Metals Creek Resources Corp. Stakes Cu-Ni-PGM Targets in the Escape Lake Area, NW Ontario.
Toronto, 27 February, 2020 - Metals Creek Resources Corp. (TSX-V: MEK) (OTC: MCREF) (Metals Creek or “the company”) announces that the company has acquired through staking a 100% interest in the five prospective PGM-Cu-Ni targets totaling 1851 hectares (ha) northeast of Thunder Bay, Ontario.
The Falls Lake Platinum Group Minerals (PGM) project is located approximately 50 kilometers (km) northeast of Thunder Bay, Ontario in the Escape Lake area. This area has recently seen extensive PGM-Cu-Ni exploration resulting in the discovery and delineation of magmatic sulfide mineralization associated with mafic-ultramafic intrusions in close proximity to major structural breaks. The Thunder Bay North (TBN) and Escape Lake Projects has recently been optioned to Regency Gold Corp. (See Benton News Release October 10, 2019). Drill results include a down hole intercept of 46.65m with 5.27 grammes per tonne (g/t) Pt and 4.55 g/t Pd with 1.154% Cu and 0.465% Ni (See Benton Resources news release July 2, 2019). The Escape Lake area has seen significant success in PGM-Cu-Ni exploration over the last few years, including North American Palladium’s (Partnered with Transition Metals) Sunday Lake Project located approximately 28km west of the TBN. North American Palladium continues to expand on the recent discovery of magmatic sulfide mineralization within the Sunday Lake intrusion. Historically, the Escape Lake area has not seen any significant sustained exploration activity for PGM mineralization until the discovery of magmatic sulfides on the Thunder Bay North Project. Recently the area has seen significantly more exploration activity however remains vastly underexplored for PGM-Cu-Ni style mineralization and holds high exploration potential for the discovery for additional magmatic style sulfide mineralization.
The five recently staked claim blocks that comprise the Falls Lake PGM project exhibit discrete magnetic signatures similar to that of the magmatic conduits present on the TBN project which host the PGM-Cu-Ni mineralization. Also associated with the recently staked claim blocks are lake sediment anomalies which exhibit similar profiles and pathfinder elements to the lake sediment anomalies present within the area of the magmatic sulfide mineralization at the TBN project as well as structural breaks proximal to these prospective anomalies.
Read more at:
www.metalscreek.com/february-27-2020
