Metals Creek Resources Releases Results from Final TWO Drill Holes and Announces New GOLD Showing Southeast of Thomas Ogden Zone
METALS CREEK RESOURCES RELEASES RESULTS FROM FINAL TWO DRILL HOLES AND
ANNOUNCES NEW GOLD SHOWING SOUTHEAST OF THOMAS OGDEN ZONE -
TIMMINS, ONTARIO
Toronto, June 05 , 2017 - Metals Creek Resources Corp. (TSX -V:MEK) (the “Company”) is
pleased to announce that results have been received from the final two holes of a four hole 980m
(see MEK news release March 30, 2017) diamond drill program designed to further evaluate
stratigraphy west of TOZ.
Hole TOG-17-53 was a 75m undercut below previously released hole TOG -16-48 (See news
release January 11, 2017) which intersected 4.39 grammes per tonne (g/t) gold over 12.45m.
Hole TOG-17-53 intersected the zon e at a down -hole depth of 322m and assayed 2.11 g/t gold
over 1.0 m. This intersection is typical of the Thomas Ogden Zone (TOG) and is described as a
strongly altered conglomerate characterized by strong silicification with associated disseminated
pyrite and local arsenopyrite. A second zone of mineral ization was intersected at a downhole
depth of 332meters (m) returning an intercept of 1.85 g/t gold over 2.43m. This second zone
consisted of altered conglomerate with moderate to strong silicification with 3 -4% pyrite and
local arseonopyrite.
Hole TOG -17-54 was drilled 435m west of TOG targe ting the TOG west stratigraphy near
surface, intersecting at a down hole depth of 177.77m returning 1.08 g/t gold over 1.38m. This
zone was characterized by a strongly silicified felsic dike with associated pyrite mineraliz aton.
The prospective host rock at Thomas Ogden West indicates a thickening of the stratigraphy with
depth.
Three holes of this four-hole program focused on further delineating recently discovered gold
mineralization (See news release May 3, 2017) west of TOG. Hole OG17-002 intersected two
zones of gold mineralization including 4.96 g/t gold over 3.97m and a second zone returning an
intercept of 1.43 g/t gold over 14m confirming the presence of a new zone of mineralization west
of TOG with similar alteration features to that of TOG as well. Hole OG17-002 was a follow-
up hole to that of OG16-040 (see news release March 4, 2016) which returned a downhole
intercept of 5.06 g/t gold over 2.6m thus further defining an easterly plunging mineralized
system. The long-section below can also be viewed on the corporate website at
http://www.metalscreek.com/article/ogden-315.asp.
Reported drill intercepts are not true widths. At this time there is insufficient data to calculate
true orientations.
The company is also very pleased to announce that a short prospecting program has led to the
discovery of a new mineralized gold showing approximately 465 meters southeast of the Thomas
Ogden Zone. This new mineralization is characterized by strongly brecciated albitization,
silicification with associated pyrite and stringer style arsenopyrite. Due to the nature of the
pervasive and brecciated alteration, primary textures have been overprinted. Results from grab
samples range from 23 parts per billion (ppb) Gold to 1340 ppb Gold. Pyrite and arsenopyrite
percentages range from 2 -15%, co-incident with a 600m long moderate to strong Induced
Polarization (IP) ground geophysical chargeability anomaly . Given the extensive overburden
cover, mineralization has only been located in one location to date . The Company is in the
process of applying for trenching and drilling permits on the new discovery.
The surface grab samples mentioned in this release are selective by nature and are unlikely to
represent average grades of the property.
Alexander (Sandy) Stares, President and CEO of MEK states , “Finding a new surface gold
showing on the Ogden property is extremely encouraging, especially given the minera lization is
located 465 meters south east of the Thomas Ogden Zone with similar alteration features .
Trenching and drilling permits are currently being completed and work will commence on the
new discovery as soon as permits are received.”
The Ogden 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 being t he
operator of the project. The Ogden claims cover eight kilometers of strike length of the
Porcupine-Destor Fault between Goldcorp’s 16 million oz. Dome Mine and Tahoe Resources
West Timmins Mine. The vast majority of the Porcupine-Destor Fault on the pro perty is
underexplored, compared to other properties in the Timmins Gold camp.
All split core and grab samples were sent to Activation Laboratories, an accredited laboratory in
Ancaster, Ontario. The precio us 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 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) tha t stretches between Timmins, Ontario and Val d’Or, Quebec. The Company has also
recently entered into an 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
Twitter.com/MetalsCreekRes
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