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Metals Creek Resources Corp. Signs MOU With Mishkeegogamang First Nation On The Dona Lake Gold Property, Ontario
Toronto, Ontario--(Newsfile Corp. - June 15, 2020) - Metals Creek Resources Corp. (TSXV: MEK) ...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Resources Corp. Signs MOU With Mishkeegogamang First Nation On The Dona Lake Gold Property, OntarioToronto, Ontario--(Newsfile Corp. - June 15, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek or the \"Company\") is pleased to announce that the company has signed a Memorandum Of Understanding (MOU) with Mishkeegogamang First Nation. The goal is to establish a long term, mutually beneficial and co-operative relationship based on trust and certainty.Alexander (Sandy) Stares states, \"This MOU is a tangible example of Metals Creek's commitment to community relations, which affirms our company's belief that mineral exploration and mining, in addition to creating value for shareholders, can and should be a positive catalyst for environmental stewardship, economic development, and social responsibility. We conduct our business activities in pursuit of these outcomes, and to create shared value with First Nations, host communities and other stakeholder groups. Plans for exploration are well under way and this year the program will incorporate exceptional measures to protect our people and communities from the transmission of COVID-19. The health and safety of our workforce and surrounding communities takes precedence above all else and we will take every precaution necessary.\"The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp - see news release dated 13 June 2019) and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Property consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,063 hectares and covers the past producing Dona Lake Mine. Currently there are four known gold bearing oxide iron formations that host gold mineralization on the Dona Lake Gold Project. It is interpreted that the more pyrrhotite rich sections of the iron formation within the Dona Lake deposit tend to exhibit a strong spatial relationship to increased gold mineralization. This could be a result of pyrrhotite replacing magnetite, decreasing the magnetite content and magnetic signature. With pyrrhotite being highly conductive, modeling of the re...