MEK Channel Samples on its Flint Lake Property
Metals Creek Resources Channel Samples 21 Meters of 1.43 g/t Gold at the Stephens Lake Stock on its Flint Lake Joint Venture.
Toronto, 27 September, 2012. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is very pleased to announce assay results from a recently completed prospecting and trenching program on its Flint Lake Gold Project in NW Ontario. The trenching program targeted both the Flint Lake and Stephens Lake occurrences which are separated by approximately five (5) kilometers. These occurrences host a number of discrete gold zones that are being advanced to a drill testing stage. The Flint Lake Project is operated through a joint venture agreement with Endurance Gold Corporation (“Endurance”, TSXV: “EDG”), in which Metals Creek presently holds a 75% interest and EDG holds the remaining 25%.
The Flint Lake Property lies within the central portion of the east-west trending Wabigoon sub-province and is host to numerous underexplored greenstone hosted gold occurrences. This western portion of the Wabigoon greenstone belt is an emerging gold camp with a number of developing projects including Coventry Resources’ (ASX: CYV) Cameron Lake Deposit with an indicated and inferred resource of 1,397,200 ounces (“oz”) of gold grading 2.24 grams per tonne (“g/t”) (see CYV website) and Rainy River Resources’ (TSX: RR) Rainy River Deposit with a measured and indicated resource of 5,663,000 oz of gold grading 1.17 g/t (see RR website).
The best trenching results were from the Stephens Lake occurrence, which is hosted within the Stephens Lake granodiorite stock. Highlights from the trenching program include trench STR2 in the D-Zone target, which returned a surface channel cut of 1.43 g/t gold over 21 meters. As a matter of interest, the trench started in mineralization with the first channel sample assaying 737 parts per billion (“ppb”) gold, and ended in mineralization with the last sample assaying 373 ppb gold. The zone remains completely open in all directions as the trench terminates in overburden on both ends, with mineralization interpreted to continue through trench STR3, which returned a surface channel cut of 1.42 g/t gold over 10 meters. At Stephens Lake, a second parallel zone of gold mineralization (Busch Zone) was also trenched, trenches STR4 through STR7. Trench STR7 returned a surface channel interval of 1.03 g/t gold over 20 meters.
At the Stephens Lake occurrence, mineralization is hosted within an altered granodiorite intrusion with associated carbonatization and pyrite mineralization. Seven trenches were excavated on the Stephens portion of the property delineating two separate zones of gold mineralization, with many other gold occurrences yet to be evaluated.
A summary of results from the Stephens Lake Stock trenching are tabulated below:
(Note: Detailed from-to sample results for each trench are available on the company website, www.metalscreek.com )
Sandy Stares, President and CEO states, “Management is highly encouraged by these channel sampling results. Previous results in this part of the property were limited to grabs and short chip samples because of the overburden cover. These initial trenching/channel sampling results confirm that the Stephens Lake Stock hosts substantial surface widths of low to moderate gold grades. The Wabigoon is a quickly emerging gold belt and this represents an exciting opportunity in the area.” Trenching from the Flint Lake portion of the property is highlighted by trench channel sampling of 7.80 g/t gold over 3.1 meters from trench FTR5. This trenching was testing the strike extension of the Flint Central Zone, which saw previously released results (MEK news release August 24, 2010) of surface grab samples up to 112 g/t gold from historic trenches and remains open along strike. Other results from the Flint Lake trenching include 1.64 g/t gold over 1.2m from trench FTR1. All assays were sent to Accurassay Laboratories, an accredited laboratory in Thunder Bay, Ontario. The gold was analyzed utilizing a standard fire assay and an atomic absorption finish.
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
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 of Metals Creek on (709) 256-6060 or email: metalscreek%23com|astares.
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.
Investors are cautioned that trading in the securities of these Issuers should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. The Issuers will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Metals Creek.