December 18, 2008
METALS CREEK RESOURCES CORP. ANNOUNCES HIGH GRADE PLATINUM, PALLADIUM AND BASE METAL RESULTS FROM ITS 100% BETTS COVE PROPERTY.
Toronto, December 18, 2008. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is pleased to announce that the Corporation has received assay results from a recently completed prospecting program on its 100% owned Betts Cove Property, on the Baie Verte Peninsula, Newfoundland. Three grab samples were taken from a Copper occurrence the Corporation believes was discovered in 1952. (Ref: National Mineral Inventory Number: 002E/13/Cu013 Record ID Number: 632). From all research conducted by the Corporation, very little or no assaying has been reported for PGE’s (Platinum Group Elements). Mineralization is hosted within the Betts Cove mafic / ultramafic complex.
Alexander Stares, President and CEO of the Corporation, said “We’re very encouraged by the results of this first phase of prospecting. The encouraging PGE assays lead us to believe this represents a new opportunity to evaluate the Betts Cove Ophiolite Complex for its Platinum Group Element Potential”.
The Samples are currently being analyzed for other high value Platinum Group Elements (ruthenium, rhodium, osmium, and iridium) Results will be released when they are received.
All samples were sent to Eastern Analytical Ltd., in Springdale, Newfoundland. The precious metals were analyzed utilizing a standard fire assay with atomic absorption finish and the base metals were analyzed utilizing acid digestion and an atomic absorption finish. PGE’s were analyzed at Acme labs in Vancouver utilizing a standard fire assay with atomic absorption finish.
The Betts Cove Complex is interpreted as part of a Lower Ordovician oceanic crust and mantle that was developed through sea-floor spreading and was subsequently thrust (obducted) on to the Fleur de Lys continental mass. The Complex is made up predominately of mafic and ultra-mafic volcanic and related intrusive rocks which are host to a number of copper and gold deposits including past producers at Tilt Cove, Betts Cove and Nugget Pond Mines.
Additional prospecting and sampling for PGE mineralization will be carried out on the Betts Cove claim group as conditions allow and detailed grid work is being scheduled to better define the recently discovered PGE mineralization.
Michael MacIsaac, 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 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”. The Corporation is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company’s profile at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com