Metals Creek Intercepts 1.89g/T Gold Over 54.65 Meters on the Ogden Gold Project Timmins, Ontario - WDRB 41 Louisville News

Metals Creek Intercepts 1.89g/T Gold Over 54.65 Meters on the Ogden Gold Project Timmins, Ontario

Posted: Updated:

Toronto, 16 January 2014. Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) announces additional wide gold intersections from the Thomas Ogden Gold Zone in Timmins, Ontario. Highlights include drill hole TOG-13-38 which returned 54.65 meters (m) of 1.89 grammes per tonne (g/t) Gold (Au), including 25.70 m of 2.79 g/t Au and hole TOG-13-38 which returned 17.05m of 1.90 g/t Au, including 6.05m of 4.21 g/t Au. These two in-fill holes confirm the continuous nature of the gold mineralization within the Thomas Ogden Zone and continue to expand on the resource potential. Two other holes completed in this latest drill program, TOG-13-35 and TOG-13-37 were drilled below the eastern plunge of the gold zone, confirming the location of the lower contact.

The Ogden Property consists of a package of patented mining claims, covering eight kilometers of strike length along the Porcupine-Destor Break between Goldcorp’s Dome Mine and Lake Shore Gold’s West Timmins Mine. The Ogden Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. (“Goldcorp”) owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator of the project. Three separate gold zones have been identified on the property, Nabob North, Naybob South and Thomas Ogden. All have seen limited drilling since the initiation of the option/joint venture with Goldcorp, however the most recent focus has been on the newly discovered Thomas Ogden Zone. A total of 46 holes have now been completed at Thomas Ogden over the past three years and the zone has been partially defined as an easterly plunging alteration zone with mineralogy and geometry typical of other deposits along strike. High grade gold mineralization appears to correlate with flexures within the TOG stratigraphy. The zone remains open and will continue to be the focus of future drilling.

Results from holes TOG-13-35 to 38 are outlined in the table below:


---------------------------------------------------------------

|Drill Hole Number|Meters from|Meters to|Total Meters|Gold G/T|

| | | | |--------|

| | | | |Uncut |

|-------------------------------------------------------------|

|TOG 13-35 | | | |NSA |

|-------------------------------------------------------------|

|TOG 13-36 |124.95 |142.00 |17.05 |1.90 |

|-------------------------------------------------------------|

|including |124.95 |131.00 |6.05 |4.21 |

|-------------------------------------------------------------|

|TOG 13-37 |228.00 |235.85 |7.85 |0.50 |

|-------------------------------------------------------------|

|TOG 13-38 |164.75 |219.40 |54.65 |1.89 |

|-------------------------------------------------------------|

|including |164.75 |190.45 |25.70 |2.79 |

---------------------------------------------------------------

* Reported drill intercepts are not true widths. Due to the complex nature

of the folded stratigraphy, insufficient data is available to calculate true orientations.

Michael MacIsaac, P.Geo and 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.

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. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.


About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a well-funded junior exploration company 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 Ogden Property is held under a joint venture in which Metals Creek owns 50% and is the operator, and Goldcorp Canada Ltd. (“Goldcorp”) owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and is located 6 km south of Timmins, Ontario. Metals Creek also holds approximately 15% interest in Sokoman Iron Corp. (TSX-V SIC) and approximately 5% interest in Gold Royalties Corp (TSX-V GRO). The Corporation has also recently made a new gold/silver discovery in the “White Gold District” on the Squid East project in the Yukon. Metals Creek is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under its profile at www.sedar.com.


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.


Alexander (Sandy) Stares, President and CEO

Metals Creek Resources Corp

telephone: (709)-256-6060

fax: (709)-256-6061

email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

Source: http://www.accesswire.com/viewarticle.aspx?id=411029

ReleaseID: 31021

  • Closed CaptioningMore>>

  • Closed Captioning Message

    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.
    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.