Metals Creek Intersects 49.96 g/t gold (uncut) over 9.0 meters, including 434.77 g/t over 1.0 meter at the Thomas Ogden Zone in Timmins, Ontario
Toronto, 10 April, 2013. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is very pleased to report assay results from the first hole of its recently completed drill program on the Ogden Gold Project in Timmins, Ontario. The program consisted of eight holes targeted on the Thomas Ogden (TOG) Zone and was designed to test the eastern, western and down dip extent of the gold mineralization. Additionally, the results from the new drilling will help to better define known fold structures which are thought to be an important control on the location of the high grade gold mineralization.
The initial hole (TOG-13-27) intersected four zones of gold mineralization which was highlighted by a middle zone which assayed 434.77 grams per tonne (g/t) gold over 1.0 meter within a broader zone of mineralization consisting of 49.96 g/t (uncut) over 9.0 meters.
This latest intersection from hole TOG-13-027 was a 20m undercut below previously released (MEK NR April 16, 2012) hole TOG-12-04 in an attempt to extend the mineralization in the down dip direction as well as providing a clearer definition of the folded nature of the high grade Zone. This intercept is still open down dip. The Thomas Ogden flexure appears to exhibit an increase in alteration associated with this flexure which has a strong relationship with higher gold grades. The intersection in hole TOG-13-027 is described as an altered felsic porphyry with strong silicification, moderate albitization and associated quartz veins. Mineralization consists of trace to 3 percent disseminated pyrite and finely disseminated visible gold with associated galena within the 1m high grade sample. Visible gold was noted within quartz veins over 6cm at approximately 45 degrees to core axis of the drill hole within the high grade sample thus indicating a possible sub-vertical to steeply southerly dipping zone. More drilling is needed to better determine the orientation of the high grade mineralization.
Results from the remaining seven drill holes will be released as assays are received and compiled. The details of the assay results from hole TOG-13-27 are tabulated below:
* Reported drill intercepts are not true widths. At this time there is insufficient data to calculate true orientations.
Individual assays results from the 9.0 meter high grade section are listed below :
Alexander (Sandy) Stares, President and CEO of the Corporation states “with each drill program, our team is gaining a better understanding of the complex nature of the gold mineralization at the Thomas Ogden Zone. We continue to be impressed with the grade, style and continuity of the gold mineralization. The land package represents an excellent opportunity for Metals Creek and the Thomas Ogden Zone is just one of four known gold zones on the property. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp’s Dome Mine and Lake Shore Gold’s West Timmins development project, most of which has seen very limited exploration. In excess of 40 million ounces of gold has been produced within ten kilometers of our drilling”.
Metals Creek and Goldcorp Canada Ltd. and Goldcorp Inc. (Goldcorp) have recently formed a 50/50 joint venture on The Ogden Gold project with Metals Creek being the operator.
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 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”. Metals Creek have recently formed a 50/50 joint venture with Goldcorp, to continue exploring the Ogden Gold property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding in the Ogden Gold Property. The Corporation is also 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.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp