Metals Creek finds new zone at Ogden in Timmins

Attractive drill results and the discovery of a new gold zone at Metal Creek Resources’ (MEK-V) Ogden property in Timmins, Ont., lifted the junior’s share price.

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 3 km and 8 km to the east of the property.

Five holes were drilled totaling 2,100 metres and the results included 5.68 grams gold per tonne over 7 metres from hole 10-25 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 10-25 was part of a broader zone of mineralization assaying 4.64 grams gold over 11 metres and containing visible gold. Hole 10-25 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 10-1, which cut a 1-metre down-hole intercept of 1.9 grams gold and a 2.1-metre down-hole intercept of 1.47 grams gold.

In the new gold-bearing structure within the footwall of the Naybob South zone, hole 10-2 cut 1.06 metres of 3.36 grams gold and a South zone intercept of 2 metres at 1.9 grams gold.

Holes 10-1 and 10-2 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 metres in the upper holes to over 144 metres in hole 10-1, 100 metres down-plunge to the west from a 12-metre 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 metres. Previously announced drill results included intercepts such as 6.61 metres of 9.24 grams gold within hole 09-12 and 1.5 metres of 10.08 grams gold within hole 09-19.

Additional drilling is planned for this zone in early May.

At presstime Metals Creek was trading at 10.5¢ per share. Over the last year, the company has traded in a share range of 9¢-27.5¢.