Metals Creek Intersects 3.91 g/t gold over 11.4 meters, including 8.7 g/t over 3 meters, at the Thomas Ogden Zone in Timmins, Ontario
Toronto, 01 May, 2012. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is very pleased to report results from an additional four holes of its recently completed diamond drill program on the Ogden Gold Project in Timmins, Ontario. The drill program consisted of a total of eight holes targeting the Thomas Ogden (TOG) Zone which were designed to test the on-strike and down dip extent of the gold mineralization. The gold zone and associated alteration occupies a folded structural zone and this latest drilling is helping to unravel the structure and follow the high grade zones with better consistency.
Highlights from these latest holes were from Hole TOG 13-24, which returned three separate gold zones with the upper zone returning 3.91 g/t gold over 11.40 meters (including a higher grade interval of 8.7 g/t over 3 meters). The mineralization is hosted within strongly albitized sedimentary rocks and silicified porphyry units containing 1 to 4 percent finely disseminated pyrite and local arsenopyrite.
Including the results from the first hole, final results have now been received for 5 of the 8 holes. The initial hole,TOG-13-27, released earlier on April 10, 2013, included a high grade intercept of 49.96 g/t gold (uncut) over 9.0m including 434.77 g/t gold over 1.0m. A summary of the latest results follows:
TOG-13-24: 11.4m down hole intercept of 3.91 g/t gold including 8.7 g/t gold over 3.0m. A second zone of mineralization includes a down hole intercept of 7.6m of 1.01 g/t gold. A third zone of mineralization returned a down hole intercept of 20.8m of 1.32 g/t gold.
TOG-13-23: 5.78m down hole intercept of 1.08 g/t gold including 2.31 g/t gold over 2.25m.
TOG-13-26: 10.55m down hole intercept of 1.43 g/t gold. This hole was unable to be completed to the target due to ground conditions.
TOG-13-28: 38.23m down hole intercept of 0.36 g/t gold
Results from the last three holes will be released once the final results have been received and compiled. The details of the assay results from this release are tabulated below:
Drill Results
|
Drill Hole Number |
Meters from |
Meters to |
Total Meters |
Gold G/T |
|
TOG 13-23 |
264.90 |
270.68 |
5.78 |
1.08 |
|
including |
264.90 |
267.15 |
2.25 |
2.05 |
|
TOG 13-24 |
164.00 |
175.40 |
11.40 |
3.91 |
|
including |
164.00 |
167.00 |
3.00 |
8.70 |
|
and |
202.40 |
210.00 |
7.60 |
1.01 |
|
and |
224.50 |
245.30 |
20.80 |
1.32 |
|
TOG 13-26 |
165.62 |
176.17 |
10.55 |
1.43 |
|
TOG 13-28 |
51.00 |
89.23 |
38.23 |
0.36 |
|
including |
51.00 |
60.00 |
9.00 |
0.53 |
|
and |
74.00 |
83.00 |
9.00 |
0.51 |
|
and |
86.00 |
89.23 |
3.23 |
0.80 |
* Reported drill intercepts are not true widths. At this time there is insufficient data to calculate true orientations.
The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp’s Dome Mine and Lake Shore Gold’s West Timmins development project. Metals Creek and Goldcorp Canada Ltd. and Goldcorp Inc. (Goldcorp) have recently formed a 50/50 joint venture on The Ogden Gold project with Metals Creek as operator. All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% 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 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. 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 well-funded 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 have recently formed a 50/50 joint venture with Goldcorp, to continue exploring the Ogden Gold property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding in the Ogden Gold Property. The Corporation is also 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. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under its profile at www.sedar.com
For further information, please contact:
Alexander (Sandy) Stares,
President and CEO Metals Creek Resources Corp
telephone: (709) 256-6060
fax: (709) 256-6061
astares@metalscreek.com
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