both companies contribute its share of required funding.Wolfin, found this on MEK website.
https://www.metalscreek.com/article/mek-form-an-operating-jv-with-goldcorp-to-continue-exploration-on-ogden-project-287.asp
METALS CREEK TO FORM AN OPERATING JOINT VENTURE WITH GOLDCORP TO CONTINUE EXPLORATION ON THE OGDEN GOLD PROJECT, TIMMINS
Toronto, 30 July 2012. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) reports that it has received notification from Goldcorp Canada Ltd. and Goldcorp Inc. (“Goldcorp”) that it does not intend to pursue its “Back-in Right” on the Ogden Township property. This now paves the way to formalize a 50/50 joint venture with Goldcorp, to continue exploring the Ogden property. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding.
Commented Sandy Stares, President and CEO of Metals Creek “This recent news is an important milestone for Metals Creek. We look forward to working with Goldcorp on the Ogden joint venture as we go forward with an aggressive exploration program. Subsequent programs will continue to evaluate the size, grade and economics of the various gold zones and Goldcorp’s expertise and advise will be invaluable.”
The Ogden Project covers eight kilometers of strike length of the Porcupine-Destor Break and includes the former Naybob Gold mine and the Thomas Ogden Zone. The property is located between Goldcorp’s Dome Mine and Mill Complex and Lake Shore Gold’s West Timmins Mine. MEK drilling over the past three years has focused on four known gold zones with the most recent drilling concentrating on the Thomas Ogden Zone (TOZ). The TOZ has demonstrated excellent potential and management is highly encouraged by its continued success in defining the geometry and down plunge extension of the gold zone. A summary of the more significant intersections from the TOZ over the past 12 months is detailed in the table below.
| HOLE# | FROM (Meters) | TO (Meters) | INTERVAL (Meters) | GRADE (Grams Per Tonne) |
| TOG-11-01 | 265.00 | 278.40 | 13.40 | 3.163 |
| incl. | 273.20 | 278.40 | 5.20 | 5.367 |
| TOG-11-02 | 348.75 | 354.44 | 5.69 | 2.519 |
| And | 363.57 | 366.85 | 3.28 | 9.408 |
| TOG-11-06 | 88.00 | 123.45 | 35.45 | 1.024 |
| TOG-11-07 | 200.00 | 203.00 | 3.00 | 2.036 |
| And | 245.70 | 248.06 | 2.36 | 3.079 |
| TOG-11-08 | 356.85 | 359.73 | 2.88 | 13.072 |
| TOG-11-11 | 78.00 | 172.00 | 94.00 | 1.92 |
| incl. | 118.00 | 123.50 | 5.50 | 8.834 |
| And. | 142.00 | 149.00 | 7.00 | 7.576 |
| TOG-12-03 | 90.50 | 118.00 | 27.50 | 1.143 |
| And. | 148.00 | 171.30 | 23.30 | 5.728 |
| TOG-12-04 | 137.10 | 152.00 | 14.90 | 2.023 |
| And. | 188.30 | 191.30 | 3.00 | 8.257 |
| TOG-12-05 | 141.30 | 185.00 | 43.70 | 2.34 |
| incl | 170.00 | 185.00 | 17.00 | 5.04 |
| TOG-12-06 | 146.60 | 162.87 | 16.27 | 5.83 |
| TOG-12-08 | 70.00 | 117.20 | 47.20 | 1.946 |
| and | 155.00 | 172.00 | 17.00 | 3.758 |
| incl. | 156.00 | 159.00 | 3.00 | 17.084 |