Metals Creek Resources Provides Update on The Garrison Project Adjacent to Osisko Mining and Kirklan
Metals Creek Resources Provides Update on The Garrison Project Adjacent to Osisko Mining and Kirkland Lake Gold in Garrison Township, Ontario.
Toronto, 05 September, 2018 - Metals Creek Resources Corp. (TSX-V: MEK) (Metals Creek or the company) is pleased to provide an update on the 10 Patented mining claims (The Garrison Project) located in Garrison Township approximately 35 kms north-northeast of Kirkland Lake, Ontario. The Garrison Project is contiguous with Osisko Mining to the west, south and east and contiguous with Kirkland Lake Gold to the north. (See Map on the companies website)
Compilation of historical data by the company on the Garrison Project has highlighted a highly prospective drill target consisting of carb altered mafic volcanics with associated pyrite mineralization as well as quartz stockwork. Drill hole BM88-1 intercepted 22.09 grammes per tonne (g/t) gold (Au) over 6.10 meters (m), including 74.63 g/t Au over 1.52 m (Source: project update drilling report, 1989). Further down hole were additional intercepts of 3.41 g/t Au over 2.74 m and 1.74g/t Au over 9.33m.
Hole BM88-5 undercut hole BM88-1 and returned a down hole intercept 36.12 g/t Au over 1.52m exhibiting similar style mineralization to that of hole BM88-1.
Reported intercepts are not true widths. At this time there is insufficient data to calculate true orientations.
The Corporation cautions that all Data in this release is historical in nature, has not been verified or validated and should not be relied upon.
A grid has been completed over the entire property and a Ground Geophysical survey consisting of Induced Polarization (IP) and Magnetics (Mag) will commence as soon as practical. Once the geophysical program is complete and the data has been reviewed and compiled, a detailed mapping program will commence to further delineate priority targets for an upcoming drill program.
Metals Creek can earn a 100% interest in the patents by making cash payments totaling $310,000 over a period of 4 years following the execution of the LOI. The vendors will retain a 2% NSR which the Company can purchase 1% for $1 million.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a 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 has earned 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 (P-DF) that stretches between Timmins, Ontario and Val d’Or, Quebec. Metals Creek also has an option agreement with Quadro Resources on Metals Creeks and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek’s Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company also has an option agreement on its Clarks Brook property with Sokoman Iron Corp. and 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 including the recently acquired Great Brehat project on the Great Northern Peninsula of Newfoundland. 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
fax: (709)-256-6061 email: