Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

February 09, 2012 09:00 ET

Metals Creek Resources Corp. Samples 20.2 g/t Gold and 1232.0 g/t Silver at Boot n Hammer Trenches

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce assay results from surface grab samples taken from its recently completed trenching program on both the Boot n Hammer and Stocker zones on its 100% owned Jackson's Arm property in Newfoundland. The property consists of 188 staked claim units totaling 4700 hectares, located on the western side of White Bay. Previous work by MEK prospectors, in late 2011, had discovered a cluster of new gold/silver prospects in an area that had seen very little previous work. The property is proximal to excellent infrastructure including a paved road and power line.

Backhoe trenching was carried out in early January in an attempt to better understand the new gold discoveries on the property. Two of three prospects (Boot n Hammer Zone and Stocker Zone) were trenched and a number of grab samples were collected, however weather conditions did not allow for a more detailed mapping and sampling program. This work, along with additional trenching, will be completed after break-up.

A total of 14 surface grab samples were taken during the program and highlights include assays up to 20.2 g/t (grams per tonne) Gold and 1232.0 g/t Silver from the Boot n Hammer trenches. Excavation at the Stocker zone uncovered several new quartz veins and pervasive alteration over an approximately 15 m by 50 m area. Due to terrain and weather conditions only about 40% of the zone could be trenched. Assays from grab samples at the Stocker zone returned values up to 4.3 g/t gold and 14.7 g/t silver. All assay results from the grab samples collected in this trenching program are presented below:

Sample
Number
Gold
PPB
Copper
PPM
Silver
g/t
Trench
Location
052459 43 57 0.5 Boot n Hammer
052460 33 79 0.5 Boot n Hammer
052461 564 59 1.2 Boot n Hammer
052462 15 72 0.5 Boot n Hammer
052463 406 67 0.5 Boot n Hammer
052464 20215 2448 1232.0 Boot n Hammer
052465 1360 3268 2.5 Boot n Hammer
052466 4303 471 2.8 Stocker
052467 184 19800 3.1 Stocker
052468 2505 3446 14.7 Stocker
052469 1944 8765 13.7 Stocker
052470 1293 2879 7.5 Stocker
052471 2409 562 11.7 Stocker
052472 15 29 0.5 Stocker

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 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.

"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
    www.metalscreek.com

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

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