UPDATE: Metals Creek Expands High Grade Thomas Ogden Zone in the Timmins Camp; Shares Fall 9% Early Afternoon

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Metals Creek Resources Corp. (MEK.V) today reported assay results from the remaining three holes of its recently completed diamond drill program on the Ogden Gold Project in Timmins, Ontario. The drill program consisted of eight holes targeting the Thomas Ogden Zone.

Highlights from these latest holes include hole TOG-13-25, which returned a bonanza grade gold intercept of 2,732.6 grammes per tonne (g/t) gold over 0.93 meters (m), This intercept was part of a broader zone of high grade mineralization with an uncut intercept of 210.19 g/t over 12.53 m. The zone averages 14.79 g/t gold over 12.53m after cutting the bonanza grade sample to 100 g/t gold.

MEK's plans include additional drilling once the new information is interpreted and incorporated into a revised model of the zone. The future drilling will focus on establishing the geometry and size of the potential resource and is scheduled for late summer-early fall, once the joint venture funding requirements have been established.


Shares are down half a cent to 5 cents early afternoon, just above a yr low of 4 cents. More than 6.3 million shares have been traded, making it the second most active on the TSXV.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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