Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

November 22, 2011 09:00 ET

Metals Creek Resources Corp. Samples 24.6 Grams Per Tonne Gold at "Boot n Hammer Zone", Jackson's Arm, Newfoundland

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2011) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce assay results from the recently completed prospecting program on its 100% owned Jackson's Arm property in Newfoundland. The Jackson's Arm property consists of 188 staked claim units totaling 4700 hectares, located on the western side of White Bay. The newly discovered gold zones are located adjacent to Kermode Resources' Jackson's Arm Property which contains a NI 43-101 Inferred Mineral Resource of 18,300,000 tonnes at 0.84 grams per tonne gold or 495,000 ounces gold (REF: Kermode Resources (KLM) news release, April 14, 2009), and 27.5 kms northeast of 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). The property is proximal to excellent infrastructure including a paved road and power line.

Exploration at Jackson's Arm has identified gold mineralization over a large area (Boot n Hammer Zone) described as 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 range from 5ppb (parts per billion) to 24,653 ppb with 46 percent of the 50 samples taken assaying greater than 100 ppb with the majority of the better assays occurring within the quartz veins and stock work. Prospecting and sampling is continuing on the claims and a soil sampling survey will be scheduled once the limits and controls of the gold mineralization are better understood. A large portion of the granodiorite intrusion remains largely unexplored.

Management is highly encouraged to find new gold mineralization in an area very close to known gold resources after just one phase of prospecting. 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