Metals Creek Resources drills visible gold at Shabaqua Corners Gold Project, Ontario
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1)Â announced drill results for the Shabaqua Corners Gold Property (SCGP), Ontario, with visible gold noted in the deepest hole during this program at the Echo Zone.
This drill program consisted of 5 drill holes targeting both Main Zone and Echo Zone. Initial drilling at Echo Zone exhibits strong carbonatization and silicification including moderate albitization with associated quartz veining and fine pyrite mineralization within clastic sediments. Alteration intensity and quartz vein density appear to be increasing with depth which has also been demonstrated in other locations of the Shebandowan Greenstone Belt. Associated with this increase in alteration and quartz veins, is an increase in pyrite mineralization with the occurrence of Visible Gold (VG).
GC24-001Â returned a downhole intercept (12.0 – 40.0m) of 0.37 (g/t) gold (Au) over 28.0 meters (m) including 1.09 g/t Au over 3.0m (13.0 – 16.0m). This hole drilled at Echo Zone was designed to undercut surface channel sampling from previous summers trenching program) with results including 1.04 g/t Au over 18.7m. This zone contains strong carbonatization, silicification and moderate albitization with associated quartz veining ranging from 1-6%. Fine-grained disseminated pyrite is the dominant sulfide throughout the host as well as locally within white quartz-carbonate veinlets. Pyrite ranges from trace to 4% with local arsenopyrite.
GC24-002Â returned a downhole intercept (63.0 – 84.0m) of 0.48 g/t gold over 21.0m within a broader zone of mineralization of 0.33 g/t gold over 40m (55.0 – 95.0m). GC24-002 was an undercut below previously described GC24-001, to expand on the strong alteration and mineralization encountered in hole GC24-001. Of particular interest in GC24-002, is an interpreted thickening of the alteration halo, which includes carbonatization, silicification and albitization, increased disseminated pyrite along with an increased density of narrower quartz veins, which appear to be more conducive to hosting free gold. Visible Gold was intercepted within a narrow quartz veinlet similar to associated veins on surface with increased gold grades.
GC24-003Â returned a downhole intercept (62.0 – 101.0m) of 0.15 g/t gold over 39m. Hole 003 was located 25m east of hole GC24-001. Strong carbonatization and silicification with trace to 2% pyrite and 1-3% quartz stringers was intersected.
GC24-004Â returned a downhole intercept (40.44 – 44.0m) of 0.29 g/t gold over 3.56m targeting Main Zone. Mineralization was hosted within a chert breccia with 2% pyrite and late quartz veinlets.
GC24-005Â No significant assays returned. This hole targeted Main Zone intersecting a mineralized chert with pyrite and quartz veining.
Management is highly encouraged with the results to date from this recent drill program. This was the corporation’s first drilling campaign on the Shabaqua Corners Gold Property and first holes ever drilled on the property. The program was successful in delineating an extensive alteration system at Echo Zone, with associated gold values and visible gold demonstrating its continuation and increase in intensity at depth with the deepest intercept only 60m below surface. Many untested gold showings (Western Shear, Western Shear Extension, East Zone, Anomalous Zone etc..) remain to be further evaluated.
Reported intercepts are not true widths. At this time there is insufficient data to calculate true orientations.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.
The eastern boundary of the property is located 1.57 km west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m. Trenching conducted on Delta’s ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m.
Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corp., including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 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% interest in claims in the Shabaqua Corners area of northwestern Ontario.
Metals Creek also has multiple quality projects available for option.