Thunder Bay Ontario--(Newsfile Corp. - May 25, 2023) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce assay results from the initial round of prospecting on its recently acquired Shabaqua Corners property.
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.
Initial field activities on the Shabaqua Corners Gold Property concentrated on evaluating the previously reported (See news release: March 28, 2023) historic gold mineralization that is hosted within an east-west trending zone of mineralization. 24 samples were collected (See table 1 and figure 1 below) with assays ranging from ≤0.005 to 42.8 grammes per tonne (g/t) Gold (Au) within strongly altered mafic volcanics. Alteration consists of pervasive iron carbonate with associated quartz carbonate veining and stockwork ranging from 2-30% of the host rock as well as local fuchsite within more sheared areas. Mineralization consists of trace to 10% disseminated to stringer pyrite with local arsenopyrite up to 1%. Very fine visible gold (VG) was noted within samples MAM23-001 and 020. Preliminary interpretation indicates gold mineralization occurs at the contact with mafic volcanics and sediments with associated shearing and iron carbonate alteration. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
Prospecting and geological mapping is ongoing with the aim of further delineating known gold mineralization along strike as well as continuing to evaluate other portions of the property for prospective gold bearing parallel structures as demonstrated within other projects within the Shebandowan Greenstone Belt.
The project is underlain by mafic volcanics with interbedded sediments. Gold mineralization is hosted within an east-west trending zone of pervasive carbonate alteration with associated quartz carbonate veins and pyrite/arsenopyrite.
Alexander (Sandy) Stares states, "This initial phase of prospecting confirms the high-grade nature of gold mineralization on the Shabaqua Corners Property. We are especially encouraged that 4 of the 24 samples collected ran over 30g/t Au."
|Gold Parts Per Billion (ppb)
Table 1 Assay Results
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The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m (Source: Delta New Release October 31, 2022). Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m (Source: Delta Resources Website).
All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish.
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.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, 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).
Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167406