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Be the first with the news that moves the market- Metals Creek (MEK) has completed a maiden diamond drill program at its Dona Lake Gold Project in northwest Ontario
- A total of 1,411 metres were drilled in three holes, primarily focused on the Main Zone and the B Zone
- All holes successfully intercepted the target stratigraphy, and cores are now being logged and split at the company’s office in Thunder Bay
- The holes will then be submitted for analysis with results to be released in due course
- Metals Creek (MEK) is currently up 12.5 per cent and is trading at C$0.09 per share
Metals Creek (MEK) has completed a maiden diamond drill program at its Dona Lake Gold Project in northwest Ontario.
Located within the Pickle Lake Gold Camp, the project was optioned from Newmont Corporation pursuant to an agreement dated June 13, 2019. It sits on the Pickle Lake Greenstone Belt, which is also host to a number of historic mines, including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine.
The property is comprised of 32 patented and leased mining claims, as well as 35 map staked claims, totalling 1,063 hectares.
Metals Creek received its permit for the drilling work in early July, and three holes have now been completed over total distance of 1,411 metres. Two of these holes tested shallow regions of the Main Zone and B Zone, with a third, deeper hole focused on testing the continuation of gold mineralisation at lower levels.
According to previous compilation work that evaluated historical data from the Dona Lake Project, the previous deepest hole was drilled to a depth of roughly 100 metres below the operations of the Main Zone. This hole returned an intercept of 4.36 grams per tonne of gold over 21.08 metres.
The B Zone was partially drilled off, but was the subject of limited testing. It remains open at depth and is defined as a steeply plunging zone, which previously returned 14.17 grams per tonne of gold over 15.31 metres and 9.9 grams per tonne of gold over 10.6 metres.
All three of the recently drilled holes were successful in intercepting the target stratigraphy, and all cores have been moved to Metals Creek’s office in Thunder Bay for logging. Once this is complete, the cores will be submitted for analysis with results to be released in due course.
Metals Creek (MEK) is up 12.5 per cent and is trading at C$0.09 per share at 10:45am EDT.
