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Metals Creek Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - August 31, 2017) - Metals Creek Resources Corp. (TSXV: ME...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Provides Exploration UpdateToronto, Ontario--(Newsfile Corp. - August 31, 2017) - Metals Creek Resources Corp. (TSXV: MEK) (\"Metals Creek\" or \"the company\") is pleased to provide the following update on its exploration Projects:Ogden Gold Project (50/50 Joint Venture with Goldcorp)The Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Inc. (Goldcorp) owns 50% with MEK being the operator of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Fault between Goldcorp's 16.5 million oz. Dome Mine and Tahoe Resources West Timmins Mine. The vast majority of the Porcupine-Destor Fault on the property is underexplored, compared to other properties in the Timmins Gold camp.The latest drilling (See news release dated 05 June 2017) saw hole OG17-002 intersect two zones of gold mineralization including 4.96 grammes per tonne (g/t) gold over 3.97 meters(m) and a second zone returning an intercept of 1.43 g/t gold over 14m confirming the presence of a new zone of mineralization west of TOG with similar alteration features to that of TOG as well. Hole OG17-002 was a follow-up hole to that of OG16-040 (see news release March 4, 2016) which returned an intercept of 5.06 g/t gold over 2.6m thus further defining an easterly plunging mineralized system west of TOG. Drilling will resume in this area in September. The company also announced that a short prospecting program has led to the discovery of a new mineralized gold showing approximately 465 meters southeast of the Thomas Ogden Zone (see news release also dated 05 June 2017). This new mineralization is characterized by strong albitization, silicification with associated pyrite and stringer style arsenopyrite. Due to the nature of the pervasive and brecciated alteration, primary textures have been overprinted. Results from grab samples returned values up to 1.3 g/t Gold. Pyrite and arsenopyrite percentages range from 2-15%, co-incident with a 600m long moderate to strong Induced Polarization (IP) ground geophysical chargeability anomaly. Given the extensive overburden cover, mineralization has only been located in one location to date. The company has applied for trenching and drilling permits on the new discovery and work will commence once permits are received.Flint Lake Gold Project, NW Ontario.Metals ...