Met­als Creek starts drilling at Thomas Og­den West

Stockwatch Daily - - MINES & METALS - Mr. Alexan­der Stares re­ports

MET­ALS CREEK Re­sources Corp. has com­menced di­a­mond drilling prox­i­mal to pre­vi­ously drilled hole OG17-002 that was col­lared to test a geo­phys­i­cal in­duced po­lar­iza­tion (IP) tar­get and suc­cess­fully in­ter­sected two zones of gold min­er­al­iza­tion. The first zone in­ter­sected 3.97 me­tres (m) (from 96.88 m to 100.85 m down­hole) of 4.96 grams per tonne (g/t) gold (Au) within a broader zone which as­sayed 3.07 g/t Au over 8.22 m. A sec­ond zone, far­ther down the hole, re­turned a core length in­ter­cept (from 129 m to 143 m) of 1.43 g/t Au over 14 m. This min­er­al­iza­tion is hosted within a strongly al­tered fel­sic dike with vis­i­ble gold and is sim­i­lar to foot­wall min­er­al­iza­tion in the Thomas Og­den zone (TOZ) (see news re­lease dated May 3, 2017).

Sig­nif­i­cant fold­ing of the stratig­ra­phy has been doc­u­mented in hole OG17-002, a po­ten­tial struc­tural con­trol for higher-grade gold min­er­al­iza­tion along the fold hinges at the TOZ area. The up­com­ing di­a­mond drill pro­gram is de­signed to fur­ther eval­u­ate stratig­ra­phy west of TOZ.

Re­sults from this drilling will be re­leased once they are re­ceived and com­piled by the com­pany.

The prop­erty is held un­der a joint ven­ture in which Met­als Creek owns 50 per cent, and Gold­corp Canada Ltd. owns 50 per cent (as man­ager and on be­half of the Por­cu­pine joint ven­ture, a joint ven­ture be­tween Gold­corp Inc. and Gold­corp Canada Ltd.) with Met­als Creek be­ing the op­er­a­tor of the project. The Og­den claims cover eight kilo­me­tres 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 with other prop­er­ties in the Tim­mins gold camp.

Michael MacIsaac, PGeo, vice-pres­i­dent, ex­plo­ration, for the cor­po­ra­tion, 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 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 Met­als Creek. Met­als Creek has earned a 50-per-cent in­ter­est in the Og­den gold prop­erty, in­clud­ing the former Nay­bob gold mine, lo­cated six km south of Tim­mins, Ont., and has a eight km strike length of the pro­lific Por­cu­pine-Destor fault (P-DF) that stretches be­tween Tim­mins, Ont., and Val d’Or, Que. The com­pany has also re­cently en­tered into an op­tion/joint ven­ture with Tri­fecta Gold Ltd. on Met­als Creek’s Squid prop­er­ties in Yukon. 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.

Patrick Mo­han, New­man Wayne Reid, Malvin Charles Spooner, Alexan­der Stares, Michael R Stares, Niko­laos Stylianos Tsimidis, Lorne Al­lan Woods

(MEK) Shares: 56,262,935

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.