Metal Creek Resources discovers new zone at Ogden in Timmins

Fourteen million shares of Metal Creek Resources (MEK-V) traded hands today and the stock finished 5% higher at 10.5¢ apiece, following news of attractive drill results and the discovery of a new zone at the junior’s Ogden gold property in Timmins.

The Ogden project is 10 km along strike to the east of Lake Shore Gold‘s ( LSG-T) Thunder Creek project. It also covers 8 km of strike length of the Porcupine Destor Break, which hosts the Dome mine complex and five large past producers between three and eight km to the east of the property.

Five holes were drilled totaling 2,129 meters and the results included 5.68 grams gold over 7 metres from Hole OG10-025 in the near-surface Naybob South zone, as well as the discovery of a new gold-bearing structure within the footwall of the Naybob South zone.

The intercept from Hole OG10-025 was part of a broader zone of mineralization assaying 4.64 grams gold per tonne over 11 metres and containing visible gold. Hole OG10-025 confirms the continuity of the near-surface mineralization and consisted of 5-30% pyrite and 1-4% arsenopyrite, within a strongly albitized, brecciated and quartz-veined mafic volcanic.

Other highlights included Hole OG10-001, which cut a 1 metre down-hole intercept of 1.9 grams gold and a 2.14 metre down-hole intercept of 1.47 grams gold.

In the new gold-bearing structure within the footwall of the Naybob South zone, Hole OG10-002 cut 1.06 metres of 3.36 grams gold and a South Zone intercept of 2 metres at 1.9 grams gold.

Holes OG10-001 and OG10-002 tested the down plunge extension of the Naybob South Zone and extended the known mineralization an additional 100 metres to a vertical depth of about 350 metres. Both holes intersected the zone.

Deeper drilling indicated that the mineralized Naybob porphyry thickens from an average width of 12 meters in the upper holes to over 144 meters in hole OG10-001, 100 meters down plunge to the west from the 12-meter porphyry intercept.

The drill program was intended to test near-surface mineralization within the Naybob South Zone, the down plunge extension of mineralization within the Naybob South zone, and the down plunge extension of the Thomas Ogden zone.

Previous drilling within the Naybob South zone had defined shallow high-grade gold mineralization for a strike length of more than 300 meters. Previously announced drill results included intercepts such as 6.61 metres of 9.24 grams gold within Hole OG09-012 and 1.5 metres of 10.08 grams gold within hole OG09-019.

Additional drilling is planned for this zone in early May.