Jan 12 2011
Metals Creek Resources Corp. (TSX VENTURE:MEK) has announce additional assay results from its recently completed 4102 meter diamond drill program on the Ogden Gold Project in Timmins, Ontario, which is under option from Goldcorp Canada Ltd. and Goldcorp Inc.
Results from the latest drilling on the Thomas Ogden Zone include a near surface intercept in hole TOG-10-21 of 4.37 g/t (grams per tonne) gold over 23.4m (meters) within an altered porphyry with associated pyrite, strong silicification and visible gold. This intercept was part of a broader zone of porphyry-style mineralization assaying 1.94 g/t gold over 75.85m. The hole was collared 50m east along strike from previously released hole TOG-10-20 (See MEK press release dated December 13, 2010) which had a down hole intercept of 1.08 g/t gold over 54.70 m. Hole TOG-10-21 was drilled in the same direction and collared in the same porphyry intercepted in hole TOG-10-20.
Additional results were also received from drilling on the Naybob South Zone located 4 km east of Thomas Ogden. Highlights from this drilling included 13.23 g/t gold over 2.95 m from hole OG10-030. Both the Thomas Ogden and Naybob South Zones are within or proximal to the Porcupine-Destor Fault and are hosted by altered porphyries and mafic to ultramafic volcanic rocks analogous with the geological setting of the majority of the larger gold deposits in the 70 milllion ounce Timmins District. The Ogden property covers an 8 km strike length of the Porcupine-Destor Fault and is located 8 km west of, and along strike from Goldcorp's Dome Mine Complex and 10 km east of Lakeshore Gold's West Timmins development project.
A total of 19 holes were drilled in this latest drill program, targeting Thomas Ogden, Naybob South and peripheral exploration targets outside of the existing gold zones. Of the 12 holes included in this release, six holes targeted near surface mineralization within the Naybob South Zone above the 100m level within an area of widely spaced drilling, five targeted the Thomas Ogden Zone and one targeted a peripheral ground IP (Induced Polarization) geophysical target.
Additional drill results will be released when they are received and compiled.
The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp"). Metals Creek can earn a 50% interest in the Project by incurring $3.1 million in expenditures and issuing a combination of cash and shares totaling $460,000 over 4 years.
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 exhibiting 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.
Source:
Metals Creek Resources Corp.