08:56:54 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 157,843,466
Close 2023-12-05 C$ 0.03
Market Cap C$ 4,735,304
Recent Sedar Documents

Metals Creek samples 0.75 m of 29.12 g/t Au at Shabaqua

2023-12-05 12:20 ET - News Release

Mr. Alexander Stares reports

METALS CREEK CHANNEL SAMPLES 29.12 G/T GOLD OVER 0.75M FROM MAIN ZONE ON THE SHABAQUA CORNERS GOLD PROPERTY

Metals Creek Resources Corp. has released channel sample assay results from a recently completed trenching program on the Shabaqua Corners gold property (SCGP).

The property is located within the Shebandowan greenstone belt, approximately 54 kilometres west of Thunder Bay, Ont., near Shabaqua Corners and on trend to Delta Resources' Delta 1 project.

Additional channel sample results from the recently completed trenching program (see the company's news release dated Sept. 7, 2023) have been received from Main Zone trenches. Results include 29.12 grams per tonne (g/t) gold (Au) over 0.75 metre, with visible gold, and are a follow up to previous high-grade results released (see the company's news release dated Nov. 21, 2023) from Main zone. Mineralization is hosted within a zone of intense silicification and quartz stockwork, with associated brecciation at the contact with the mafic volcanics and sediments, as also demonstrated within similar mineralization east of SCGP. Mineralization consisted of 3 per cent to 10 per cent pyrite and 1 per cent to 3 per cent arsenopyrite, with quartz veining and pervasive iron carbonate alteration. These results further validate the high-grade nature of mineralization at surface within Main zone, as shown in the company's Nov. 21, 2023, release. Preliminary interpretation indicates potential for parallel zones of gold mineralization, as shown by south zone mineralization (see the company's new release dated July 20, 2023) approximately 25 m south of the Main zone, as well as gold mineralization three m to five m north of Main zone, as indicated in the Nov. 21, 2023, release. 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. With little to no drilling conducted on the property, the exploration potential at depth is very favourable, as demonstrated on projects east of the project's 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 one g/t gold are reanalyzed using a gravimetric finish and samples with fire assay results above five 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 kilometres west of Delta Resources drill hole DL-22-18, which returned an intercept of 5.92 g/t Au over 31 m (source: Delta new release dated 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, 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).

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

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