MEK.V Discovers High Grade Boulder Train 32km SW Marathon Au
Metals Creek Resources Discovers High Grade Boulder Train 32km Southwest of Marathon Gold and Provides Results of Annual General Meeting
Toronto, Ontario, 18 August 2014. Metals Creek Resources (TSX-V:MEK) (the “Company”) is pleased to announce the discovery of high grade granitic boulders along the Cape Ray/Victoria Lake Fault Zone on its Staghorn Property in west central Newfoundland. The regional fault zone hosts a number of gold deposits including Marathon Gold’s Valentine Lake deposit, located 32 km to the northeast of the auriferous boulders. The Staghorn Property covers a 29 km strike length of the gold trend and previous work had outlined a number of gold showings in the central and southwestern part of the property. This latest discovery is located in the northeast part of the property, in an area of little previous work and opens up a new prospective area for further exploration.
The boulders are described as angular to sub-angular, and consist of altered and foliated granite containing variable amounts of pyrite and arsenopyrite. A total of 14 samples were taken from the numerous boulders which varied in size from 0.10 to 0.75 meters. The boulder train is approximately 175 meters in length. A soil sampling program is currently being planned to help define the bedrock source for the boulders which is believed to be of a local source. A table outlining the results follows:
| Sample Number |
Gold (PPB) |
| 95851 |
1984 |
| 95852 |
8051 |
| 95853 |
2917 |
| 95854 |
1597 |
| 95855 |
19055 |
| 95856 |
1189 |
| 95857 |
2279 |
| 95858 |
727 |
| 95859 |
5442 |
| 95860 |
6042 |
| 95901 |
11 |
| 95902 |
1506 |
| 95903 |
3948 |
| 95904 |
9318 |
Note: The above samples are samples collected from boulders, are selective by nature and are unlikely to represent average grades on the property.
Michael MacIsaac, P. Geo, 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.
Annual General Meeting - The board of directors of the Company is pleased to announce the successful completion of its annual general and special meeting held on August 14, 2014 (the “Meeting”). The Company had 30.01% of its issued and outstanding common shares represented at the Meeting either in person or by proxy. At the Meeting, shareholders voted to approve the Company’s stock option plan, which is done annually, and also approved the re-appointment of Wasserman Ramsey, Chartered Accountants, Licensed Public Accountants as auditors of the Company for the ensuing year. In addition, shareholders appointed Alexander Stares, Wayne Reid, Michael Stares, Nick Tsimidis, Patrick Mohan, Malvin Spooner, and Lorne Woods as directors to the board of directors of the Company to hold office until the next annual shareholder’s meeting or until a successor is elected.
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) that stretches between Timmins, Ontario and Val d’Or, Quebec. The Corporation also has an Option/Joint venture agreement with Xmet Inc. on the Blackflake West, (Feagan Lake) graphite property, west of Zenyatta Resources. Metals Creek has also recently made a new gold/silver discovery in the “White Gold District” on the Squid East project in the Yukon and is also 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.
On Behalf Of the Board Of Directors
Metals Creek Resources Corp.
Alexander Stares, President and CEO
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
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