Metals Creek Channel Samples 29.4 g/t Gold Over 0.60m From Main Zone on The Shabaqua Corners Gold Property
29.4 g/t Au over 0.6m within cherty silicified zone with 10% pyrite
6.96 g/t Au over 0.9m within quartz stockwork with 2% pyrite
Thunder Bay Ontario, November 21, 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce channel sample assay results from recently completed trenching program on the Shabaqua Corners Gold Property.
The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.
Channel sample results from the recently completed trenching program (See MEK news release dated September 7, 2023) targeting multiple prospective gold targets have been received from Main Zone. Mineralization consisted of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration hosted within a zone of intense silicification and quartz stockwork with associated brecciation. Results include 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m. Four (4) Grab samples collected immediately north (4-6m) of the main zone mineralization (See Figure 1) returned gold assays ranging from 396 parts per billion (ppb) up to 10.2 g/t Au indicating a potential parallel zone of mineralization as demonstrated in other gold zones within the Shebandowan Greenstone Belt. Preliminary interpretation indicates gold mineralization occurs at or near the contact with mafic volcanics and sediments, with shearing and intense iron carbonate alteration as well as potential secondary structures to that of main zone. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)
Further assays are pending and will be released as they are received and compiled.
Historically, very little exploration work has been conducted on the project and management is highly encouraged with the trenching results to date. Over a short period of time, the company has been successful in discovering several new gold showings. The use of soil sampling has been instrumental in identifying prospective areas for trenching with pervasive overburden coverage. Utilizing this cost effective exploration tool has led to the discovery of five (5) new gold showings/zones. Due to significant overburden depths, several prospective gold in soil anomalies remain untested. With little to no drilling conducted on the property, the exploration potential at depth is very favorable as demonstrated on projects east of our eastern boundary where gold grades and widths appear to increase with depth.
