STOCK TITAN

Metals Creek Drills 92.05 Meters of 2.12% Copper and 12.18 g/t Silver at the Tillex Copper Project

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags

Metals Creek Resources Corp. (TSXV: MEK) announced results from the third hole of their diamond drilling program at the Tillex Copper Project in Ontario. Hole TX24-022 yielded significant results with a 92.05-meter intercept of 2.12% Copper and 12.18 g/t Silver. The intersection included a higher-grade interval of 4.02% Cu and 19.70 g/t Ag over 18.40m. Mineralization consists of chalcopyrite within mineralized graphitic argillites with local pyrite and pyrrhotite. The complex structural folding at the Tillex Deposit requires tighter drill spacing for proper mineralization definition.

Metals Creek Resources Corp. (TSXV: MEK) ha annunciato i risultati del terzo foro del loro programma di perforazione a diamante presso il Progetto Rame Tillex in Ontario. Il foro TX24-022 ha fornito risultati significativi con un intercettazione di 92,05 metri al 2,12% di Rame e 12,18 g/t di Argento. L'intersezione includeva un intervallo a maggiore grado di 4,02% di Cu e 19,70 g/t di Ag su 18,40m. La mineralizzazione consiste di calcopirite all'interno di argilliti grafitiche mineralizzate con pirite e pirrotite locali. La complessa piegatura strutturale presso il Deposito Tillex richiede una distanza di perforazione più ravvicinata per una corretta definizione della mineralizzazione.

Metals Creek Resources Corp. (TSXV: MEK) anunció los resultados del tercer pozo de su programa de perforación con diamante en el Proyecto Cobre Tillex en Ontario. El pozo TX24-022 arrojó resultados significativos con un intercepto de 92,05 metros con 2,12% de Cobre y 12,18 g/t de Plata. La intersección incluyó un intervalo de mayor grado de 4,02% de Cu y 19,70 g/t de Ag sobre 18,40m. La mineralización consiste en calcopirita dentro de argilitas grafíticas mineralizadas con pirita y pirrotita locales. La compleja plegadura estructural en el Depósito Tillex requiere un espacio de perforación más ajustado para una adecuada definición de la mineralización.

Metals Creek Resources Corp. (TSXV: MEK)은 온타리오의 틸렉스 구리 프로젝트에서 다이아몬드 시추 프로그램의 세 번째 구멍에서 결과를 발표했습니다. 구멍 TX24-0222.12% 구리와 12.18 g/t 은의 92.05미터 인터셉트로 중요한 결과를 나타냈습니다. 이 교차점에는 4.02% Cu 및 19.70 g/t Ag가 18.40m에 걸쳐 포함된 고등급 간격이 포함되어 있습니다. 광물화는 지역적인 황철석 및 황철석과 함께 광물화된 흑연 점토암 내의 칼코파이라이트로 구성됩니다. 틸렉스 매장지의 복잡한 구조적 접힘은 올바른 광물화 정의를 위해 더 조밀한 시추 간격이 필요합니다.

Metals Creek Resources Corp. (TSXV: MEK) a annoncé les résultats du troisième trou de son programme de forage diamant au projet de cuivre Tillex en Ontario. Le trou TX24-022 a donné des résultats significatifs avec un intercept de 92,05 mètres de 2,12% de cuivre et 12,18 g/t d'argent. L'intersection comprenait un intervalle à plus haute teneur de 4,02% de Cu et 19,70 g/t d'Ag sur 18,40m. La minéralisation est composée de chalcopyrite dans des argilites graphitiques minéralisées avec de la pyrite et de la pyrrotite locales. La complexité structurelle du dépôt de Tillex nécessite un espacement de forage plus rapproché pour une définition correcte de la minéralisation.

Metals Creek Resources Corp. (TSXV: MEK) hat die Ergebnisse des dritten Lochs ihres Diamantbohrprogramms beim Tillex Kupferprojekt in Ontario bekannt gegeben. Loch TX24-022 lieferte signifikante Ergebnisse mit einem 92,05 Meter langen Interzept von 2,12% Kupfer und 12,18 g/t Silber. Die Schnittstelle beinhaltete ein höhergradiges Intervall von 4,02% Cu und 19,70 g/t Ag über 18,40m. Die Mineralisierung besteht aus Chalkopyrit innerhalb von mineralisierten grafitischen Tonschiefer mit lokalem Pyrit und Pyrrhotit. Die komplexe strukturelle Faltung im Tillex-Deponie erfordert engere Bohrabstände für eine ordentliche Definition der Mineralisierung.

Positive
  • Significant copper mineralization discovered: 92.05m at 2.12% Cu and 12.18 g/t Ag
  • High-grade zone identified: 18.40m at 4.02% Cu and 19.70 g/t Ag
  • Location advantage: 45km from Kidd Creek Met site
Negative
  • Complex structural folding requires tighter drill spacing, increasing exploration costs
  • Fourth hole TX24-023 abandoned due to bad ground conditions

  • Undercut of hole TX24-021 results in additional high-grade copper mineralization

Thunder Bay, Ontario--(Newsfile Corp. - October 31, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce the results from the third hole of the recently completed (See News Release: September 17, 2024) diamond drilling program at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario and approximately 45 km from the Kidd Creek Met site.

TX24-022 was an undercut (See Fig 1. Schematic Cross Section 135N) of hole TX24-021 (See News Release October 22, 2024) which intersected high grade copper mineralization within mineralized graphitic argillites, feldspar porphyry and dacitic tuffs in an effort to extend mineralization at depth and further refine the fold structure within the central portion of the Tillex Deposit. This hole returned a down hole intercept of 92.05 meters (m) (36.95m to 129.00m) of 2.12% Copper (Cu) and 12.18 grams per tonne (g/t) Silver (Ag) (See Fig.1: Schematic Cross Section). Included in this intersection is higher grade interval of 4.02% Cu and 19.70g/t Ag over 18.40m (108.60m to 127.00m) which is a part of a broader zone of higher-grade mineralization of 3.26% Cu and 20.92g/t Ag over 29.00m (98.00m to 127.00m).

Hole NumberMeters FromMeters ToTotal MetersCu % Ag g/t
TX24-02236.95129.0092.052.1212.18
including98.00127.0029.003.2620.92
and108.60127.0018.404.0219.70

Table 1: Drill intercepts for hole TX24-022
Note: True widths are approximately 70-80% of downhole intercept

Cannot view this image? Visit: https://images.newsfilecorp.com/files/943/228402_bc362baf24c0fb7a_002.jpg

Fig 1: Schematic Cross Section 135N, Hole TX24-022

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/228402_bc362baf24c0fb7a_002full.jpg

Mineralization consists of locally very fine, pervasive disseminated chalcopyrite, cross-cutting stringers as well as local blebby style to chalcopyrite veins within mineralized graphitic argillites with local pyrite and pyrrhotite. Galena and sphalerite is also locally present. Alteration consists mainly of chlorite and locally pervasive clay alteration with quartz veining and potassic alteration within the feldspar porphyry. Significant folding and fracturing is present within the mineralized stratigraphy resulting in very prominent displacement of stratigraphy. Mineralized feldspar porphyry is also present within the argillites further adding to the exploration potential to the Tillex Copper Project. With the complex structural folding within the Tillex Deposit, tighter drill spacing is required to properly define mineralization both at depth and along strike.

A fourth hole TX24-023 was abandoned due to bad ground conditions.

All holes have been released from this program. These results are currently being compiled, the geological modelling refined and planning is currently underway for potential future drilling.

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.

All samples were sent to Activation Laboratories. Samples utilized aqua regia digestion with analysis performed by ICP. Over limits were performed by ICP-OES. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol.

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). In addition, Metals Creek owns and/or has option agreements in place to acquire a 100% interest in claims in the Shabaqua Corners area of North western Ontario.

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
709-424-1141
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228402

FAQ

What were the main copper and silver grades in Metals Creek's (MCREF) latest drill results?

The main intercept showed 2.12% Copper and 12.18 g/t Silver over 92.05 meters, including a higher-grade zone of 4.02% Cu and 19.70 g/t Ag over 18.40 meters.

Where is Metals Creek's (MCREF) Tillex Copper Project located?

The Tillex Copper Project is located in Currie Township, 65 km east of Timmins, Ontario and approximately 45 km from the Kidd Creek Met site.

What challenges did Metals Creek (MCREF) face in their recent drilling program?

The company faced two main challenges: complex structural folding requiring tighter drill spacing, and the fourth hole (TX24-023) had to be abandoned due to bad ground conditions.

METALS CREEK RES

OTC:MCREF

MCREF Rankings

MCREF Latest News

MCREF Stock Data

3.58M
168.75M
3.58%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Thunder Bay