Metals Creek Blackflake West Update: Ground Magnetics Concluded
Metals Creek Blackflake West Update: Ground Magnetics Concluded
Toronto,Ontario, 14 August 2014. Metals Creek Resources (TSX-V: MEK) has been advised by Xmet Inc. (“Xmet” or the “Company”) (TSXV-XME) that it has completed the first phase of its ground geophysics work on its Blackflake West project, being the ground magnetic survey. The ground magnetic program was designed to give the company a higher definition of the sub soil structures and to assist in spotting the pending drill holes on the ‘All Channel’ electromagnetic response target discovered by Metals Creek in March 2014(See MEK News Release Dated 26 March 2014).
The image below is from the final report received from Abitibi Geophysics, which Xmet commissioned to complete the 41-line km magnetic survey. The image depicts the magnetic surveys with the B-Field electromagnetic ‘All Channel’ response overlain.
Xmet Inc. has the option to earn a 50% interest (see news release May 22, 2014) in the Blackflake West (FeaganLake) Graphite Project by paying an aggregate of $20,000 plus issue up to 3,000,000 common shares and incur exploration expenditures in the amount of $885,000 within a three-year period. In order to earn the additional 10% interest, Xmet must pay $100,000 plus issue 1,500,000 common shares within 90 days of earning 50% and incur exploration expenditures of $1,000,000 in year four.
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 theProvinceofOntario, is a reporting issuer inAlberta,British ColumbiaandOntario, 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, (FeaganLake) graphite property, west of Zenyatta Resources, and is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests inOntario,YukonandNewfoundlandandLabrador. 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 DirectorsMetals Creek Resources Corp. Alexander Stares, President and CEOimageTel: (709) 256 6060Fax: (709) 256 6061email: astares@metalscreek.comMetalsCreek.comTwitter.com/MetalsCreekResFacebook.com/MetalsCreek