TORONTO, Jan. 8 /CNW/ - Metals Creek Resources Corp. (the "Corporation",
TSXV: MEK) is pleased to report that it has obtained additional high grade
copper assays from its Tillex Property. These assay results include 1.29% Cu
over 71.49m and continue to demonstrate the near surface bulk tonnage
potential of the Tillex Property. The results include the following:
- TX08-005 71.49m down hole intercept (51.51m to 123.00m) of 1.29% Cu
including 34.29m (73.66m to 107.95m) of 2.16% Cu;
- TX08-006 21.0m down hole intercept (64.00m to 85.00m) of 1.06% Cu;
- TX08-007 14.37m down hole intercept (110.43m to 124.80m) of 0.87% Cu
including 6.87m (110.43m to 117.30m) of 1.27% Cu;
- TX08-008 42m down hole intercept (48.00m to 90.00m) of 1.40% Cu
including 23m (48.00m to 71.00m) of 2.14% Cu;
- TX08-009 3m down hole intercept (96.00m to 99.00m) of 0.60% Zn and a
2m down hole intercept (99.00m to 101.00m) of 1.00% Pb;
- TX08-010 21.60m down hole intercept (46.70m to 68.30m) of 0.83% Cu;
- TX08-011 15.64m down hole intercept (96.56m to 112.20m) of 0.83% Cu
including 7.00m (101.00m to 108.00m) of 1.15% Cu;
- TX08-012 17.00m down hole intercept (49.70m to 66.70m) of 0.51% Cu;
- TX08-013 6.40m down hole intercept (112.60m to 119.00m) of 1.09% Cu;
- TX08-014 0.77m down hole intercept (98.94 to 99.71m) of 0.30% Cu,
2.11% Pb and 0.538% Zn.
Earlier results obtained from holes TX08-001 to 004 and TX08-015 were
released in previous press releases by the Corporation.
This drill program, which commenced in early November, 2008, was designed
to further delineate known copper mineralization within the Tillex Property.
All assays have now been reported and management is encouraged by the
significant widths and grades obtained in this drill program. True widths are
believed to be approximately 60% of the down hole intercepts. Mineralization
is described as chalcopyrite with local sphalerite and galena within a mixed
sequence of andesite, graphitic argillite, dacitic tuff and feldspar porphyry.
All split core samples were sent to Accurassay, an accredited laboratory
in Thunder Bay, Ontario. The base metals were analyzed utilizing acid
digestion with an atomic absorption finish. As part of the Corporation's QAQC
protocol, approximately 10% of the samples submitted for assay were also sent
for check assays to Actlabs located in Thunder Bay, Ontario. Standards and
blanks were inserted randomly into the sample shipments. These results are
currently being compiled and modeled in anticipation of additional drilling in
proximity to the Tillex Property and along the Tillex horizon.
In addition to the assay results on its Tillex Property, the Corporation
is pleased to announce that it has entered into a subsequent agreement with
one of the optionors of its Betts Cove Property in order to acquire a 100%
interest in two additional claims which are adjacent to the Betts Cove
Property. Under the terms of this new agreement, the Corporation will pay
$2,000 and issue 50,000 common shares to Nathaniel and Michele Noel, arms
length prospectors who are the optionors under the Option Agreement dealing
with the Betts Cover Property entered into by the Corporation on July 7, 2008,
and previously disclosed by the Corporation (the "Option Agreement"). Upon
payment of the purchase price and delivery of shares as described herein,
these two additional claims (other than for any payment terms, which will have
been satisfied), will become subject to the terms and provisions Option
Agreement. This new agreement and the share issuances and payments it
contemplates are subject to the approval of the TSX Venture Exchange.
Mike MacIsaac, PGeo, Vice President of 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". The Corporation is engaged in the identification,
acquisition, exploration and development of 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Alexander (Sandy) Stares, President and CEO,
Metals Creek Resources Corp, telephone: (709) 256-6060, fax: (709) 256-6061,