00:56:18 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 157,843,466
Close 2023-11-02 C$ 0.025
Market Cap C$ 3,946,087
Recent Sedar Documents

Metals Creek discovers additional gold at Shabaqua

2023-11-07 13:50 ET - News Release

Mr. Alexander Stares reports

METALS CREEK DISCOVERS ADDITIONAL HIGH GRADE MINERALIZATION WHILE TRENCHING ON THE SHABAQUA CORNERS GOLD PROPERTY

Metals Creek Resources Corp. has found another new high-grade gold discovery while mechanical surface trenching on the Shabaqua Corners gold property.

The recently announced trenching program (see Metals Creek news release dated Sept. 7, 2023) targeting multiple prospective gold targets has resulted in the discovery of additional high-grade gold mineralization approximately 205 metres west of Main zone. This new discovery was the result of trenching a highly anomalous soil assay of 82 ppb (parts per billion) gold which resulted in the discovery of a narrow flat-lying high-grade mineralized structure. Initial sampling returned 50.1 grams per tonne (g/t) gold (Au). Gold mineralization is associated with a narrow strongly mineralized flat-lying structure with blebby to stringer style mineralization with 2 to 20 per cent arsenopyrite, 2 to 5 per cent cubic pyrite with associated silicification and quartz fragments and hosted within mafic volcanics. The presence of cubic pyrite appears to be a key indicator for gold mineralization as previously demonstrated at Main zone. This new high-grade discovery is 150 metres (m) south of the recently discovered Echo zone (see Metals Creek news release dated Aug. 16, 2023) and represents a potential style of mineralization with strong mineralization within flat lying structure. Additional other soil sample anomalies were trenched and the results will be released as assays are received and compiled. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)

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

Alexander (Sandy) Stares, president and chief executive officer of Metals Creek, states: "These new high-grade discoveries demonstrate that similar style mineralization exists on Metals Creek's Shabaqua Corners gold property (SCGP) to that of mineralization east of SCGP. With the limited amount of exploration work that has been historically performed in this portion of the Shebandowan greenstone belt, we are highly encouraged about the exploration potential for additional discoveries based on our new gold discoveries to date over a short period of time."

The eastern boundary of the property is located 1.57 kilometres west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31 m (source: Delta news release Oct. 31, 2022). Trenching conducted on Delta's ground 390 m east of the property boundary, returned an interval of 2.22 g/t Au over eight m (source: Delta Resources website).

Michael MacIsaac, PGeo, and vice-president of 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.

About Metals Creek Resources Corp.

Metals Creek Resources is 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 exchange under the symbol MEK. Metals Creek has earned a 50-per-cent interest in the Ogden gold property from Newmont Corp., including the former Naybob gold mine, located six km south of Timmins, Ont., and has an eight km strike length of the prolific Porcupine-Destor fault (P-DF). In addition, Metals Creek owns and/or has option agreements in place to acquire a 100-per-cent interest in claims in the Shabaqua Corners area of Northwestern Ontario.

Metals Creek also has multiple quality projects available for option which can be viewed on the company's website.

© 2024 Canjex Publishing Ltd. All rights reserved.