Metals Creek Intercepts 1.89g/t Gold Over 54.65 Meters on the Ogden Gold Project-Timmins, Ontario
January 16 2014 - 5:30AM
Marketwired Canada
Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) announces
additional wide gold intersections from the Thomas Ogden Gold Zone in Timmins,
Ontario. Highlights include drill hole TOG-13-38 which returned 54.65 meters (m)
of 1.89 grammes per tonne (g/t) Gold (Au), including 25.70 m of 2.79 g/t Au and
hole TOG-13-38 which returned 17.05m of 1.90 g/t Au, including 6.05m of 4.21 g/t
Au. These two in-fill holes confirm the continuous nature of the gold
mineralization within the Thomas Ogden Zone and continue to expand on the
resource potential. Two other holes completed in this latest drill program,
TOG-13-35 and TOG-13-37 were drilled below the eastern plunge of the gold zone,
confirming the location of the lower contact.
The Ogden Property consists of a package of patented mining claims, covering
eight kilometers of strike length along the Porcupine-Destor Break between
Goldcorp's Dome Mine and Lake Shore Gold's West Timmins Mine. The Ogden Property
is held under a joint venture in which Metals Creek owns 50%, and Goldcorp
Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine
Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.)
with MEK being the operator of the project. Three separate gold zones have been
identified on the property, Nabob North, Naybob South and Thomas Ogden. All have
seen limited drilling since the initiation of the option/joint venture with
Goldcorp, however the most recent focus has been on the newly discovered Thomas
Ogden Zone. A total of 46 holes have now been completed at Thomas Ogden over the
past three years and the zone has been partially defined as an easterly plunging
alteration zone with mineralogy and geometry typical of other deposits along
strike. High grade gold mineralization appears to correlate with flexures within
the TOG stratigraphy. The zone remains open and will continue to be the focus of
future drilling.
Results from holes TOG-13-35 to 38 are outlined in the table below:
--------------------------------------------------------------------
Drill Hole Meters Meters Total Gold G/T
Number from to Meters Uncut
--------------------------------------------------------------------
TOG 13-35 NSA
--------------------------------------------------------------------
TOG 13-36 124.95 142.00 17.05 1.90
--------------------------------------------------------------------
including 124.95 131.00 6.05 4.21
--------------------------------------------------------------------
TOG 13-37 228.00 235.85 7.85 0.50
--------------------------------------------------------------------
TOG 13-38 164.75 219.40 54.65 1.89
--------------------------------------------------------------------
including 164.75 190.45 25.70 2.79
--------------------------------------------------------------------
(i) Reported drill intercepts are not true widths. Due to the complex nature
of the folded stratigraphy, insufficient data is available to calculate true
orientations.
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.
All split core samples were sent to Accurassay, an accredited laboratory in
Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard
fire assay with an atomic absorption finish. As part of the Corporations QAQC
protocol, approximately 10% of the samples submitted for assay were also sent
for check assays. Standards and blanks were inserted randomly into the sample
shipments as part of the sampling protocol. Samples with fire assay results
above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with
fire assay results above 5.0 g/t gold or samples showing visible gold are
analyzed using the pulp metallic method.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a well-funded junior exploration company
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". The Ogden Property is held under
a joint venture in which Metals Creek owns 50% and is the operator, and Goldcorp
Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine
Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.)
and is located 6 km south of Timmins, Ontario. Metals Creek also holds
approximately 15% interest in Sokoman Iron Corp. (TSX VENTURE:SIC) and
approximately 5% interest in Gold Royalties Corp (TSX VENTURE:GRO). The
Corporation has also recently made a new gold/silver discovery in the "White
Gold District" on the Squid East project in the Yukon. Metals Creek is engaged
in the identification, acquisition, exploration and development of other mineral
resource properties, and presently has mining interests in Ontario, Yukon and
Newfoundland and Labrador. Additional information concerning the Corporation is
contained in documents filed by the Corporation with securities regulators,
available under its 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.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
FOR FURTHER INFORMATION PLEASE CONTACT:
Metals Creek Resources Corp.
Alexander (Sandy) Stares
President and CEO
(709)-256-6060
(709)-256-6061 (FAX)
astares@metalscreek.com
www.MetalsCreek.com
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