April 1, 2009
METALS CREEK RESOURCES CORP. ANNOUNCES INDENTIFICATION OF BULK TONNAGE, LOW GRADE GOLD TARGET AT STAGHORN STILL OPEN IN ALL DIRECTIONS
Toronto, April 1, 2009. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is pleased to announce that the Corporation has identified a bulk tonnage gold target on its Staghorn gold property in Western Newfoundland. The Corporation has recently completed a soil geochemical and ground magnetic survey over several prospective gold showings including the South Wood Lake Porphyry Zone. Gold is associated with a highly altered (silicified, albitized and sericitized) felsic intrusive, which is overprinted by a quartz stockwork system and pervasive arsenopyrite and pyrite mineralization. Work by a previous operator included two drill holes, which defined the “porphyry” as an approximately 20 to 50 meter wide altered “dyke”, highly anomalous in gold and open in all directions. The initial hole collared in mineralization and assayed 0.23 g/t Au over 52.9 meters. The second hole located 50 meters along strike to the east resulted in an intersection of 1.47 g/t Au over 22.5 meters (source: 2004/05 Assessment Report on The Staghorn Property for Candente Corp., December 2005).
The recently completed ground geophysics survey has defined the altered gold bearing porphyry as a magnetic low which can be traced over 1000 meters of strike length. Analytical results, from the soil geochemistry survey, outlines a strong gold and arsenic anomaly, coincident with and down slope from the magnetic low. A 1500 meter drill program is recommended to follow up on the South Woods Lake Gold Zone and to evaluate its bulk tonnage gold potential.
The Staghorn property consists of 324 claim units covering a 24 kilometer strike length of a volcanic/sedimentary belt associated with the regionally significant and gold bearing Cape Ray Fault system. Regional prospecting carried out this past summer also identified a number of other targets in the belt. Of particular interest was a high grade float sample, with associated pyrite and arsenopyrite that assayed 213.8 g/t Au. This result was previously announced by the Corporation in a press release dated July 29, 2009. Future exploration along this regional gold trend will include additional prospecting, line cutting, ground magnetics and soil geochemistry to better define and prioritize these targets.
Wayne Reid VP Corporate Development 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”. The Corporation is engaged in the identification, acquisition, exploration and development of 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp