- Metals Creek Resources (MEK) has begun a diamond drill program at its Dona Lake Gold Project in northwestern Ontario
- The company plans to drill a minimum of 2,500 metres, testing for gold mineralisation in the Main and B-Zone regions south of the Dona Lake Mine
- Deep drilling will also be carried out to assess the continuation of mineralisation below the lowest levels of the mine
- According to a mid-September news release, the company previously intercepted mineralisation in hole DL20-03 at a vertical depth of 500 metres below the mine
- Metals Creek Resources is currently steady at C$0.06 per share
Metals Creek Resources (MEK) has begun a diamond drill program at its Dona Lake Gold Project in northwestern Ontario.
Located within the Pickle Lake Gold Camp, the project covers approximately 1,063 hectares, and consists of 32 patented and leased mining claims and 35 staked claims.
Included within the property is the past-producing Dona Lake Mine, which operated from 1989 to 1994 and produced 246,500 ounces of gold at an average grade of 7.44 grams per tonne.
The Pickle Lake Greenstone Belt is also host to several other historic mines, including the Central Patricia and Pickle Crow mines.
There are currently four known gold oxide iron formations at the Dona Lake Project that host gold mineralisation. To date, the deepest hole to be completed reached a depth of 100 metres below the mine workings of the Main Zone, returning an intercept of 21.08 metres at 4.36 grams per tonne of gold.
Metals Creek intends to drill a minimum of 2,500 metres, testing for gold mineralisation in the Main and B-Zone regions south of the Dona Lake Mine.
Deeper drilling will also be carried out to assess the continuation of mineralisation below the lowest levels of the Dona Lake Mine. Part of this work will follow-up on hole DL20-03 which, according to a news release published in mid-September this year, intercepted mineralisation at a vertical depth of 500 metres.
According to an agreement with Newmont, Metals Creek has an topic to earn a 100 per cent interest in the Dona Lake Project by issuing 7 million shares to Newmont and assuming C$4 million in expenses over a three-year period.
Metals Creek Resources is currently steady at C$0.06 per share, as of 2:01pm EST.