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Metals Creek Resources Corp.
Summary
| Project: | Ogden | |
|---|---|---|
| Deposit: | Thomas Ogden Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-5-2017: Metals Creek Resources Corp. announces an Exploration/Drilling Update report for its Thomas Ogden Zone deposit at the Ogden project. JV with Goldcorp Canada - drill results incl. 8.22m @ 3.07g/t Au . Metals Creek Resources Corp. (TSX-V:MEK) (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacIsaac (Internal) | |
| ABSTRACT: | Metals Creek Resources Corp. (TSX-V:MEK) (the “Company”) is pleased to announce the discovery of gold mineralization located one kilometer (km) west of the Thomas Ogden Zone (TOZ) in the Timmins Gold Camp. Results have been received from the first two holes of a four hole 980m (see MEK news release March 30, 2017) diamond drill program designed to further evaluate stratigraphy west of TOZ. Hole OG17-002 was collared to test a geophysical Induced Polarization (IP) target and was successful in intersecting two zones of gold mineralization. Significant folding of the stratigraphy has been identified, a key indicator in the TOZ area to potentially host higher-grade gold mineralization along the fold hinges. Management is highly encouraged by this latest discovery exhibiting similar alteration and mineralization to that of TOZ and other deposits in the Timmins Camp consisting of albitization, silicification, with associated pyrite, arsenopyrite and minor amounts of galena, sphalerite and visible gold. Results from the remaining two holes will be released once results are received and compiled. The Ogden Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) 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 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. | |
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