[Marinir] {Disarmed} Metals Creek (TSX-V: MEK) Drills 5.73 g/t Gold over 23.3 Metres
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Mon Apr 16 18:09:13 CEST 2012
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http://www.metalscreek.com/
Metals Creek drills 5.73 g/t Gold over 23.3 m at Thomas Ogden Zone
Metals Creek Resources Corp. ( MEK
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=MEK®ion=C&lookup=symbol&snapshot=default
: TSX-V) is pleased to report additional assay results from its current
diamond drill program on the Ogden Gold Project in Timmins, Ontario.
Results included in this release are from two diamond drill holes
targeted at the near surface gold mineralization at the Thomas Ogden
Zone (TOZ). Hole TOG-12-03 returned two zones of mineralization with the
upper zone returning an intercept of 1.14 g/t (grams per tonne) over
27.50m (90.5m to 118m) and a lower, high grade intersection between 148m
(meters) and 171.30m which assayed 5.73 g/t gold over 23.3m. The zone is
described as strongly altered porphyry and conglomerates with associated
pyrite, arsenopyrite, strong silicification and visible gold. This hole
was drilled 20m below previously released (MEK news release February 15,
2012) intercept of 1.94 g/t over 94.0m from TOG-11-011.
The second hole reported herein, TOG 12-04, returned two zones of
mineralization with the upper zone returning an intercept of 2.02 g/t
gold over 14.90m between 137.10m and 152.00m. A lower, high grade,
section returned an intercept of 8.26 g/t gold over 3.00m (188.30m to
191.30m). Drilling continues on the Ogden Property and assays are
pending for an additional three holes completed on the Thomas Ogden
Zone.
Management is highly encouraged by its continued success in defining the
geometry and down plunge extension of gold mineralization within the
Thomas Ogden Zone.
Note: Due to the complex nature of the mineralized stratigraphy, true
widths are unknown at this time.
The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and
Goldcorp Inc. (“Goldcorp”). The Ogden Project covers eight kilometers of
strike length of the Porcupine-Destor Break between Goldcorp’s Dome Mine
Complex and Lake Shore Gold’s West Timmins development project. Metals
Creek is earning a 50% interest in the Project by incurring $3.1 million
in expenditures and issuing a combination of cash and shares totaling
$460,000 over four years.
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.
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.
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 d’Or, 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
www.sedar.com.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares at metalscreek.com
Neil Murray-Lyon
MI3
telephone: (514)-904-1333 or (514)-947-4847
or
Ben Sherman
MI3
telephone: (514)-904-1333 or (514)-835-1781
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