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Metals Creek Resources: Finding gold amongst past producers and in the shadow of headframes
MeTals Creek resoUrCes:
finding gold amongst past producers and in the shadow of headframes
Metals Creek Resources (TSXV:MEK) is a Canadabased mineral acquisition and development company focused on exploring future mining opportunities throughout Canada. The company currently has world-class properties in Ontario, Yukon Territory, and Newfoundland and Labrador. The mining and investorfriendly jurisdictions and rich resource histories of these properties prime Metal Creek Resources for potentially significant high-grade discovery.
The company has two key projects in operation: its Dona Lake gold project and Ogden gold project in Ontario. Metal Creek’s flagship projects are well-positioned for advanced exploration in collaboration with strategic partners and joint venture agreements. Metal Creek’s Ontario properties’ biggest attractions are their high-grade drill results, location and history of pastproducing high-grade gold exploration.
• 50/50 JV With Newmont Mining • Located between two existing mills belonging to Newmont and Pan American Silver
• Historic highlighted results include: — 210.19 g/t Au over 12.53 metres — 49.96 g/t Au over 9 metres — 1.94 g/t Au over 94 metres — 2.20 g/t Au over 78.85 metres • Drillable year round
• Option Agreement with Newmont
• Past producing mine
• Drilling highlights by Metals Creek: — 4.08 g/t Au over 20.85 metres — 3.04 g/t Au over 25.05 metres — 3.89 g/t Au over 23.08 metres — 8.07 g/t Au over 7.00 metres
• Drillable year round
metalS creek’S company highlightS
• Metals Creek Resources is a junior exploration company focused on developing past-producing and world-class gold properties in Canada.
• The company’s flagship projects include the Dona Lake and
Thomas Ogden gold projects in Ontario.
• Drill campaigns have found high grades of gold.
• Metals Creek has entered into an option agreement with
Newmont Corp. for potential 100 per cent ownership of the
Dona Lake project. Additionally, the company has formed a 50/50 joint venture agreement with Newmont for the
Ogden gold project in the Timmins Camp.
• Past-producing gold and mineralization histories prime the company for expansive development plans and potentially high-grade high yield as seen by neighboring projects.
• Metals Creek intends on advancing drill campaigns to explore project targets and dive deeper into investor and growth opportunities its properties have to offer.
metalS creek’S key projectS
Dona Lake Gold Project
The Dona Lake Gold project is one of Metal Creek’s flagship gold properties, and it is located in the Pickle Lake area of Northern Ontario. The property hosts high-grade gold within its widespread banded iron formation structures and leverages favorable mining conditions.
This project is Metal Creek’s second option agreement with Newmont Corp. The company has the option to earn 100 percent ownership of the project with the issuing of seven million shares and spending of C$4 million over three years.
The company has already completed two successful drill programs for the project. This program’s results have confirmed gold mineralization outside of current mined areas and potentially deeper gold mineralization.
Past-producing history on the property indicates the production of 246,500 ounces of gold priced at US$375 an ounce before mine closures in 1994. Metals Creek expects to continue drilling campaigns into depths below current mine workings.
ogden gold project
The Ogden gold property covers eight kilometres of strike length on the Porcupine-Destor Break in Ogden Township, Ontario. Metals Creek Resources and Newmont have formed a 50/50 joint venture agreement on the property, with Metal Creeks as the operator. The property has the potential to mimic successful gold production levels reaching 17 million ounces of gold as seen by its eastern neighbours.
Ogden hosts six mineralized gold zones and a historic non 43101 compliant resource of one million tonnes at 4.12 g/t gold. A 2013 drilling campaign uncovered 210.19 g/t gold over 12.5 metres. In 2017, the company reported 4.39 g/t gold grades over 12.45 metres after drilling the target TOG-17-53 on the property.
Exciting discoveries of visible gold in the core have prompted additional investment interests and points to fold structure orientations that could correlate to high-grade gold mineralization. Metals Creek intends to expand drilling to explore this project’s potential further.