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Be the first with the news that moves the market- Metals Creek (TSXV:MEK) has begun a prospecting and geological mapping program on its Dona Lake property in Ontario
- The program will focus on two targets, which were identified in an aerial survey conducted in December of 2019
- Following this, the company will embark on a diamond drilling program, testing the targets below 445 metres
- The targets centre around the site’s formerly producing Dona Lake Mine
- Metals Creek (MEK) is up 11 per cent and is trading at C$0.05 per share
Metals Creek (TSXV:MEK) has begun a prospecting and geological mapping program on the Dona Lake Gold Project in Ontario.
The exploration work will be followed by a diamond drilling program, which will test mineralization on the site below 445 metres of depth.
Metals Creek identified targets for further exploration after it conducted an airborne survey in December of 2019.
The company identified two distinct magnetic trends on the property around and suspects these track parallel to the site’s iron formations, which host the gold mineralization.
The anomalies are located in an under explored area of the property and will be the focus of the geological mapping and program.
Metals Creek picked up the Dona Lake property in an option agreement from Newmont Mining in 2019.
The property sits within the Pickle Lake Greenstone Belt, which has hosted several historic mines over the years. These include the Central Patricia mine, the Pickle Crow mine and the Dona Lake Mine, the last of which sits within Metal’s property.
The property is made up of 32 patented and leased mining claims, along with 35 staked claims that totals 1,063 hectares.
President and CEO of Metals Creek, Alexander Stares commented on the new work at the site.
“While we are preparing for the upcoming diamond drill program, it is an opportune time to initiate a prospecting and mapping program to further evaluate the two discreet magnetic trends discovered by the airborne survey,” he said.
Metals Creek (MEK) is up 11 per cent and is trading at C$0.05 per share at 11:53am EDT.
