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Metals Creek confirms mineralization continues at Dona Lake Gold Mine

Sep 21, 2020

Metals Creek Resources Corp. has announced the final results from its recently completed diamond drill program from the Dona Lake Gold project. 

"Management is highly encouraged with the drill results from this initial drill program on the Dona lake Gold project," Alexander Stares, President and CEO of Metals Creek said. 

"A substantial amount of time has gone into generating the current Dona Lake geological model from data that was in non-digital form. Hole DL20-003 authenticates the current model and demonstrates the continuation of gold mineralization at depth, below the lower most level." 

Hole DL20-003 was designed to test for the continuation of gold mineralization below the lower most level of the Dona lake Mine (455 level). This hole penetrated the Main Zone at approximately 500m below surface and returned a core length intercept of 8.07 grams per tonne (g/t) Gold (Au) over 7 meters (m) (531.6 - 538.6 m). Included in this intercept is a high grade intercept of 17.6 g/t Au over 1 m (See Table Below).

Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 30% with local pyrite and magnetite. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite in conjunction with strong folding.

Holes DL20-001 and DL20-002 which were reported in the last news release (see MEK news release dated 08 September 2020), were collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings. Included in this release was hole DL20-002 which returned a core length intercept of 8.45 g/t Au over 3.15m (254.85-259.00m). This intercept was a part of a broader zone of mineralization returning a core length intercept of 5.67 g/t Au over 5.15m (254.85-260.00m).

Drill intercepts reported in holes DL20-001, 002, and 003 are not true widths. There is insufficient data at this point to determine a true orientation.

Currently, the Corporation in is the final stage of planning holes for an upcoming drill program (Phase 2) for this coming fall.

The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp - see news release dated 13 June 2019) and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,063 hectares and covers the past producing Dona Lake Mine.

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