Metals Creek Resources Corp (MEK)

[douginil]

Metals Creek Resources Corp. Provides Update on Dona Lake Gold Project, NW Ontario; Applies For Exploration and Work Permits

2019-10-16

Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or the "Company") is pleased to provide the following update on the recently optioned Dona Lake Gold Project (the "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 Gold Project. 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 company has applied for an exploration permit on the Dona Lake Gold Project. Continued compilation is ongoing of historic geological and drill data with the aim of generating a 3D geological model. This model will aide in outlining prospective drill targets for an upcoming drill program. Upon completion and compilation of the airborne survey follow-up as well as upgrading of the access road, drilling will commence on the patented claims on the property.

In addition, the company has applied for a work permit to install culverts to improve road access to the property in anticipation of drilling. Installation of the culverts will commence as soon as the work permit is received.

The Dona Lake Gold Project has seen no modern Geophysical exploration and the company believes this airborne survey will further enhance our understanding of the geology as well as identify areas of increased conductivity possibly indicating areas of increased pyrrhotite mineralization.


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