Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

February 08, 2012 09:00 ET

Metals Creek Intersects 1.46 g/t Gold Over 27.8 Meters Near Surface at Thomas Ogden Zone in Timmins, Ontario

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce additional assay results from its recently completed 3593 m (meters) diamond drill program on the Ogden Gold Project in Timmins, Ontario.

Results from the latest drilling on the Thomas Ogden Zone includes two near surface intercepts in hole TOG-11-12. The first intercept consists of 0.97 g/t (grams per tonne) gold over 33.47m (51.53m to 85.00m) within altered sediments and porphyry with associated pyrite and strong silicification. A second zone of mineralization was intersected further down hole consisting of 1.46 g/t gold over 27.8m (143.20m to 171.00m) within altered conglomerate and porphyry. Hole TOG-11-12 was drilled 25m below previously released (May 19, 2011) hole TOG-11-06 which returned a down hole intercept of 1.02 g/t gold over 35.45m. These recent results from Hole TOG-11-12 continue to demonstrate the near surface gold potential of the Thomas Ogden Zone.

The Corporation is awaiting assay results for one additional hole drilled on the Thomas Ogden Zone and these results will be released once they are received and compiled. Drilling is scheduled to resume on the Ogden Property by mid to late February with additional step-out holes planned on the near surface mineralization at the Thomas Ogden Zone as well as further defining the recent discovery of high grade mineralization at depth.

Results were also received from three exploration holes which were targeted on geophysical anomalies outside the known mineralized zones. No significant results were attained.

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 can earn 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 4 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