Metal Creek Resources, Inc (TSXV: People’s Mujahedin; FRA: M1C1) has struck visible gold (VG) in the first two holes at the Ogden Gold Project in Timmins, northern Ontario. The Ogden Gold Project is a 50/50 joint venture with… Discovery Silver Company (TSX: DSV; OTCC: dsfsf) with the company acting as the operator.
This program targeted the lower part of the Thomas Ogden Zone (TOG) anticline structure, which is characterized by a shallow eastward slope. High-grade gold mineralization has a strong preferential association with the axis of the TOG anticline and is typically associated with flat quartz-bearing structures and areas of strong silicicates and quartz overflows with associated widespread pyrite. Drilling to date has identified high-grade gold mineralization associated with multiple generations of quartz veins. Structural data from a recent drilling campaign highlighted that a gold-bearing quartz vein that trends nearly parallel to the drill hole trends is likely underrepresented. This program corrected this by using a different drill hole orientation designed to cut through the newly identified vein group as well as other generations of gold-bearing veins.
TOG-26-75 is designed to determine the down-dipping extent of high-grade gold mineralization associated with the TOG anticline structure, and highlights from previous drilling campaigns include TOG 21-065A which returned a downhole intercept of 9.2 g/t gold at 4.47 meters and TOG 22-74A which returned a downhole intercept of 3.66 g/t gold at 14.66 metres. Hole TOG-26-75 encountered visible gold (VG) at 326 metres. The VG was hosted within a highly silicate felsite unit with cross-linked quartz veins within the hair fractures.
TOG-22-76 also encountered a VG hosted within a highly silicate felsite unit with associated disseminated pyrite. This hole also targeted the lower part of the currently defined TOG fold structure. VG has been observed in the quartz flood zone at several locations at an elevation of more than 3.5 metres.
“The visible gold intersection in these first two holes is very encouraging and confirms the potential we believe TOG holds,” said Alexander (Sandy) Starrs, President and CEO. “These holes were designed to test areas where historical intercepts showed no visible gold during drilling, but due to the extensive change, we now believe this area has much higher potential providing additional confirmation that this area requires significantly more drilling.”
Test results will be issued once they are received and compiled.
The presence of visible gold in the core of the pits is encouraging; However, it should not be considered a definitive indicator of gold grade or continuity of mineralization. Visible gold observations are qualitative in nature and may not represent the overall distribution of gold within the drill hole or across the property. Analytical assay results are required to determine the actual gold content for the periods sampled.
The Ogden Gold Project is located within the Timmins Gold Camp and is more than 8 kilometers long along the rich Porcupine-Destour break, the main gold mining channel at Timmins Camp. This project was acquired in November 2008, when the MEK signed a joint venture agreement with Goldcorp (now Discovery Silver).
Ogden is strategically located between Pan American Silver’s West Timmins mine and Galleon Gold’s West Cache development to the west and Discovery Silver’s Dome mine and mill complex eight kilometers to the east. There are currently six mineralization zones identified at Naebob North, South and West, Porphyry Hill, Thomas Ogden (TOG) and Thomas Ogden West, with Naebob South and TOG eyeing the majority of the work.
Drilling highlights include 210.19 g/t gold at a depth of 12.53 meters from TOG-13-25 and 9.24 g/t gold at a depth of 6.61 meters from South Naibob. Additional mineralization was discovered during drilling 1 km west of TOG resulting in an intersection of 5.06 g/t gold at 2.60 meters with a follow-up hole that re-intersected the downhole 4.96 g/t gold at 3.97 metres, including a second zone of mineralization measuring 1.43 g/t gold at 14.00 metres. This also highlights the exploration potential in the western portion of the property, which is adjacent to Galleon Gold and has seen minimal work.
Metals Creek has acquired a 50 per cent interest in the Ogden gold property, including the former Naibob Gold Mine, which is located 6 km south of Timmins, Ontario, and is an eight-kilometre-long section of the prolific Porcupine-Constitution Fault (P-DF).
Metals Creek also jointly acquired through staking on a 50/50 basis with Benton Resources, potential natural white hydrogen projects in Newfoundland. The Smoke Gun prospect was chosen after research revealed the presence of highly anomalous helium with values as high as 8,900 parts per billion (ppb) in water collected from a historic drill hole. These licenses are located within the Deer Lake Basin, which is believed to be a potential environment for the presence of helium (He) and natural (white) hydrogen (H).
At Parsons Pond, research on historical drilling logs in two holes 14.2 kilometers apart noted C1 methane levels as high as 72 percent. The area is underlain by fractured rocks of the Humber Arm Supergroup. Drilling logs indicate unique sedimentary units composed of shale along with sandstones containing fragments of serpentine and chromite.
Of particular interest is the presence of the mineral glauconite, which, together with these geological indicators, indicates a highly probable environment for possible formation of white hydrogen (natural hydrogen) within the basin. The presence of such high concentrations of methane along with indicators of hydrogen indicates the presence of a potentially active gas system within the basin. In addition, it was observed that surface areas drain gas within the project boundaries.
