Home > News > Ogden drilling reporting...

Ogden drilling reporting high grade gold mineralization

By Gregory Reynolds, Mining Life

Oct 30, 2017


Drilling by Metals Creek Resources Corp continues to intersect high grade gold mineralization on its Ogden Township project in the City of Timmins.

It has announced final drill results from its completed diamond drill program targeted on expanding the Thomas Ogden Gold Zone (TOG), located in the heart of the Timmins Gold Camp.

This program consisted of six holes (2382 meters) and was successful in further defining the TOG Zone and host stratigraphy. Results from the first hole, TOG-16-47, was outlined in a previous release dated Nov. 15, 2016 and included an intersection of 5.73 g/t (grammes per tonne) gold over 8.2m (metres).

Highlights from the remaining five holes included an intersection of 4.39 g/t over 12.45m from hole TOG 16-48.

TOG 16-48 was a 45m undercut below previously released hole TOG 13- 27 which intersected several zones of mineralization, including a down hole intercept of 49.96 g/t Au over 9.0m. Hole TOG 16-48 intersected the zone at a down-hole depth of 199.95m and assayed 4.39 g/t gold over 12.45 m. This intersection is typical of the TOG Zone and is described as a strongly altered felsite and conglomerate characterized by strong albitization and silicification with associated disseminated pyrite, local arsenopyrite and visible gold.

Commented Alexander (Sandy) Stares, president and CEO of MEK: “Management remains highly encouraged by these results as we continue to intersect high grade gold mineralization over appreciable widths, within 10 km of Goldcorp’s Dome Mill Complex.

Each drill program adds to our understanding of the controls of the mineralization and will enable MEK to more effectively evaluate the down plunge projection of the TOG Zone as well as integrate the 15-40 zone located 500m to the west of TOG, into the current geological model.” The property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. Owns 50% (as manager and on behalf of the Porcupine Joint Venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator of the project.

The Ogden claims cover eight kilometres of strike length of the Porcupine-Destor Fault between Goldcorp’s 16.5 million oz. Dome Mine and Tahoe Resources West Timmins Mine.

The vast majority of the Porcupine-Destor Fault on the property underexplored, compared to other properties in the Timmins Gold Camp. Metals Creek has been accepted to participate in the Junior Exploration Assistance Program (JEAP) grant of up to 33.3% of approved exploration expenses up to a maximum of $100,000 on the Ogden Project.

MEK thanked the Northern Ontario Heritage Fund and the Ontario Prospectors Association for the opportunity to participate in this program.

Metals Creek, a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the TSX:Venture Exchange under the symbol MEK.

Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, and has an 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins and Val d’Or, Quebec.

The Tilex Property is located in Currie Township near the community of Matheson in Northeastern Ontario with excellent infrastructure. Work performed by Metals Creek has included linecutting, geological mapping, ground geophysics and diamond drilling.

Tillex is host to a copper deposit which was originally discovered in 1973 by Westmin Resources Ltd., where 17 drill holes were completed and the claims were taken to a lease.

A historic non 43-101 compliant near surface resource of 1,338,000 tonnes grading 1.56% Cu was calculated in 1990 on the deposit by Pacifica Resources Ltd.

The company has also recently entered into an Option/JV with Trifecta Gold Ltd. on Metals Creek’s Squid properties in Yukon.

It also has a JV with Benton Resources on Metals Creeks Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek’s Jacksons Arm and Tilt Cove Properties, also in Newfoundland.

Metals Creek has been advised by its option partner Anaconda that Anaconda has completed a preliminary work program at the Jackson’s Arm property. It is part of Anaconda’s Great Northern Project, located approximately 20 kilometres north of Anaconda’s Viking project.

The work program was successful in defining areas of prospectivity within the property by determining key geological controls associated with known surface mineralization.

Anaconda can earn a 100% interest by making payments of $200,000, issuing to Metals Creek 500,000 shares of Anaconda and completing work expenditures of $750,000 over 3 years. After vesting Metals Creek will retain a 2% NSR.

Metals Creek is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador.