VANCOUVER, May 26 /CNW/ - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to provide an update on the Victoria Joint Venture with Hochschild Mining Holdings Ltd. ("Hochschild"). Since start of the calendar year, Hochschild has incurred approximately $1.7 million in exploration work at the Vaquillas Mine area, Cenizas and Nueve Vidas targets, and on regional targeting. The ongoing work has included RC drilling (in excess of 2000 meters), ground magnetic and IP geophysical surveys, mapping and geochemistry, and third party land payments. Hochschild has indicated that results from the initial 2010 drilling will be available in the next two to three weeks.
Hochschild has also informed the Company they will expand the 2010 program to include 10,000 meters of RC drilling (of which 6,330 meters have been completed) and 6,000 meters of core drilling. This program will include continued in-fill and extension drilling at the Vaquillas Prospect, continued evaluation of Nueve Vidas and surrounding targets, and testing of new targets developed from geophysics and mapping.
The Victoria Joint Venture covers approximately 45,000 hectares and is prospective for precious metal and copper mineralization. Hochschild has the option to acquire a 60% interest in the Victoria Joint Venture by incurring US$6.0 million in exploration expenditures by December 31, 2013.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
ON BEHALF OF THE BOARD
Michael Winn, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.
SOURCE Iron Creek Capital Corp.
For further information: For further information: Suite 830-355 Burrard Street, Vancouver, BC, Canada, V6C 2G8, T: (604) 682-1545, F: (604) 682-1514, www.ironcreekcapital.com, email@example.com