- Metals Creek Resources Corp. (MEK) has received gold anomaly results for its Ogden gold property
- A total of 983 samples were collected on 100-metre spaced lines with nominal sample spacings of 25 metres
- Three new prospective gold targets were identified
- There are five known gold zones on the property
- The Ogden gold project covers eight kilometres of the Porcupine Destor Fault, which is the key outlet for gold mineralization in the area
- Metals Creek Resources Corp. (MEK) is down 2.7 per cent trading at $0.18 per share as of 3:04 p.m. EST
Metals Creek Resources Corp. (MEK) has received gold anomaly results for its Ogden gold property.
The Ogden gold project is a 50/50 joint venture with Newmont Corporation, and Metals Creek is serving as the operator.
Phase II on the project was conducted to extend sampling on the property to boundaries along the Porcupine-Destor break and prospective stratigraphy.
A total of 983 samples were collected on 100-metre spaced lines with nominal sample spacings of 25 metres.
Three new prospective gold targets were identified.
With greater than 97 per cent of the project covered by overburden, the survey can greatly expedite the target generation process.
The survey may result in substantial cost savings when evaluating and ultimately delineating these potential targets.
The Ogden gold project covers eight kilometres of the Porcupine Destor Fault, which is the key outlet for gold mineralization in the area.
There are five known gold zones on the property.
Drilling in 2012 and 2013 greatly enhanced Metals Creek’s understanding of the geological and structural complexity of the land and its control on gold mineralization.
The gold mineralization is associated with alteration zones within porphyry dikes and Timiskaming sediments.
The alteration consists of strong albitization and silicification, with varying amounts of pyrite, arsenopyrite mineralization and commonly with associated visible gold.
Metals Creek Resources Corp. (MEK) is down 2.7 per cent trading at $0.18 per share as of 3:04 p.m. EST.
