Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

January 27, 2010 08:45 ET

Metals Creek Resources Corp. Announces 2.146 g/t Gold Over 12.60 Meters at Staghorn

TORONTO, ONTARIO--(Marketwire - Jan. 27, 2010) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce results from the remaining eleven drill holes completed at its 100% owned Staghorn Project in Newfoundland and Labrador. Highlights from these holes include 2.146 g/t gold over 12.60 meters, including 3.651 g/t gold over 6 meters. All 13 holes drilled by MEK, including 2 holes previously released, intercepted the mineralized porphyry over a 550 meter strike length. The zone remains open in both directions and at depth. The most eastern hole returned 2.146 g/t gold over 12.60 meters and the most western hole returning 0.435 g/t gold over 37.84m, including 2.779 g/t gold over 4.34m. The table below highlights the assay results for each hole:

DDH Number   g/t Gold Interval (Meters)
ST09-001 See News Release Dec 2, 2009 0.403 24.86m
ST09-002 See News Release Dec 2, 2009 1.37 26.31m
Including   2.137 16.11m
Including   6.18 5.11m
ST09-003   0.296 27.12m
ST09-004   0.216 34.0m
ST09-005   0.200 31.5m
ST09-006   0.268 85.37m
Including   1.154 7.0m
ST09-007   0.306 61.25m
Including   1.213 3.17m
ST09-008   0.568 28.01m
Including   2.254 5.0m
ST09-009   2.146 12.6m
Including   3.651 6.0m
ST09-010   0.322 51.2m
ST09-011 Hole lost due to blocky ground    
ST09-012   0.435 37.84m
Including   1.761 7.34m
Including   2.78 4.34m
ST09-013   0.279 48.93m

(Note: True thicknesses are approximately 70-80% of down hole intercepts)

Sandy Stares, President and CEO of Metals Creek Resources states, "Management at Metals Creek is highly encouraged with the continuity of the Staghorn mineralization which has now been traced for over 550m and is still open in both directions and at depth." 

Mineralization is hosted within a highly altered Felsic Intrusive ranging from 20 to 50m in width with associated quartz stock work, and pervasive arsenopyrite and pyrite mineralization. This unit is defined by a discrete 7.5 km long magnetic low which extends in both directions. This initial drill program was focused on testing the central part of the target where it was initially exposed through trenching. Additional drill testing, scheduled for 2010 will attempt to further trace this possible "bulk tonnage" style mineralization on strike and below the existing drilling.

The 444 claim unit Staghorn property has also shown good potential for discovery of additional gold mineralization along strike from the Staghorn Zone. A recently completed airborne magnetic survey indicates the Staghorn Zone is located along a major structure (the Cape Ray Fault) and a number of other recently discovered gold showings, within the MEK claim group, are located proximal to this linear feature. These showings are located over a 10 km strike length and exhibit a style of mineralization comparable to the Staghorn Zone. Other than prospecting and airborne surveying, very little work has been done outside the Main Zone. Assay results from the outside showings have ranged up to 25.8 g/t gold from the sure-shot showing located 1 km to the northeast of Staghorn and 196.7 g/t gold from float material found at Glimmer Lake, located 8 km to the southwest. Follow-up programs, including soil geochemistry and trenching, are planned on the outside mineralization in 2010. 

All samples from the drill program were sent to Eastern Analytical Ltd in Springdale, Newfoundland. These samples were assayed using fire assay with an AA finish. Blanks and reference samples were inserted randomly as part of the Corporation's QAQC protocol including the performance of check assays.

Metals Creek would like to thank the government of Newfoundland and Labrador for its support of this project through a financial contribution from the Junior Exploration Assistance program.

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.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is 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 can earn a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins, Ontario and Val-d'Or, Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.

Investors are invited to visit www.agoracom.com/ir/MetalsCreekResources, the Metals Creek IR Hub at where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to MEK@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

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.

Contact Information

  • Metals Creek Resources Corp.
    Alexander (Sandy) Stares
    President and CEO
    (709)-256-6060
    Fax: (709)-256-6061
    astares@metalscreek.com