Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

February 15, 2012 09:00 ET

Metals Creek Intersects 1.92 g/t Gold Over 94.0 Meters, Including Two Higher Grade Intervals at the Thomas Ogden Zone in Timmins, Ontario

TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce final assay results from its 2011 diamond drill program on the Ogden Gold Project in Timmins, Ontario.

TOG-11-11, the final hole drilled on the Thomas Ogden zone, returned 1.92 g/t (grams per tonne) gold over 94.0m (meters) between a down hole depth of 78 m and 172 M. The zone is described as a strongly altered porphyry and sedimentary unit with associated pyrite, arsenopyrite with strong silicification and visible gold. Included in the intersection are two higher grade intervals of 8.83 g/t gold over 5.50m and 7.57 g/t gold over 7.0m. Hole TOG-11-11 was drilled 25m below previously released (January 11, 2011) hole TOG-10-21 which intersected similar mineralization assaying 1.94 g/t gold over 75.85m, including 4.37 g/t gold over 23.4m.

Alexander (Sandy) Stares, President and CEO of the corporation states "Management is highly encouraged by the results of this latest round of drilling on the Thomas Ogden zone. The near surface, strongly altered zone shows good continuity between holes and remains open on strike. Step-out drilling, planned for this winter, will help establish the significance of the Thomas Ogden zone as well as the other gold zones at the Naybob Mine area located 5 km to the east."

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