Metals Creek Channel Samples 29.4 g/t Gold Over 0.60m From Main Zone on The Shabaqua Corners Gold Property

Rhea-AI Summary

Metals Creek Resources Corp (MEK) announces positive channel sample assay results from the Shabaqua Corners Gold Property in Thunder Bay, Ontario.

• 29.4 g/t Au over 0.6m within cherty silicified zone with 10% pyrite
• 6.96 g/t Au over 0.9m within quartz stockwork with 2% pyrite

Thunder Bay, Ontario--(Newsfile Corp. - November 21, 2023) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce channel sample assay results from recently completed trenching program on the Shabaqua Corners Gold Property.

The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work.

Channel sample results from the recently completed trenching program (See MEK news release dated September 7, 2023) targeting multiple prospective gold targets have been received from Main Zone. Mineralization consisted of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration hosted within a zone of intense silicification and quartz stockwork with associated brecciation. Results include 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m. Four (4) Grab samples collected immediately north (4-6m) of the main zone mineralization (See Figure 1) returned gold assays ranging from 396 parts per billion (ppb) to 10.2 g/t Au indicating a potential parallel zone of mineralization as demonstrated in other gold zones within the Shebandowan Greenstone Belt. Preliminary interpretation indicates gold mineralization occurs at or near the contact with mafic volcanics and sediments, with shearing and intense iron carbonate alteration as well as potential secondary structures to that of main zone. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.)

Further assays are pending and will be released as they are received and compiled.

Historically, very little exploration work has been conducted on the project and management is highly encouraged with the trenching results to date. Over a short period of time, the company has been successful in discovering several new gold showings. The use of soil sampling has been instrumental in identifying prospective areas for trenching with pervasive overburden coverage. Utilizing this cost effective exploration tool has led to the discovery of five (5) new gold showings/zones. Due to significant overburden depths, several prospective gold in soil anomalies remain untested. With little to no drilling conducted on the property, the exploration potential at depth is very favorable as demonstrated on projects east of our eastern boundary where gold grades and widths appear to increase with depth.

All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

The project is underlain by mafic volcanics with interbedded sediments. Gold mineralization is hosted within an east-west trending zone of pervasive carbonate alteration with associated quartz carbonate veins and pyrite/arsenopyrite.

The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m (Source: Delta New Release October 31, 2022). Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m (Source: Delta Resources Website).

All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish.

Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

Figure 1

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Zone of intense silicification and quartz stockwork assaying 29.4 g/t gold over 0.60 m

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About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).

Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Alexander (Sandy) Stares, President and CEO

Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188209

FAQ

Where is the Shabaqua Corners Gold Property located?

The Shabaqua Corners Gold Property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario.

What are the key highlights of the trenching program results?

The trenching program targeting multiple gold targets yielded results of 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m.

What is the mineralization composition in the area?

Mineralization consists of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration.

What is the potential of the property for gold mineralization?

The property has seen very little exploration work historically, and the recent trenching results indicate significant potential for gold mineralization.

Who is responsible for the release of this information?

Michael MacIsaac, P.Geo and VP Exploration for the Corporation is responsible for this release.