TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") is pleased to report assay results for the remaining two holes from the three diamond drill holes that were completed before the Christmas break (see news release by the Company, December 8, 2015) on the Thomas Ogden Zone located on the Ogden Property in the Timmins Gold Camp, Ontario. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp's Dome Mine and Lake Shore Gold's West Timmins Mine. 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.
TOG-15-039 was drilled to test the down dip extension of the Thomas Ogden Stratigraphy and returned a down hole intercept (267.37m to 268.90m) of 11.45 grammes per tonne (g/t) gold over 1.53 m. The intercept was described as strongly altered porphyry with strong silicification and albitization, associated with pyrite mineralization. Visible Gold was noted in this intercept. This hole was successful in further defining the fold structures down dip and provides a better understanding of the orientation of the gold mineralization associated within the complex structural nature of the stratigraphy.
TOG-15-041 was drilled testing the upper 100m of the Thomas Ogden Stratigraphy and returned a down hole intercept (113.17m to 131.0m) of 1.47 grammes per tonne (g/t) gold over 17.83m. The intercept was described as a strongly altered porphyry and conglomerate with strong silicification and local albitization with associated pyrite mineralization. A second zone of mineralization, footwall to the above mentioned mineralization, was also intersected with a down hole intercept (153.2m to 156.0m) of 3.93 g/t gold over 2.8m. This intercept consists of a strongly silicified felsic dyke with associated pyrite mineralization.
Results from the initial hole of this latest drill program (TOG-15-40) was previously released (see news release by the Company, January 25, 2016) and included 7.26 g/t over 2.80m.
Note: True thicknesses are approximately 70-80% of downhole intercepts.
This initial phase of drilling targeted near surface mineralization as well as continuing to further define and provide a better understanding of the complex structural nature of the Thomas Ogden Zone with what appears to be a strong spatial relationship of higher gold grades in close proximity to fold structures identified from recent drill campaigns.
The Company is also pleased to report that drilling has resumed on the Ogden Property and results will be reported as assays are received and compiled.
Alexander (Sandy) Stares, President and CEO of the Company states "The Thomas Ogden Zone continues to develop as a typical 'Timmins Camp' style gold system, characterized by strongly altered porphyry, conglomerate and volcanic rocks. Recent drilling has been limited to 1000 meter programs but each campaign has helped to expand the zone and improve our understanding of the structural controls on the high grade sections. We are looking forward to additional drill results from this next drill campaign."
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. 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 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 Company has also recently entered into a JV with Benton Resources on Metals Creek's Staghorn Gold Project in Newfoundland. Metals Creek has also 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.