Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

March 11, 2011 09:00 ET

Metals Creek Acquires Four Claim Blocks in the Dawson Range Gold District, Yukon and Sets Stock Options

TORONTO, ONTARIO--(Marketwire - March 11, 2011) -  Metals Creek Resources Corp. (the "Corporation"), (TSX VENTURE:MEK) is pleased to announce the Corporation has recently acquired through staking, 166 claim units in four separate blocks in the Dawson Range gold district. Three of the claim blocks are located in the Matson Creek area and the fourth block is located west of the Yukon River, 40 km north of Kinross Gold's White Gold property. The claims were staked to cover a number of gold geochemical anomalies, interpreted to be underlain by favorable geology similar to that hosting the recently discovered gold deposits in the White Gold area. A program of prospecting and surface geochemical sampling is initially planned for this summer.

Alexander (Sandy) Stares, President and CEO of Metals Creek commented "We are very excited to have initiated this exploration plan and participate in Yukon's new gold rush and look forward to utilizing our experienced prospecting crews in such a high potential area."

The Corporation would also like to announce the granting of incentive stock options to certain directors, officers, employees and consultants of the Corporation to purchase a total of 1,475,000 common shares in the capital stock of the Corporation. The options are exercisable for a period of five years from the date hereof at an exercise price of $0.235 per share.

Wayne Reid, P. Geo, VP Corporate Development 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 TSX Venture Exchange under the symbol "MEK". Metals Creek has an option to 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 Corporation's profile at www.sedar.com.

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
    (709)-256-6061 (FAX)
    astares@metalscreek.com