Mar 7 2016
Metals Creek Resources Corp. (the "Company") is pleased to report additional drill results from its continuing program at the Ogden property in the Timmins Gold Camp. Highlights include the possible extension of the Thomas Ogden mineralization 480 meters to the west, where step out hole OG16-040 intersected 5.06 grams per tonne (g/t) Au over 2.6 meters within a wider zone of mineralization consisting of 0.78 g/t over 24.4 m.
The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Fault between Goldcorp's 20 million oz Dome Mine and Lake Shore Gold's West Timmins Mine. The 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.
This step-out hole is very significant in that it has demonstrated the presence of high grade gold mineralization west of Thomas Ogden Zone (TOZ). Other than an historic hole on the same section as OG16-040, no other drilling has been done to test the western extension of the gold horizon. OG16-040 was a 100m undercut of this historic hole which returned an intercept of 0.38 g/t gold over 17.0m. This intercept is historic in nature and has not been validated. The intercept in OG16-040 is described as a moderately to strongly altered Timiskaming conglomerate with strong silicification and associated sericite. Mineralization consists of finely disseminated pyrite, and minor pyrrhotite and arsenopyrite. Visible gold was noted in this intercept.
Management of the Company is highly encouraged by the discovery of high grade gold mineralization to the west, as it opens up a brand new area along the TOZ horizon which is part of the main gold bearing structures of the Porcupine-Destor Fault. Encouraging also, is the similar style and type of alteration as well as mineralization found within the main Thomas Ogden Zone to date. The stratigraphy west of OG16-040 remains untested for an additional 1000m, which includes a 500m untested Induced Polarization (IP) geophysical anomaly. The geophysical signature of this untested anomaly has similar characteristics to that of the Thomas Ogden Zone.
A total of three holes were completed in this latest program, including the step-out hole reported above. The remaining two holes targeted near surface mineralization on the western portion of the Thomas Ogden Zone. Results include TOG-16-42 drilling a down hole intercept (157.5-163.0m) of 5.5m of 1.70 g/t gold including 1.0m of 6.01 g/t gold. The second hole included a 4.1m down hole intercept (224.9-229.0m) of 1.14 g/t gold.
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 Corporation's 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 Company 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.
Source: http://www.metalscreek.com/