February 3, 2010
METALS CREEK RESOURCES CORP. INTERSECTS HIGH GRADE MINERALIZATION AT NAYBOB SOUTH ZONE IN TIMMINS, ONTARIO
Toronto, February 3, 2010. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is pleased to announce that the Corporation has received assay results for five additional holes from its recently completed drill program on its Ogden Gold Property, Timmins, Ontario which is a part of an Option Agreement (the “Agreement”) with Goldcorp Canada Ltd. and Goldcorp Inc. These holes were designed to test near surface high grade gold mineralization and the down plunge extension of the Naybob South stratigraphy. These five drill holes were part of a previously announced eleven hole diamond drill program totaling 2,687 meters targeting mineralization on the Porphyry Hill, Naybob South and Thomas Ogden zones. All results have now been received for this program. Three holes (OG09-006, 018 and 019) targeted near surface mineralization above the 200 foot level within the central portion of the 600m long zone of mineralization. Highlights from these holes include a down hole intercept of 10.08 g/t gold over 1.5 meters in drill hole OG09-019, and a down hole intercept of 10.73 g/t gold over 1.04 meter in drill hole OG09-006. The other two holes (OG09-004 and 017) were drilled to test the down plunge extension of the Naybob South zone with hole OG09-004 successfully extending gold mineralization 275m below surface, the deepest intercept to date within the Naybob South stratigraphy.
Highlights:
-OG09-006 1.04m down hole intercept (47.92-48.96m) of 10.73 g/t gold. Visible gold noted in this intercept.
-OG09-019 1.50m down hole intercept (29.00-30.50m) of 10.08 g/t gold including 1.0m down hole intercept (29.00-30.00m) of 14.33 g/t gold. Visible gold noted in this intercept.
-OG09-018 1.88m down hole intercept (63.5-65.38m) of 1.56 g/t gold.
-OG09-004 0.8m down hole intercept (321.61-322.41m) of 3.53 g/t gold with associated strong to intense albite and carbonate alteration with associated 10-15% pyrite, 1-2% arsenopyrite and quartz stringers. This intercept extended gold mineralization down plunge while exhibiting strong to intense alteration.
-OG09-017 4.0m down hole intercept (327.00-331.00m) of 0.50 g/t gold. This intercept is within a broad zone of highly silicified-sericitized-pyritic mafic volcanics with associated carbonate alteration.
Note: True thicknesses are approximately 70-80% of down hole intercepts.
Drilling will resume in mid February and will target on expanding the known gold zones at the Naybob North and South, Porphyry Hill and Thomas Ogden zones. A number of other targets will also be tested on the property, which covers an eight kilometer strike length of the Porcupine-Destor Break, between Goldcorp`s Dome Mine and Lakeshore`s West Timmins development project.
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 to Actlabs located in Thunder Bay, Ontario. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with assay results above 5 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 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.
“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