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Business : Metalcorp Reports Encouraging Results Of Drilling On The Tarp Lake Zone, Pickle Lake Gold Property, Northwestern Ontario
Posted by admin on 2009/12/23 9:37:17 (99 reads)

- Broad widths of mineralized and altered tarp lake zone rocks intersected in all holes

- Zone extended to depth of at least 250 metres and along strike to 550 metres

- Intersections range up to 1.12 g/t gold over 17.3 metres, including 2.6 g/t gold over 4.5 metres.


Toronto, Canada (December 23, 2009) - MetalCORP Limited (TSX-V:MTC) is pleased to announce the results of its drilling program at the Tarp Lake Zone on the northern part of its 100%-owned Pickle Lake property. A total of seven drill holes were completed for a total of 2264 metres of drilling, and all holes intersected broad zones of highly anomalous precious and/or base metals (see Table 1 below). Mineralization occurs mainly as disseminations of pyrite and stringers of pyrrhotite, but local semimassive to massive pyrite also occurs locally. The sulphides are typically hosted by well foliated chlorite-carbonate-(sericite) altered and locally silicified mafic and local felsic metavolcanic rocks.

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