Metals Creek continues to expand its high grade Thomas Ogden Zone in the Timmins Camp, Ontario. Drills highest grade intercept to date, 210.19 g/t gold (uncut) over 12.53 meters, including 2732.6 g/t over 0.93 meters.

 

Toronto, 22 May, 2013. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is very pleased to report assay results from the remaining three holes of its recently completed diamond drill program on the Ogden Gold Project in Timmins, Ontario. The drill program consisted of eight holes targeting the Thomas Ogden Zone (TOZ) which were designed to test the on-strike and down dip extent of previously defined gold mineralization. The TOZ occurs along the Porcupine-Destor Break within a zone of albitized sediments and strongly silicified felsic porphyries with associated pyrite and arsenopyrite mineralization. This horizon is located within a package of variably folded mafic and ultramafic volcanics and the high grade sub-zones exhibit a strong correlation with the interpreted fold hinges. This latest drilling was designed to better define the orientation of these fold structures, and in turn establish the continuity of the high grade zones. 

Highlights from these latest holes include hole TOG-13-25, which returned a bonanza grade gold intercept of 2,732.6 grammes per tonne (g/t) gold over 0.93 meters (m), This intercept was part of a broader zone of high grade mineralization with an uncut intercept of 210.19 g/t over 12.53 m. The zone averages 14.79 g/t gold over 12.53m after cutting the bonanza grade sample to 100 g/t gold.  Mineralization in hole TOG-13-25 is described as strongly albitized and silicified conglomerate and porphyry units containing 1 to 8 percent finely disseminated pyrite with local arsenopyrite. Visible gold was noted in 9 different locations within this intercept.  Hole TOG-13-25 was a 30m under-cut below previously released (January 15, 2013)  hole TOG-12-10, which returned a down hole intercept of 2.25 g/t gold over 12.95m. 

Results from the final two holes in the program did not intersect significant results as TOG-13-29 failed to reach target depth due to severe faulting and TOG-13-30 intersected the TOZ horizon above the interpreted plunge of the zone. 

 

Drill Results

A breakdown of individual sample assays from TOG-13-25 is listed as follows:

 

Alexander (Sandy) Stares, President and CEO of Metals Creek states “Management is extremely pleased with this latest round of drilling on the Thomas Ogden Zone. Our team has done a tremendous job utilizing data from our previous drilling to understand the complex nature of the folds and structures related to the zone.”

Going forward, MEK’s plans include additional drilling once the new information is interpreted and incorporated into a revised model of the zone. The future drilling will focus on establishing the geometry and size of the potential resource and is scheduled for late summer-early fall, once the joint venture funding requirements have been established. 

Prior to the resumption of drilling on the Ogden property, the Corporation is planning on completing a trenching and drilling program on its Squid East project which is located within the White Gold district in the Yukon. This program will be funded by GTA Resources and Mining Inc. (TSXV: “GTA”) who can earn up to 70% of the project interest over a five year period (see press release January 10, 2013). The planned trenching program will test several highly prospective soil anomalies discovered over the last two field seasons and will be followed up by a small drill program in August.

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. Metals Creek and Goldcorp (Goldcorp Canada Ltd. and Goldcorp Inc.) have recently formed a 50/50 joint venture on the Ogden Gold project with Metals Creek being the operator.

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 well-funded junior exploration company incorporated under the laws of the Provinceof Ontario, is a reporting issuer in Alberta, British Columbiaand Ontario, and has its common shares listed for trading on the Exchange under the symbol “MEK”. Metals Creek have recently formed a 50/50 joint venture with Goldcorp, to continue exploring the Ogden Gold property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding in the Ogden Gold Property. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukonand Newfoundlandand 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.

 

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
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