Metals Creek Resources Corp.

Metals Creek Resources Corp.

January 21, 2010 09:04 ET

Metals Creek Resources Corp. Extends Mineralization to Depth at Thomas Ogden Zone in Timmins, Ontario

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2010) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce that the Corporation has received assay results for two additional holes from its recently completed drill program on its Ogden Gold Property, Timmins, Ontario which is a part of an Option Agreement (the "Agreement") with Goldcorp Canada Ltd. and Goldcorp Inc. The holes were designed to test the down plunge extension of previously defined mineralization that includes a historic intercept of 5.7 g/t gold over 2.4 meters. These drill holes were part of a previously announced eleven hole diamond drill program totaling 2,687 meters targeting mineralization on the Porphyry Hill, Naybob South and Thomas Ogden zones with assays only received for six of the eleven holes thus far.

Highlights from these latest two drill holes targeting the down plunge extension of the Thomas Ogden mineralization include a down hole intercept of 8.55 g/t gold over 2.0 meters (407.3-409.3m) in drill hole TOG-09-04, and a down hole intercept of 6.7 g/t gold over 1.0 meter (372.45-373.45m) in drill hole TOG-09-03. These two holes represent the deepest intercepts to date within the Thomas Ogden area and are drilled approximately 200 meters apart. Hole TOG-09-04 intersected pyrite-arsenopyrite mineralization along the ultramafic-sediment contact with pervasive albite, sericite and carbonate alteration. Visible gold was noted in this intercept. Hole TOG-09-03 intersected similar mineralization as well, within a sequence of altered sediments which includes carbonatization and silicification with associated quartz stringers. These results, in conjunction with the previously released drill results from Porphyry Hill, demonstrate the potential the Ogden property has for new resource discovery and delineation of additional mineralization on existing zones at depth and along strike. The Thomas Ogden zone remains open down plunge and to the east.

Mr. Alexander Stares, President and CEO, states "The results from the Company's initial drilling of the Thomas Ogden zone exhibits encouraging grades and thicknesses at depth, and demonstrates the potential this zone has for the delineation of additional mineralization. The Thomas Ogden zone is one of a number of advanced gold targets which will be aggressively drilled over the next few months."

Assays are still pending for five holes drilled at the Naybob South zone and will be released as they are received and compiled.

All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays to Actlabs located in Thunder Bay, Ontario. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with assay results above 5 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

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'Dor 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

Investors are invited to visit 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 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)-256-6061 (FAX)