Metals Creek Resources (TSXV: MEK) Releases Results from Final Five Drill Holes on the Ogden Gold Project - Timmins Ontario Toronto, Ontario - June 13, 2018 (Newsfile Corp.) (Investorideas.com Newswire)
Metals Creek Resources Corp. (TSXV: MEK) (the "company") is pleased to announce that results have been received for the final five holes of a nine hole, 2382m (meters) (see MEK news release February 14, 2018) diamond drill program designed to further test multiple targets on the Ogden Gold Project.
These 5 holes were targeting Porphyry Hill, Naybob North and Naybob South mineralization
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 the 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 property is underexplored, compared to other properties in the Timmins Gold camp.
Metals Creek Resources Signs LOI To Acquire 10 Patented Mining Claims Adjacent to Osisko Mining and Kirkland Lake Gold in Garrison Township, Ontario.
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.“
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