these were the first holes ever drilled.
The program successfully delineated an extensive alteration system at the Echo Zone with gold values and visible gold indicating its continuation and increase in intensity at depth.
The property is within the Shebandowan Greenstone Belt, approximately 54 kilometres west of Thunder Bay, Ontario, near Shabaqua Corners
Metals Creek Resources is a junior exploration company that owns a 50 per cent interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine. The company also owns and/or has option agreements in place to acquire a 100 per cent interest in claims in the Shabaqua Corners area of Northwestern Ontario.
Shares of Metals Creek Resources (TSXV:MEK) are down 20 per cent to C$0.02 as of 11:24 am ET.
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