Metals Creek samples 29.4 g/t gold over 0.60m at Shabaqua Corners Property

Metals Creek Resources Corp. is pleased to announce channel sample assay results from recently completed trenching program on the Shabaqua Corners Gold Property.

The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.

Channel sample results from the recently completed trenching program (See MEK news release dated September 7, 2023) targeting multiple prospective gold targets have been received from Main Zone. Mineralization consisted of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration hosted within a zone of intense silicification and quartz stockwork with associated brecciation. Results include 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m. Four (4) Grab samples collected immediately north (4-6m) of the main zone mineralization (See Figure 1) returned gold assays ranging from 396 parts per billion (ppb) to 10.2 g/t Au indicating a potential parallel zone of mineralization as demonstrated in other gold zones within the Shebandowan Greenstone Belt. Preliminary interpretation indicates gold mineralization occurs at or near the contact with mafic volcanics and sediments, with shearing and intense iron carbonate alteration as well as potential secondary structures to that of main zone.(Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)

Further assays are pending and will be released as they are received and compiled.

Historically, very little exploration work has been conducted on the project and management is highly encouraged with the trenching results to date. Over a short period of time, the company has been successful in discovering several new gold showings. The use of soil sampling has been instrumental in identifying prospective areas for trenching with pervasive overburden coverage. Utilizing this cost effective exploration tool has led to the discovery of five (5) new gold showings/zones. Due to significant overburden depths, several prospective gold in soil anomalies remain untested. With little to no drilling conducted on the property, the exploration potential at depth is very favorable as demonstrated on projects east of our eastern boundary where gold grades and widths appear to increase with depth.

All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. 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.

The project is underlain by mafic volcanics with interbedded sediments. Gold mineralization is hosted within an east-west trending zone of pervasive carbonate alteration with associated quartz carbonate veins and pyrite/arsenopyrite.

The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m (Source: Delta New Release October 31, 2022). Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m (Source: Delta Resources Website).

 

Tags: Northern Ontario / Exploration / Gold / All Articles