Business
Metals Creek Signs Drilling Contract For Minimum 2500 Meters Drilling At Dona Lake Gold Project.
Toronto, Ontario--(Newsfile Corp. - October 2, 2020) - Metals Creek Resources Corp. (TSXV: MEK...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Signs Drilling Contract For Minimum 2500 Meters Drilling At Dona Lake Gold Project.Toronto, Ontario--(Newsfile Corp. - October 2, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (the \"Corporation\") is pleased to announce that the Corporation has engaged M3 Drilling to conduct a minimum 2500 meter drill program on the Dona Lake Gold Project. This drill program is expected to commence during the latter part of October once the drill becomes available. An announcement will be made once drilling has commenced.This upcoming program will be designed to further test for gold mineralization immediately south of the Dona Lake mine including both the Main and B-Zone mineralized horizons. Deeper drilling will also take place further evaluating the continuation of gold mineralization below the lower most level (455L) of the Dona Lake mine. A part of this deeper drilling will be to test for gold mineralization below hole DL20-03 (See MEK news release September 15, 2020) which intercepted mineralization at 500m vertically below surface.On June 12, 2019 Metals Creek Resources Corp. (TSXV: MEK) announced it had signed an option agreement with Newmont Corporation in which Metals Creek can earn a one hundred percent interest in the Dona Lake Gold Property located in Pickle Lake mining district, 9 km southeast of the town of Pickle Lake, Northwestern Ontario The Project 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. The Dona Lake Mine, an underground operation from 1989 to 1994 produced 246,500 ounces of gold at a grade of 7.44 grams per tonne (Source: 2015 Institute of Lake Superior Geology Fieldtrip Guidebook). In 1994, when the mine closed, the average gold price was approximately $383.23 (US) per ounce. (Source; http://onlygold.com/Info/Historical-Gold-Prices.asp). The Pickle Lake Greenstone Belt 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.On July 8, 2020 Metals Creek announced that they had commenced drilling on the Dona Lake Project. They drilled 3 holes totaling 1411 meters, two shallow holes to test the Main Zone and B Zone and a deep hole to confirm the conti...