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Metals Creek Resources Corp.
Summary
| Project: | Clarks Brook | |
|---|---|---|
| Deposit: | Clarks Brook | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Metals Creek Resources Corp. announces an Exploration/Drilling Update report for its Clarks Brook deposit at the Clarks Brook project. Drilling results incl. 13.50m @ 1.03g/t Au from 105.5m. Toronto, Ontario--(Newsfile Corp. - April 5, 2018) - M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Froude (Internal) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - April 5, 2018) - Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek) is pleased to announce that they have been advised by their option partner, Sokoman Iron Corp. (TSXV: SIC) (Sokoman) that all holes in the Phase Two program intersected gold mineralization including a second previously unknown zone, which returned the highest grades of the program. Diamond drill hole CB-18-5 intersected bleached and locally clay altered conglomerate cut by a network of narrow pyritic quartz veinlets that returned 3.74 g/t gold over 3.10 metres including 14.73 g/t gold over 0.60 metres. This is the first time that gold mineralization has been observed in conglomeratic units. The Company now believes that many of the previous holes may have been shut down prematurely based on the understanding that gold mineralization observed to date on the property was historically hosted only in finer-grained rocks such as siltstone and sandstone. Therefore, gold mineralization at Clarks Brook may be much more extensive than originally thought. The conglomerate-hosted zone intersected in CB-18-5 lies approximately 100 metres east of, and across strike from, the discovery zone intersected in the 2017 drilling (see attached map). Timothy Froude, P. Geo., Interim CEO states: "We continue to extend existing and discover new zones of gold mineralization at Clarks Brook. Whenever a property is drilled for the first time, as Clarks was last October, you have to be prepared for surprises and be flexible in the way you are thinking. We have learned much from Phase Two that gives us tremendous encouragement for the future and we now realize that we need a much bigger program at Clarks Brook. The mineralization remains open in all directions with a new zone discovered in the most recent phase of drilling." The original Clarks Brook prospect consists of a number of large (up to 1-2 square metres) angular siltstone/sandstone boulders from which previous operators had returned grab sample gold values ranging from 2.98 to 24.5 g/t gold (Altius Minerals Corp. (ALS) in 2004), and from the property vendor, Metals Creek Resources (MEK) in 2016, where thirteen (13) of the large angular blocks were grab sampled and yielded assays ranging from 0.24 g/t to 10.4 g/t gold. Note: The historical assay results mentioned in this news release were grab samples which are selective by nature and are unlikely to represent average grades of the property | |
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