Metals Creek Resources Corp. Intersects 4.39 G/T GOLD over 12.45 Meters at Thomas Ogden GOLD Zone.
METALS CREEK RESOURCES CORP. INTERSECTS 4.39 G/T GOLD OVER 12.45 METERS AT
THOMAS OGDEN GOLD ZONE.
Toronto, January 11, 2017. Metals Creek Resources Corp. (TSX -V:MEK) (the “Company”) is
pleased to announce final drill results from its recently completed diamond drill program
targeted on expanding the Thomas Ogden Gold Zone (TOG) , located in the heart of the
Timmins gold camp. This program consisted of six holes (2382 met ers) and was successful in
further defining the TOG Zone and host stratigraphy. Results from the first hole, TOG -16-47,
was outlined in a previous release dated Nov 15, 2016 and include d an intersection of 5.73 g/t
(grammes per tonne) gold over 8.2m (meters). Highlights from the remaining 5 holes described
in this release, included an intersection of 4.39 g/t over 12.45m from hole TOG-16-48.
The Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp
Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint Venture,
a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK bei ng the operator
of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine -Destor
Fault between Goldcorp’s 16.5 million oz. Dome Mine and Tahoe Resources ’ West Timmins
Mine. The vast majority of the Porcupine-Destor Fault on the property is underexplored,
compared to other properties in the Timmins gold camp.
TOG 16-48 was a 45m undercut below previously released hole TOG 13 -27 which intersected
several zones of mineralization including a down hole intercept of 49.96 g/t Au o ver 9.0m
(MEK NR April 10, 2013). Hole TOG 16 -48 intersected the zone at a down -hole depth of
199.95m and assayed 4.39 g/t gold over 12.45 m. This intersection is typical of the TOG Zone
and is described as a strongly altered felsite and conglomerate chara cterized by strong
albitization and silicification with associated disseminated pyrite, local arsenopyrite and visible
gold.
Results from all drill holes in the recent program are included as table 1 below:
Hole Comments From (m) To (m) Interval (m)* Gold (g/t)
TOG-
16-47
Previously released (press
release on Nov. 15, 2016) 222.3 230.5 8.20 5.73
TOG-
16-48
Undercut to earlier high grade
hole (49.96 g/t over 9.0 m) 199.95 212.40 12.45 4.39
TOG-
16-49
Albitized conglomerate with
V.G. 357.04 362.10 5.06 1.20
TOG-
16-50
Upper eastern section of TOG
Zone stratigraphy 191.68 196.50 4.82 0.46
and 223.5 237.0 13.5 0.34
TOG-
16-51
Intersected below interpreted
plunge, testing down plunge of
TOG
604.32 605.32 1.0 1.03
TOG-
16-52
Upper eastern section of TOG
Zone stratigraphy 282.0 296.0 14.0 0.44
* Reported drill intercepts are not true widths. At this time there is insufficient data to calculate true
orientations.
Commented Alexander ( Sandy) Stares, President and CEO of MEK , “Management remains
highly encouraged by the se results as we continue to intersect high grade gold mineralization
over appreciable widths, within 10 kms of Goldcorp’s Dome Mill Complex. Each drill program
adds to our understanding of the controls of the mineralization and will enable MEK to more
effectively evaluate the down p lunge projection of the TOG Zone as well as integrate the 15-40
zone located 500m to the west of TOG, into the current geological model.”
Metals Creek is currently compiling the data from the recently completed drill program and
drilling is expected to recommence in February.
Drill sections and a drill plan map is available on the company’s website at
www.metalscreek.com.
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 Corporation’s 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.
Metals Creek has been accepted to participate in the Junio r Exploration Assistance Program
(JEAP) grant of up to 33.3% of approved exploration expenses up to a maximum of $100,000 on
the Ogden Project. MEK would like to thank the Northern Ontario Heritage Fund and the
Ontario Prospectors Association for the opportunity to participate in this program.
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 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 t he prolific Porcupine-Destor Fault
(P-DF) that stretches between Timmins, Ontario and Val -d’Or, Quebec. The Company has also
recently entered into a n Option/JV with Trifecta Gold Ltd. on Metals Creek’s Squid properties in
Yukon. Metals Creek also has a JV with Benton Resources on Metals Creeks 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 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. 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.
telephone: (709)-256-6060
fax: (709)-256-6061
email: [email protected]
MetalsCreek.com
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