TORONTO, Aug. 10 /CNW/ - Metals Creek Resources Corp. (the "Corporation",
TSXV: "MEK") is pleased to announce initial assays results from the recently
completed 1977 meter, six hole diamond drill program on its Ogden Gold
Property in Timmins, Ontario. The results include 6.61 meters of 9.24 g/t
gold, including 0.76 meters of 50.1 g/t gold. The Ogden project is an Option
Agreement (the "Agreement") with Goldcorp Canada Ltd. and Goldcorp Inc.
("Goldcorp") to jointly explore Goldcorp's Ogden gold property in Ogden and
Deloro Townships located 6 kilometers south of Timmins city center. These
claims cover eight kilometers of strike length of the highly prospective
Porcupine-Destor Break which is host to The Dome Mine complex and five large
past producers located between three and eight kilometers to the east of the
Property along the gold trend. Recent discoveries in the area include Lake
Shore Gold's and West Timmins Mining Inc.'s Thunder Creek Project, located 10
km to the west of the Property.
- OG09-012 6.61m down hole intercept (45.24m to 51.85m) of 9.244 g/t Au
including 0.76m (45.24m to 46.00m) of 50.132 g/t Au.
- OG09-010 1.0m down hole intercept (482.50m to 483.50m) of 7.467 g/t
Au. This high grade intercept is a part of a broader zone of
mineralization with an 11.94m down hole intercept (473.0m to 484.94m)
of 1.253 g/t Au.
- OG09-009 4.97m down hole intercept (488.00m to 492.97m) of 1.052 g/t
- OG09-014 2.0m down hole intercept (45.00m to 47.00m) of 4.023 g/t Au
and a 4.0m down hole intercept (66.0m to 70.0m) of 2.742 g/t Au
- OG09-011 0.80m down hole intercept (459.45m to 460.25m) of 3.949 g/t
- OG09-013 4.30m down hole intercept (89.00m to 93.3m) of 0.724 g/t Au
and a 3.00m down hole intercept (103.00m to 106.00m) of 0.824 g/t Au.
Note: True thicknesses of drill intercepts are approximately 60-80% of
down hole intercepts.
The drill program, initially reported July 6, 2009, was designed to test
the continuity and down plunge extension of the Naybob deposit as well as near
surface mineralization on both the Naybob North and South Zones. Hole OG09-012
was drilled within the Naybob South Zone, within an area of limited drilling,
to better define the near surface extent of the previously defined historic
drilling. Historic drilling within the Naybob South Zone was carried out over
a strike length of 600m and down to a vertical depth of 200m, Drill hole
separations average approximately 35m and includes two deeper historic holes
on the same section as hole OG09-012. The gold mineralization is hosted in a
strongly albitized, brecciated mafic volcanic with associated arsenopyrite and
pyrite. Visible gold was noted within the upper portion of this intercept.
Holes OG09-009, 010, 011, 013 and 014 were drilled within the Naybob North
Zone with holes 013 and 014 testing near surface mineralization.
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 to Actlabs located in Thunder Bay,
Ontario. , Standards and blanks were inserted randomly into the sample
shipments as part of the sampling protocol.
Future exploration will continue to test known mineralization of the
Naybob North and Naybob South Zones as well the Thomas Ogden Zone located four
kilometers to the west of the Naybob mine and six kilometers east of West
Timmins Mining and Lakeshore Gold's Thunder Creek Project. Exploration will
also continue on Porphyry hill (see News Release 20 July 2009) , one kilometer
west of Naybob, to better define the extent of the mineralization discovered
Michael MacIsaac, 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.
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". Metals Creek can earn a 50 % interest in the Ogden Gold
Property, including the former Naybob Gold mine, located 6 km south of
Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor
Fault (PDF) that stretches between Timmins Ontario and Val'Dor Quebec. The
Corporation is also engaged in the identification, acquisition, exploration
and development of other 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
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.
For further information:
For further information: Alexander (Sandy) Stares, President and CEO,
Metals Creek Resources Corp, telephone: (709) 256-6060, fax: (709) 256-6061,