VANCOUVER, Nov. 7, 2011 /CNW/ - Iron Creek Capital Corp. (TSX-V: IRN -
"Iron Creek") is pleased to report that a reverse circulation drill rig
has been secured and that drilling is underway at its wholly owned
Pampa Sur gold-silver Project. The principal targets are
low-sulphidation, precious metals quartz veins of a type similar to
those found at Yamana's El Penon mine located along trend some 40km to
The initial program at Pampa Sur will consist of up to 3,000m of reverse
circulation drilling that will target a series of geochemical anomalies
in soils, colluvium and epithermal vein quartz float, together with
geophysical anomalies (CSAMT) that are believed to represent silicified
structures and/or alteration zones related to possible precious metals
veins at depth (see press releases dated July 20th 2011, May 9th 2011, and September 30th 2010, as well as Iron Creek's website, for further details).
Iron Creek will drill a series of "scissor" hole pairs placed along the
geochemical and geophysical survey lines, targeted at several priority
anomalies, because the dip directions of potential sub-surface
structures are not well understood at this stage. Most of the targeted
anomalies occur in areas of thin to moderate thicknesses of soil or
colluvial cover that obscure the underlying bedrock.
The Pampa Sur project covers approximately 11,300 hectares and more than
15km of continuous strike length of the prospective Dominador Fault
Zone (DFZ) in the Palaeocene-Eocene volcanic belt, host to important
precious metals and copper deposits in northern Chile. It is
immediately south of, and contiguous with Iron Creek's Pampa Buenos
Aires project that is being explored in joint venture with Andina
Minerals Inc. (TSX-V: ADM - "Andina"). It also lies approximately 40km
south-southwest of Yamana's El Peñon and Fortuna deposits (+7 million
oz gold and +200 million oz silver).
The services of Terra Service S.A., a highly reputable drilling company,
have been secured for this drilling program. Once the initial 3,000m
drilling program at Pampa Sur has been completed, the drill rig will be
moved to the Pampa Buenos Aires joint-venture property with Andina
immediately to the north, targeting yet further geochemical and
geophysical anomalies for an additional program of approximately 3,000m
Demetrius Pohl, P.Geo., is the Company's Qualified Person as defined by
National Instrument 43-101, and is responsible for the accuracy of the
technical information in this news release.
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
"Timothy J. Beale"
Timothy Beale, 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: