Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

April 16, 2012 09:00 ET

Metals Creek Drills 5.73 g/t Gold Over 23.3 m at Thomas Ogden Zone

TORONTO, ONTARIO--(Marketwire - April 16, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to report additional assay results from its current diamond drill program on the Ogden Gold Project in Timmins, Ontario.

Results included in this release are from two diamond drill holes targeted at the near surface gold mineralization at the Thomas Ogden Zone (TOZ). Hole TOG-12-03 returned two zones of mineralization with the upper zone returning an intercept of 1.14 g/t (grams per tonne) over 27.50m (90.5m to 118m) and a lower, high grade intersection between 148m (meters) and 171.30m which assayed 5.73 g/t gold over 23.3m. The zone is described as strongly altered porphyry and conglomerates with associated pyrite, arsenopyrite, strong silicification and visible gold. This hole was drilled 20m below previously released (MEK news release February 15, 2012) intercept of 1.94 g/t over 94.0m from TOG-11-011.

The second hole reported herein, TOG 12-04, returned two zones of mineralization with the upper zone returning an intercept of 2.02 g/t gold over 14.90m between 137.10m and 152.00m. A lower, high grade, section returned an intercept of 8.26 g/t gold over 3.00m (188.30m to 191.30m). Drilling continues on the Ogden Property and assays are pending for an additional three holes completed on the Thomas Ogden Zone.

Management is highly encouraged by its continued success in defining the geometry and down plunge extension of gold mineralization within the Thomas Ogden Zone.

Note: Due to the complex nature of the mineralized stratigraphy, true widths are unknown at this time.

The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp"). The Ogden Project covers eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp's Dome Mine Complex and Lake Shore Gold's West Timmins development project. Metals Creek is earning a 50% interest in the Project by incurring $3.1 million in expenditures and issuing a combination of cash and shares totaling $460,000 over four years.

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. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 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 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.

Contact Information

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

    MI3
    Neil Murray-Lyon
    (514)-904-1333 or (514)-947-4847

    MI3
    Ben Sherman
    (514)-904-1333 or (514)-835-1781