February 22, 2010
METALS CREEK RESOURCES CORP ANNOUNCES COMMENCEMENT OF A WINTER DRILL PROGRAM ON ITS OGDEN GOLD PROPERTY AND STOCK OPTION GRANTS
Toronto, February 22, 2010. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is pleased to announce the commencement of a 2000 meter diamond drill program on its Ogden Gold Property in Timmins Ontario. The project is an Option Agreement (the “Agreement”) with Goldcorp Canada Ltd. and Goldcorp Inc. These claims cover eight kilometers of strike length of the highly prospective Porcupine-Destor Break between Goldcorp’s Dome Mine and Lakeshore’s West Timmins development project. This drill program will test the continuity and down plunge extension of the Naybob South, Thomas Ogden and Porphyry Hill zones. A number of other targets will also be tested on the property including prospective ground geophysical IP (Induced Polarization) anomalies on strike from both the Naybob South and Thomas Ogden zones as well as several prospective porphyry targets which are along the main mineralized trend. Results of this drilling will be released as they are received and compiled.
The Corporation also announces the granting of incentive stock options to certain directors, officers, employees and consultants to purchase a total of 1,305,000 common shares in the capital stock of the company. The options are exercisable for a period of five years at an exercise price of $0.16 per share.
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 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 can earn 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 (PDF) that stretches between Timmins Ontario and Val’Dor Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other 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.
Investors are invited to visit the Metals Creek IR Hub at www.agoracom.com/ir/MetalsCreekResources where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to MEK@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.
This press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; general economic conditions; and changes in laws, rules and regulations applicable to the Corporation. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Corporation has no intention or obligation to update the forward-looking statements contained in this press release.
“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.”
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