Wednesday, February 01, 2012 2:02:52 PM
TORONTO, ONTARIO--(Marketwire - Jan. 11, 2012) -
Metals Creek Resources Corp.
(the "Corporation") (TSX VENTURE:MEK) is pleased to announce
assay results from four diamond drill holes testing near
surface mineralization at the Naybob South Zone on
the Ogden Property.
OG11-02 returned a high-grade intercept of 6.22 g/t (grams per
tonne) gold over 6.63 m (metres) from one of four holes which
tested the Naybob South Zone.
http://tmx.quotemedia.com/article.php?newsid=47441236&qm_symbol=MEK
These holes were designed to increase drill density within
the near surface high grade gold mineralization of
the Naybob -
South stratigraphy which has been traced for approximately 400m.
Mineralization consists of pyrite and arsenopyrite within
strongly albitized mafic volcanic rocks.
The four diamond drill holes were part of a thirteen hole,
3593m diamond drill program designed to target mineralization
on the Porphyry Hill, Naybob South and Thomas Ogden zones.
Assay results have been received for eight of the thirteen
holes.
Three holes (TOG-11-08, 09 and 10) were previously released
(November 16. 2011) included a high grade intercept of
13.07 g/t gold over 2.88m extending high grade gold
mineralization to depth at Thomas Ogden.
Hole PH11-01 which targeted the down plunge extension of
porphyry hill mineralization did not reach its target due
to ground stability problems.
"Drilling continues to demonstrate the continuity of the near
surface mineralization at the Naybob South Zone which is
approximately 8 km west of
Goldcorp's Dome mine and mill complex.
We are very encouraged with the results of the recent program
on the Ogden Project in Timmins."
said Sandy Stares, President and CEO of Metals Creek.
Results from the last five holes will be released as they
are received and compiled.
Results from the four holes at Naybob South:
OG11-01: 8.84m down hole intercept (64.76m to 73.60m) of 1.066 g/t gold.
OG11-02: 6.63m down hole intercept (87.80m to 94.43m) of 6.217 g/t gold
And 2.6m down hole intercept (71.0m to 73.6m) of 1.547 g/t Gold.
OG11-03: 2.5m down hole intercept (81.5m to 84.0m) of 2.155 g/t gold
And 5.05m down hole intercept (98.20m to 103.25m) of 2.767 g/t gold.
OG11-04: 2.88m down hole intercept (57.05m to 59.93m) of 2.224g/t gold.
Note: True thicknesses are approximately 60-80% of down hole intercepts
The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp"). The Ogden Project covers eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp's Dome Mine Complex and Lakeshore Gold's West Timmins development project. Metals Creek can earn a 50% interest in the Project by incurring $3.1 million in expenditures and issuing a combination of cash and shares totaling $460,000 over 4 years.
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 Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays to Actlabs located in Thunder Bay, Ontario. 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 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 can earn 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 (PDF)
that stretches between Timmins, Ontario and Val'Dor, Quebec.
The Corporation is also engaged in the identification,
acquisition, exploration and development of other 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.
http://www.metalscreek.com/article/ogden-twp--on-128.asp
http://www.metalscreek.com/article/mek-announces-assay-results-from-four-diamond-drill-holes-270.asp
http://www.metalscreek.com/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71226409
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