VANCOUVER, May 9 /CNW/ - Iron Creek Capital Corp. (TSXV: IRN) is pleased
to announce that geophysical surveying is in progress to follow up the
extensive surface geochemical anomalies at its wholly owned Pampa Sur
property. The geophysical program will cover Pampa Sur as well as the
Pampa Buenos Aires joint venture property, which is held in conjunction
with Andina Minerals Inc. (TSXV: ADM - "Andina"). The properties are
being explored principally for El Peñon style gold-silver bearing
Iron Creek has prepared a detailed exploration program and budget for
the Pampa Sur property, to follow up the extensive geochemical
anomalies delineated last year (see previous news release dated
September 30th, 2010).
As part of this program, Zonge Ingenieria y Geofisica (Chile) S.A.
("Zonge") has been contracted to carry out the first phase of follow-up
exploration, by completing approximately 25 line km of wide-spaced
CSAMT profiling (Controlled Source Audio Magneto-Tellurics) across the
principal geochemical anomalies at Pampa Sur. This work should help to
define specific vein structures beneath the post-mineral gravel cover,
for drill testing during the second half of 2011.
Work started during the week of 18th April and is being monitored on behalf of Iron Creek by Mr. Robert
Ellis of Ellis Geophysical Consulting Inc. Mr. Ellis has extensive
experience in this type of geophysical surveying, in particular for the
exploration of low-sulphidation epithermal veins of the El Peñon type.
Additionally, Iron Creek and Andina have prepared a detailed program and
budget for the Pampa Buenos Aires property, including Cerro Buenos
Aires, to follow up the extensive geochemical anomalies delineated by
earlier exploration (see previous news releases dated November 2nd, 2010 and March 2nd, 2011). This will also include approximately 52 line km of CSAMT
profiling to be carried out by Zonge, likely starting in mid-May, once
surveying work at Pampa Sur has been completed. This work is designed
to help define specific vein structures beneath the post-mineral gravel
cover, and at depth beneath the Cerro Buenos Aires silica cap, in order
to help direct drill testing at a later stage. Drill testing will be
dependent on the interpretation of results from all geochemical and
About Pampa Sur and Pampa Buenos Aires
The 11,300 hectare Pampa Sur Property together with the 27,000 hectare
Pampa Buenos Aires Property in northern Chile cover more than 30km of
continuous strike length of the prospective Dominador Fault Zone in the
Palaeocene-Eocene volcanic belt, host to important precious metals and
copper deposits in northern Chile.
Iron Creek at its wholly owned Pampa Sur Property, and with Andina at
the Pampa Buenos Aires Property, is exploring for El Peñon / Fortuna
and Guanaco-style epithermal gold and silver mineralization and also
for possible porphyry copper mineralization. The northern boundary of
the property package is located approximately 15km southwest of
Yamana's El Peñon and Fortuna deposits (+6 million oz gold and +185
million oz silver). Please go to Iron Creek's website for further
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.
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