Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

June 25, 2012 09:00 ET

Metals Creek Resources Corp. Reports Discovery of Additional Gold Mineralization and Initiates Summer Field Work on Jacksons Arm Project, Newfoundland

TORONTO, ONTARIO--(Marketwire - June 25, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce that the Corporation has commenced fieldwork on its 100% owned Jackson's Arm property in the White Bay area of Newfoundland. The property is proximal to excellent infrastructure including a paved road and power line. Prospecting by MEK personnel, completed in late 2011, resulted in the discovery of a cluster of new gold/silver prospects in an area that had seen very little previous work. Soil sampling and prospecting has continued intermittently over the past five months and has resulted in the discovery of a new area of gold mineralization. A brief description of this new discovery is as follows:

  • 954 Zone - Located approximately 700 meters southeast of the Stocker Zone, this new discovery is described as an area of quartz stock work and veining with assays ranging from 5ppb (parts per billion) to 13.6 g/t (grams per tonne) gold at the contact of the granodiorite intrusion.

A summary description of the three significant zones discovered in late 2011 are included below for reference (see previous MEK press releases dated November 22, 2011 and December 14, 2011 for additional details on these results). Mechanical stripping has begun on these zones.

  • Boot N Hammer Zone - Quartz veins and stringers within an altered granodiorite with mineralization consisting of 2 -10% disseminated pyrite both within quartz veins and the granodiorite intrusion. Assays up to 24.6 g/t Gold and 1232 g/t Silver
  • Shrik Zone - Located 100 meters north of the Boot n Hammer Zone, described as quartz veins, up to 4 meters wide, and stringers within an altered granodiorite. 2 -10% disseminated pyrite within both the quartz vein material and the granodiorite intrusion. Assays up to 7.2 g/t gold
  • Stocker Zone - Located 400 meters south of the Boot n Hammer zone, the mineralization is described as a large zone of quartz flooding (95 meters by 35 meters)with 1-10% disseminated pyrite. Assays from the Stocker Zone up to 56.7 g/t Gold and 2.75 oz Silver.

The mineralization on MEK's Jacksons Arm property appears to be confined to a 200 meter wide by a minimum 1.2 km long corridor within the Coney Head Granite. The corridor is along the granites western contact and the auriferous Doucers Fault Zone is located 2 km west of the zones. This regionally extensive "break" is thought to be an important plumbing system for other significant gold deposits in the area. These deposits include Kermode Resources' Jackson's Arm Property which contains a NI 43-101 Inferred Mineral Resource of 18,300,000 tonnes at 0.84 g/t gold or 495,000 ounces gold,(REF: Kermode Resources (KLM) news release, April 14, 2009) and Northern Abitibi Mining Corp's Viking deposit which contains a NI 43-101 compliant resource estimate containing 131,511 ounces of gold (REF: Northern Abitibi Mining Corp (NAI) news release March 2, 2011).

Prospecting and mechanical stripping continues and a program of line cutting, ground magnetics and a ground geophysical IP (Induce Polarization) survey have been completed in an effort to better determine the orientation and strike extent of these mineralized systems. Drilling is tentatively scheduled for the fall. The surface grab samples mentioned in this news release are selective by nature and are unlikely to represent average grades on the property.

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 has earned 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 and Yukon. 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.

"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."

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