Metals Creek drills multiple High-Grade Intercepts at Dona Lake

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce additional diamond drill results from drill holes DL22-029, 030 and 031 of the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the main zone stratigraphy, below the 455 level of the past producing Dona Lake Gold mine (See Figure 1, Schematic Long Section and Figure 2, Schematic X-Section). Hole 029 intersected the Main Zone stratigraphy 499 meters below surface and returned a core length intercept of 11.80 grammes per ton (g/t) gold (Au) over 3.66 meters(m) (539.47-543.13m). This was a part of a broader zone of mineralization of 6.38 g/t Au over 11.33m (531.80-543.13m). Mineralization was hosted within a silicate sulfide iron formation with 0.5 to 25% pyrrhotite and local pyrite with associated grunerite and garnets. Visible gold was noted in this intercept. A second zone of mineralization was intercepted 516m below surface, which returned a core length intercept of 36.21 g/t Au over 2.47m, (558.63-561.10m). This second zone of mineralization is also within the main zone stratigraphy and is separated from the noted intercept above by 11m of felsic dike material. It is hosted within a moderately foliated and chloritized iron formation with 1-20% pyrrhotite and 2-10% pyrite. Visible gold was also noted in this intercept.

A third zone of high-grade gold mineralization was intercepted 54m east (in the hanging-wall) of the main zone iron formation within quartz stockwork returning a grade of 67.10 g/t Au over 0.28m (470.35-470.63m) (See Figure 2, Schematic X-Section). This high-grade veining was intercepted 435m below surface and is hosted within sheared mafic volcanic adjacent to an intermediate dike. Significant visible gold (30 specks) was observed in association with moderate alteration consisting of sericite and 1-2% disseminated pyrite. 

Select pieces of drill core from DL22-029 will be available for viewing at MEK booth # 2640 during PDAC, 13-15 June, 2022 .

Two additional holes were drilled testing peripheral iron formations outside the Dona Lake mine stratigraphy. These holes were planned to better define the orientation and composition of these iron formations. Hole DL22-030 tested the northwest iron formation (See attached Figure 3, Drill Hole location map) returning a core length intercept of 0.66 g/t Au over 9.10m (71.00-80.10m). Mineralization was hosted within silicate-oxide iron formation with trace to 3% pyrrhotite. Hole DL22-031 returned no significant results (NSA) within a chert rich iron formation with local seams of massive pyrrhotite. This hole was drilled east of the Dona Lake mine.

The phase III diamond drill program has successfully defined additional high-grade gold mineralization south of the Dona Lake mine workings. Deeper drilling targeting stratigraphy below the lowermost mine workings has extended high-grade gold mineralization down plunge to a vertical depth of 753m (See news release April 5, 2022). Recently reported drill hole DL22-025 returned a high-grade down hole intercept of 8.11 g/t over 9.51m. This hole represents the deepest hole to date on the Dona Lake property with gold mineralization remaining open at depth.

Tags: Northern Ontario / Exploration / Gold / All Articles