MEK Outlines Gold in Soil Anomaly in Vicinity of High Grade Boulders at Staghorn
Toronto, Ontario, 18 September 2014. Metals Creek Resources (TSX-V:MEK) (the “Company”) is pleased to announce results of a small “orientation” soil survey conducted near the recently discovered high grade granitic boulders along the Cape Ray/Victoria Lake Fault Zone on its Staghorn Property in west central Newfoundland.(See MEK News Release dated 18 August 2014). The regional scale fault zone hosts a number of gold deposits including Marathon Gold’s Valentine Lake deposit, located 32 km to the northeast of the auriferous boulders. The Staghorn Property covers a 29 km strike length of the gold trend and previous work has outlined a number of gold showings in the central and southwestern part of the property. This latest discovery is located in the northeast part of the property, southeast of Victoria Lake, in an area of little previous work, and opens up a new prospective area for further exploration.
A total of 63 soil samples were collected and submitted for analysis in the area of the high grade granitic boulders to determine if the source of these boulders was proximal to their current location. Elevated gold in soil values, ranging from 5 to 67 ppb (parts per billion), were encountered indicating a potential local bedrock source. Previous work, in 2012, in the Victoria Lake section of the property included an initial orientation soil survey centred on an area 2.6 km west of the recent boulder discovery. Results from the earlier soil survey also returned highly anomalous values ranging from 5 to 1690 ppb Au. The limited soil geochemical surveys completed to date has outlined two new prospective targets within a similar stratigraphy as the deposits outlined on Marathon Gold’s Valentine Lake property located on strike to the northeast. The Victoria Lake area will become an area of focus within the Staghorn project and additional geochemical surveys and target testing is recommended. (See Figures attached at the end of this News release.)
Several more boulders were discovered while conducting the recent soil survey due to lower water levels on Victoria Lake. The boulders are described as angular to sub-angular, and consist of altered and foliated granite containing variable amounts of arsenopyrite. From these boulders, four additional samples were taken and analyzed. A table outlining the results are as follows:
|
Sample Number |
Gold (ppb) |
|
95901 |
11 |
|
95902 |
1506 |
|
95903 |
3948 |
|
95904 |
9318 |
Note: The above samples are samples collected from boulders, are selective by nature and are unlikely to represent average grades on the property.
Michael MacIsaac, P. Geo, 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 junior exploration company 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 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. Metals Creek 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 Directors
Metals Creek Resources Corp.
Alexander Stares, President and CEO
Telephone: (709)-256-6060
Fax: (709)-256-6061
Email: astares@metalscreek.com
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