Wednesday 26th October 2016

Resource Clips

Metals Creek President Sandy Stares on Ontario assays of 2.61 g/t gold over 18.1m

“Ogden covers an eight-kilometre strike length of the Porcupine Destor Break, which is the key conduit for gold in the Timmins Camp. We’ve signed an option joint venture with Goldcorp, where we can earn 50% interest in the property by spending $3.1 million, and cash and shares totalling $460,000. There’s four known mineralized zones on the property: Nabob North, Nabob South—which is a past producer—Porphyry Hill and the Thomas Ogden zone. There is an historic, non-43-101 resource of one million tonnes at 4 g/t at the past-producing Nabob Mine.

“We’re very excited about these assay results. The nice thing about this new zone—Thomas Ogden North—is we’ve traced it for 145 metres now. There’s low grade, near surface, bulk tonnage potential there. Also, we’re starting to drill the Thomas Ogden zone itself a bit deeper now, and we’re still hitting. Both zones are still open to the east and west and at depth.

“We’re hoping to do 10,000 to 15,000 metres of drilling before the end of the year, and try to prove something up on the property.

“Absolutely, we intend to take this to production. Ogden is the main focus of the company right now. So we’re hoping to prove up a resource there. Goldcorp is a partner on this and its Dome Mill is only eight kilometres away from the property.

“Personally, I think this is one of the best projects in Timmins right now. We’re very excited about the Ogden project. We really look forward to getting back in there and doing a strong drill program on it and try to move this thing along as quickly as we can.”

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