Friday, June 01, 2018 1:30:26 PM
Toronto, 31 May, 2018. - Metals Creek Resources Corp. (TSX-V: MEK) (Metals Creek or the company) is pleased to announce that it has signed a Letter of Intent (“LOI”) to acquire 10 Patented mining claims (The Patents) in Garrison Township approximately 35 kms north-northeast of Kirkland Lake, Ontario. The patents are 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)
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. This agreement is subject to the Company receiving regulatory approval and to a 30 day due diligence period by the company.
Alexander (Sandy) Stares states “ This acquisition is a unique opportunity for Metals Creek and its shareholders as this area is very active and these patents have not seen any recent exploration since 1990.“
Read more at:
http://webmailb.netzero.net/webmail/new/5?session_redirect=true&userinfo=150fb40fa9758ba8704b913d0c3a1d36&count=1527865747&cf=sp&randid=422007395
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