Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

June 28, 2011 09:00 ET

Metals Creek Resources Corp.: Transportation of the Tilt Cove East Stockpile to the Nugget Pond Mill Has Been Initiated

TORONTO, ONTARIO--(Marketwire - June 28, 2011) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to report that Rambler Metals and Mining PLC ("Rambler") (TSX VENTURE:RAB)(AIM:RMM) has begun transportation of the Tilt Cove East stockpile. Metals Creek owns a 100% interest in the Tilt Cove property and had previously negotiated terms with Rambler to process surface material remaining at the previously mined Tilt Cove - East Mine deposit, located on the northeast coast of Newfoundland and Labrador, Canada. (See News Release dated 19 January 2011.) The agreement is such that Metals Creek will be paid a Net Smelter Return on any gold produced from the East Deposit.

Transportation of the Tilt Cove stockpile to the Nugget Pond Mill began on June 7th with subsequent processing of the ore on June 10th. To date 5424 tonnes of material have been processed at an average feed grade of 2.64 g/t with an estimated recovery of 92%. Rambler estimates that there remains between 40,000 and 70,000 tonnes of material at Tilt Cove that still has to be transported to the Nugget Pond Mill facility. Processing is expected to continue throughout the summer until construction of the new concentrator is completed and ready for commissioning.

In addition the Tilt Cove property also hosts an historic Non 43-101 compliant resource of 1 million tonnes at 1% copper. The gold content is unknown as there were no assays for gold at that time. The reader is cautioned that this resource is historic in nature and cannot be relied upon.

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