Additional claims acquired at MEK/Xmet's Blackflake West (Feagan Lake) Graphite Property
Additional claims acquired at MEK/Xmet’s Blackflake West (Feagan Lake) Graphite Property
Toronto, Ontario, 18 June 2014. Metals Creek Resources, (“Metals Creek” or the “Company”) (TSX-V:MEK) has been advised by Xmet Inc. (“Xmet”) (TSXV-XME) that Xmet has acquired a 50% interest in 29 claim units in four claims on the western boundary of the Blackflake West (Feagan Lake) Graphite Property. Terms of the new agreement also allow for Xmet to increase its interest to 65% in the near term by flying EM over the new claims within the next four months. These claims appear to host a possible western extension of MEK’s ”All Channel” Electromagnetic graphite target which was recently optioned to Xmet (see MEK press release dated May 22, 1014). Under the terms of the MEK/Xmet agreement, Metals Creek has a sixty (60) day period to opt in to this new agreement.
As reported by Xmet, this recent acquisition is key to gaining the appropriate land position to cover the interpreted strike extent of the ”All Channel” electromagnetic target. With the land package secured, Xmet will look to proceed on the next phases of its geophysical program on Blackflake West, including airborne and ground geophysics to better define the target for drill positioning. Positive features of the electromagnetic target as set out in MEK news release dated June 4, 2014 include:
1. An “All Channel” EM response, associated with a magnetic low;
2. A strike length structure greater than one km;
3. A similarity in EM profile and mag low to Zenyatta’s Graphite diatreme pipes; and
4. The “All Channel” EM response, indicates conductivity at depth which correlates well with a graphite source.
The technical information contained in this news release has been approved by William Yeomans, a director of Xmet, who is a qualified person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral projects.
Wayne Reid, P. Geo, VP corporate development 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 theProvinceofOntario, is a reporting issuer inAlberta,British ColumbiaandOntario, 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. The Corporation 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 DirectorsMetals Creek Resources Corp. Alexander Stares, President and CEOtelephone: (709)-256-6060fax: (709)-256-6061email: astares@metalscreek.comMetalsCreek.comTwitter.com/MetalsCreekResFacebook.com/MetalsCreek