Metals Creek Resources Inc. (TSXV:MEK)

Metals Creek Resources Inc. (TSXV:MEK)

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Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Goldcorp, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has recently signed an agreement with Newmont Goldcorp, where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Projects Info:

-Dona Lake Project:

• Similar Geology (Banded Iron Formation) to Musselwhite Mine which has produced
greater than 4 million ozs gold • Two subparallel gold zones approximately 25m apart (B-zone and Main) • Produced 246,500 ozs gold (Gold was approx $325) • Main zone mined to the 455 level or 455m vertically from surface • Mined along strike for approximately 125m • Average width of Main Zone of 20m • Open along strike and at depth • No modern exploration techniques utilized on the property over the last 25 years

Drilling in the shadow of the Head Frames in Canada’s most prolific Gold Camp. • Metals Creek have formed a 50/50 joint venture with Newmont Goldcorp, MEK is operator • Over 8km of strike length of the Porcupine-Destor Break, the key conduit for gold mineralization in the Timmins camp • 6 mineralized gold zones • Property hosts a historic non 43-101 compliant resource of 1Mt @ 4.12 g/t Au

Metals Creek moves forward with strong project portfolio, proven management. Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol “MEK”. Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (P-DF) that stretches between Timmins, Ontario and Val d’Or, Quebec. The Company has also recently entered into a JV with Benton Resources on Metals Creeks Staghorn Gold Project in Newfoundland. Metals Creek has also recently made a new gold/silver discovery in the “White Gold District” on the Squid East project in the Yukon and is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador


-Thomas Ogden Zone

Project Background:

Metals Creek (MEK) and Goldcorp Canada and Goldcorp Inc. (PJV) have formed a 50/50 Joint Venture Agreement on the Ogden Gold Property with Metals Creek as operator. The property is located in Ogden Township and covers over 8 km of strike length on the Porcupine-Destor Break. Gold production to the east of the Metals Creek property has exceeded 22 million ounces from a number of mines including Goldcorp's Dome Mine, which has produced in excess of 17 million ounces. Five additional past producers occur along the Porcupine-Destor break , between the Dome Mine and the Property that has seen past production ranging from 920,000 oz to 2,502,000 oz. The Naybob Mine is located on the optioned property and has past production of 50,731 oz of gold. (Source: Government of Ontario, MNDM, Gold production in the Timmins Resident Geologist's District 2006)

Property Geology:

The Porcupine-Destor break is a thrust fault dividing older Deloro assemblage rocks from the younger Tisdale assemblage represented by Timiskiming sediments and mafic to ultramafic volcanics. Within the Tisdale, in close proximity to the Break, are sheared/alteration zones with smaller felsic intrusive plugs and sills that are associated with gold mineralization. Drilling on the property is limited primarily to the eastern portion of the property, and to date there are four zones of gold mineralization outlined including Naybob North, Naybob South, Porphyry Hill and Thomas Ogden.

Exploration::

Work on the property by MEK since 2009 consists of ground magnetic and induced polarization surveys, down-hole induced polarization surveys, minor prospecting and 20,698m of diamond drilling. The majority of the work to date has been focused on the Naybob South and Thomas Ogden zones.
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South zone is described as a zone of intensely albitized mafic/ultramafics that has undergone quartz brecciation and sulphidization adjacent to a porphyry sill. The sulphidization consists of abundant pyrite and arsenopyrite often accompanying free gold. Drill intercepts for South Zone include 9.24g/t Au over 6.61m (OG09-012) and 6.21g/t Au over 6.63m (OG11-002) with both being within 100m of surface.

In 2012, the Corporation completed a 11 diamond drill holes on the Thomas Ogden Zone. Highlights over the 2012 program include 6.08g/t Au over 21.85m including 11.76g/t Au over 9.00m (TOG-12-03) and 9.46g/t Au over 18.55 (TOG-12-07). These diamond drill holes were beneficial in advancing the Corporations understanding of the complex geology and the structural controls on gold mineralization at the Thomas Ogden Zone. The gold mineralization is associated with alteration zones within porphyry dikes and timiskiming sediments. The allteratin zones consist of strong albitization and silicifications, with varying amounts of pyrite and arsenopyrite mineralization and visible gold. Both drill intercepts are within 150m of surface and remain open to the west and at depth.
Drilling from the 8 hole winter diamond drill program (2013) was successful in continuing to expand the Thomas Ogden Zone (TOZ). This program was designed to test the on strike and down dip extent of the TOZ zone as well as better defining the orientation of the known fold structures with the fold hinges interpreted to have a strong correlation with high grade gold mineralization. 2013 drilling resulted in the two highest grade intercepts to date on the Ogden Gold Property which includes 2732.64 g/t gold over 0.93m which is a part of a broader zone of mineralization of 210.19 g/t gold over 12.53m.


-Yukon Gold - Squid East - YK

Metals Creek recently acquired through staking, 148 claim units in two separate blocks in the Dawson Range gold district. The claim blocks are located in the Matson Creek area, 40 km north of Kinross’ White Gold property and Kaminak’s Coffee Project. The claims were staked to cover a number of gold geochemical anomalies.
In July of 2011, the company initiated an exploration program consisting of prospecting and soil sampling resulting in the discovery of a prospective soil anomaly on its Squid East property including strong pathfinder elements typical for the white gold district. 2012 saw additional infill soil sampling resulting in the identification of a strong gold and pathfinder soil anomaly. With a promising strong soil anomaly, the Corporation initiated in 2013 a trenching program resulting in the discovery of the exploits zone with assays including 1.96 g/t Au, 160 g/t Ag and 0.35% Pb over 22m resulting in a brand new discovery. A 400m drill program was initiated shortly after the trenching program resulting in a down hole intercept of 1.55 g/t Au and 114 g/t Ag over 21.0m. This new zone of mineralization is completely open both along strike and at depth. MEK has recently conducted some preliminary bottle roll testing to evaluate the leaching characteristics of the weathered gold bearing material. 92% Gold and 81.75% Silver recovery was achieved exhibiting the potential for the weathered gold bearing material to potentially be processed through heap leaching. On December 19, 2016, MEK entered into an option agreement with Trifecta Gold Ltd. Trifecta can earn up to a 75% interest in MEK’s Squid East Project.



Metal Creek Resources Inc . is a publicly traded company listed on the TSXV under the ticker symbol MEK. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone #1-877-442-2757 ) Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities. This is not investment advice. Please view the disclaimer found on this website.
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  • Founded Year 2004

  • Employee Size 1 - 10

  • Address 1100 Memorial Ave Suite 329 Thunder Bay, ONT P7B 4A3 Canada