Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

June 22, 2011 09:00 ET

Metals Creek Resources Corp. Acquires 100 Claims Through Staking and Samples Up to 59.4 g/t Gold at Yellow Fox Property

TORONTO, ONTARIO--(Marketwire - June 22, 2011) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce it has acquired through staking 100 claim units in the Mount Peyton Intrusive suite in east-central Newfoundland. The property (Yellow Fox) is located west of the town of Glenwood, and mining infrastructure in the area includes the Beaver Brook Antimony Mine which is located approximately 24 km to the southwest.

Access to the property is gained via an all-weather gravel road that extends 10 km to the property from the Trans Canada Highway at Glenwood. Subsequent to staking the property, an initial prospecting program was carried out with results up to 59.4 g/t (grams per tonne) gold at the Yellow Fox Prospect. Values from eleven surface grab samples ranged from 26 ppb (parts per billion) to 59,413 ppb gold. The prospect has also returned assays of up to 15.3 g/t silver, 0.49% lead, 0.35% Antimony, from what is interpreted as locally derived glacial float and outcrop samples. Mineralization is hosted within a hematite, silica and sericite altered granite with 2-5% disseminated pyrite/arsenopyrite. The surface grab samples mentioned in this news release are selective by nature and are unlikely to represent average grades on the property. To further evaluate this newly discovered mineralization, a first phase exploration program consisting of mechanical trenching, soil geochemistry, geophysical surveying and prospecting will be carried out this summer.

Alexander Stares, President and CEO of the Corporation, said, "We're very encouraged by the results of this first phase of prospecting. The encouraging gold assays lead us to believe this represents a new opportunity to evaluate this portion of the Mount Peyton Intrusive Suite for its gold potential."

Wayne Reid, P.Geo and VP Corporate Development and director 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-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 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