Metals Creek Resources Corp. Reports 92% Gold Recovery from Bottle Roll Tests Completed on Samples from Squid East Project, W...
14 Gennaio 2014 - 1:30PM
Access Wire
Toronto, Ontario, January 14, 2014 - Metals
Creek Resources Corp. (the "Company" or
"Metals Creek") (TSXV: MEK) is pleased to report results from
bottle roll cyanide extraction test work, reporting an average of
92% gold recovery from drill core and trench samples at the Squid
East project.
The primary objective
for this metallurgical testing program was to evaluate the leaching
characteristics of the weathered gold bearing material intersected
in both the drilling and trenching programs completed last summer.
This work had partially defined a new gold/silver system associated
with a strong gold plus pathfinder soil anomaly. Results
included 22.0 meters of 1.96
g/t gold and 160.6 g/t Ag from trenching and 1.55 g/t gold
and 114.1 g/t Ag over 21.0 m from the
subsequent drilling (see MEK press releases dated August 6, 2013
and October 8, 2013). The mineralized zone consists of a weathered
section of sericite schist with associated porphyritic sections and
remains completely open. The new discovery is within the
unglaciated portion of the west central Yukon terrain, proximal to
an existing placer mine and is trail accessible.
Six samples were
collected from the main trench and two drill holes, and these were
submitted for both fire assay and bottle roll cyanide analyses. The
bottle roll cyanidation process confirmed that the leachable gold
recovery in the selected material averaged 92% and that the
weathered material could potentially react well to heap leach
extraction methods.
Gold recoveries for
the six samples ranged from 83.8 to 95.7% and averaged 92% overall.
Gold grades for these six samples ranged from 0.71 grammes per
tonne (g/t) Au to 9.99 g/t Au. The following table details the
results.
Table 1. Bottle Roll Cyanidation Performance
------------------------------------------------------------------
|Test |Sample ID |P80 |NaCN|Measured |Calc. |Recovery |Residue |
| No | |µ m |g/L |Au | Head |Au (%) |Au |
| | | | |(g/t) |Au | |(g/t) |
| | | | | |(g/t) | | |
| | | | | | | | |
|----------------------------------------------------------------|
|C1 |1308701 |80 |1.0 |8.55 |8.18 |95.7 |0.35 |
|----------------------------------------------------------------|
|C2 |1308707 |89 |1.0 |2.53 |2.76 |91.0 |0.25 |
|----------------------------------------------------------------|
|C3 |SE13-001-005|86 |1.0 |1.95 |1.98 |93.2 |0.14 |
|----------------------------------------------------------------|
|C4 |SE13-002-007|106 |1.0 |0.71 |0.68 |83.8 |0.11 |
|----------------------------------------------------------------|
|C5 |SE13-002-008|103 |1.0 |9.99 |8.36 |95.1 |0.41 |
|----------------------------------------------------------------|
|C6 |SE13-002-013|101 |1.0 |1.76 |1.58 |93.4 |0.11 |
------------------------------------------------------------------
Commenting on the Squid East Project, Metals Creeks President &
CEO, Alexander (Sandy) Stares stated "We are pleased with the
initial results from our work at Squid East. Positive results from
the first ever drill program combined with the preliminary bottle
roll test work indicates that the weathered material appears
amenable to heap leach extraction."
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.
All 6 split core and
trench samples were sent to Inspectorate Exploration & Mining
Services ltd. of Vancouver B.C. The gold assays were analyzed
utilizing a standard fire assay with an atomic absorption finish.
The bottle roll cyanidation process entailed grinding to 105um and
leaching for 72 hours at 40 wt% solids in 1.0 g/L NaCN based on a
300g sample size.
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". The Ogden Property is held under a joint venture in
which Metals Creek owns 50% and is the operator, and Goldcorp
Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the
Porcupine Joint Venture, a joint venture between Goldcorp Inc. and
Goldcorp Canada Ltd.) and is located 6 km south of Timmins,
Ontario. Metals Creek also holds approximately 15% interest in
Sokoman Iron Corp. (TSX-V SIC) and approximately 5% interest in
Gold Royalties Corp (TSX-V GRO). The Corporation has also recently
made a new gold/silver discovery in the "White Gold District" on
the Squid East project in the Yukon. Metals Creek is 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.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Alexander (Sandy)
Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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