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Metals Creek Resources Announces Dona Lake Gold Project Update

Mining News - Published on Fri, 18 Oct 2019

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Metals Creek Resources Corp announced the following update on the recently optioned Dona Lake Gold Project. Preliminary results from the recently completed airborne survey define a number of conductive trends associated with magnetic highs indicative of oxide iron formations which is the host to gold mineralization on the Dona Lake Gold Project. It is interpreted that the more pyrrhotite rich sections of the iron formation within the Dona Lake deposit tend to exhibit a strong spatial relationship to increased gold mineralization. This could be a result of pyrrhotite replacing magnetite, decreasing the magnetite content and magnetic signature. With pyrrhotite being highly conductive, modeling of the recently completed airborne will prioritize targets exhibiting strong conductivity and weaker magnetic signatures. Geophysical targets will be ground proofed and prioritized once the final airborne data is received and compiled in preparation for a diamond drill program.

However, the company has applied for an exploration permit on the Dona Lake Gold Project. Continued compilation is ongoing of historic geological and drill data with the aim of generating a 3D geological model. This model will aide in outlining prospective drill targets for an upcoming drill program. Upon completion and compilation of the airborne survey follow-up as well as upgrading of the access road, drilling will commence on the patented claims on the property.

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Posted By : Rabi Wangkhem on Fri, 18 Oct 2019
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