Dec 14 2010
Metals Creek Resources Corp. (TSX VENTURE:MEK) has announced assay results from its ongoing 2500 meter drill program on the Ogden Gold Project in Timmins, Ontario, which is under option from Goldcorp Canada Ltd. and Goldcorp Inc.
Highlights of the results includes an intersection of 1.08 g/t (grams per tonne) gold over 54.70m (meters) from a near surface intercept in drill hole TOG-10-020 which was targeted on the Thomas Ogden Zone. This intercept is hosted within altered porphyry with associated pyrite mineralization and strong silicification and represents the most significant near surface drill intercept to date within the Thomas Ogden Zone. The hole was drilled in a southerly direction, as opposed to previous drill holes which were drilled in a northerly direction, and in the process drilled through an area previously untested while trying to attain a near surface intercept within the steeply dipping zone. Hole TOG-10-020 collared in the porphyry unit and remained in this unit until intercepting the Thomas Ogden stratigraphy 30m above hole TOG-10-08 which had a previously reported intersection of 8.22 g/t gold over 4.4m (see MEK press release dated June 17, 2010) . The Thomas Ogden Zone occurs within the Porcupine-Destor Fault, at the contact between mafic volcanic rocks of the Tisdale Group and a porphyry intrusion, a setting which is analogous to the majority of the larger gold deposits in the 70 million ounce Timmins Gold District. The Ogden property covers an 8 km strike length of the Porcupine-Destor Fault and is located along strike from Goldcorp's Dome Mine Complex, 8 km to the east, and Lakeshore Gold's West Timmins development project, 10 km to the west.
"Management is highly encouraged with this new near surface gold mineralization within porphyry style mineralization as it demonstrates the potential for a low grade bulk tonnage resource in close proximity to existing infrastructure within a world class gold camp."
Drill results include:
TOG-10-020: Targeted on the Thomas Ogden Zone - 54.7m down hole intercept (83.00m to 137.7m) at 1.08 g/t gold, including two higher grade portions of 1.15m (110.85m to 112.0m) of 16.986 g/t gold and 2.0m (118.0 m to 120.0m) of 5.03 g/t gold.
OG10-006: Targeted on a peripheral Induced Polarization anomaly – no significant results
OG10-005: Targeted on a peripheral Induced Polarization anomaly –returned a 1.07m intercept of 1.15 g/t gold (174.33 m to 175.4m).
Drilling is continuing on the Thomas Ogden Zone and a second drill has been added to further investigate near surface mineralization within the Naybob South Zone and peripheral exploration targets outside of the mineralized zones. Additional drill results will be released when they are received and compiled.
The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp"). Metals Creek can earn a 50% interest in the Project by incurring $3.1 million in expenditures and issuing a combination of cash and shares totaling $460,000 over 4 years.
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 exhibiting 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.
Source: Metals Creek Resources Corp.