Metals Creek Resources Corp. Announces Completion of Airborne EM/Mag Survey at Dona Lake Gold Project, NW Ontario.
Toronto, September 12 2019 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “company”) is pleased to announce that the company has completed an airborne time-domain electromagnetic (EM) and magnetic (MAG) geophysical survey over the recently optioned Dona Lake property.
Preliminary results from the recently completed airborne survey define a number of conductive trends associated with magnetic highs indicative of oxide iron formations which is the host to gold mineralization on the Dona Lake Property. 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 recently completed airborne will prioritize targets exhibiting strong conductivity and weaker magnetic signatures. Geophysical targets will be ground proofed and prioritized once the final airborne data is received and compiled in preparation for a diamond drill program.
The Dona Lake Project was recently optioned from 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 totaling approximately 430.1 hectares and covers the past producing Dona Lake Mine.
Dona Lake has seen no modern Geophysical exploration and the company believes this airborne will further enhance our understanding of the geology as well as identifying areas of increased conductivity possibly indicating areas of increased pyrrhotite mineralization.
Read More at:
www.metalscreek.com/september-12-2019
