Jan 27 2016
Metals Creek Resources Corp. is pleased to report assay results from the first drill hole received from the three diamond drill holes that were completed before the Christmas break (see news release by the Company, December 8,2015) on the Thomas Ogden Zone located on the Ogden Property in the Timmins Gold Camp, Ontario.
The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp's Dome Mine and Lake Shore Gold's West Timmins Mine. The Ogden Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator of the project.
TOG-15-040 was drilled testing the upper 100 meters (m) of the Thomas Ogden Stratigraphy and returned a down hole intercept (127.2m to 130.0m) of 7.26 grammes per tonne (g/t) gold over 2.80 m. The intercept was described as a strongly altered porphyry with strong silicification with associated pyrite and arsenopyrite mineralization. Visible Gold was noted in this intercept. A second zone of mineralization, footwall to the above mentioned mineralization, was also intersected with a down hole intercept (144.0m to 145.0m) of 5.60 g/t gold over 1m. This intercept was described as moderately to strongly altered argillite with associated albitization and fuchsite alteration as well as local pyrite mineralization.
This initial phase of drilling targeted near surface mineralization as well as continuing to further define and provide a better understanding of the complex structural nature of the Thomas Ogden Zone with what appears to be a strong spatial relationship of higher gold grades in close proximity to fold structures identified from recent drill campaigns.
Results for the remaining drill holes will be released when they are received and compiled.
All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. 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.
Michael MacIsaac, P.Geo and VP 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.