Metals Creek Intercepts 1.89g/t Gold Over 54.65 Meters on the Ogden Gold Project-Timmins, Ontario
16 Gennaio 2014 - 1:30PM
Marketwired
Metals Creek Intercepts 1.89g/t Gold Over 54.65 Meters on the Ogden
Gold Project-Timmins, Ontario
TORONTO, ONTARIO--(Marketwired - Jan 16, 2014) - Metals Creek
Resources Corp. (the "Corporation") (TSX-VENTURE:MEK) announces
additional wide gold intersections from the Thomas Ogden Gold Zone
in Timmins, Ontario. Highlights include drill hole TOG-13-38 which
returned 54.65 meters (m) of 1.89 grammes per tonne (g/t) Gold
(Au), including 25.70 m of 2.79 g/t Au and hole TOG-13-38 which
returned 17.05m of 1.90 g/t Au, including 6.05m of 4.21 g/t Au.
These two in-fill holes confirm the continuous nature of the gold
mineralization within the Thomas Ogden Zone and continue to expand
on the resource potential. Two other holes completed in this latest
drill program, TOG-13-35 and TOG-13-37 were drilled below the
eastern plunge of the gold zone, confirming the location of the
lower contact.
The Ogden Property consists of a package of patented mining
claims, covering eight kilometers of strike length along the
Porcupine-Destor Break between Goldcorp's Dome Mine and Lake Shore
Gold's West Timmins Mine. The Ogden Property is held under a joint
venture in which Metals Creek owns 50%, 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.) with MEK being the operator of the project. Three
separate gold zones have been identified on the property, Nabob
North, Naybob South and Thomas Ogden. All have seen limited
drilling since the initiation of the option/joint venture with
Goldcorp, however the most recent focus has been on the newly
discovered Thomas Ogden Zone. A total of 46 holes have now been
completed at Thomas Ogden over the past three years and the zone
has been partially defined as an easterly plunging alteration zone
with mineralogy and geometry typical of other deposits along
strike. High grade gold mineralization appears to correlate with
flexures within the TOG stratigraphy. The zone remains open and
will continue to be the focus of future drilling.
Results from holes TOG-13-35 to 38 are outlined in the table
below:
Drill Hole Number |
Meters from |
Meters to |
Total Meters |
Gold G/T Uncut |
TOG 13-35 |
|
|
|
NSA |
TOG 13-36 |
124.95 |
142.00 |
17.05 |
1.90 |
including |
124.95 |
131.00 |
6.05 |
4.21 |
TOG 13-37 |
228.00 |
235.85 |
7.85 |
0.50 |
TOG 13-38 |
164.75 |
219.40 |
54.65 |
1.89 |
including |
164.75 |
190.45 |
25.70 |
2.79 |
* Reported drill intercepts are not true widths.
Due to the complex nature of the folded stratigraphy, insufficient
data is available to calculate true orientations. |
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 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.
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-VENTURE:SIC) and approximately 5% interest
in Gold Royalties Corp (TSX-VENTURE: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
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
Metals Creek Resources Corp.Alexander (Sandy) StaresPresident
and
CEO(709)-256-6060(709)-256-6061astares@metalscreek.comwww.MetalsCreek.com
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