METALS CREEK RESOURCES REPORTS COMMENCEMENT OF AIRBORNE AT SENECAL LAKE CU-NI-PGM PROJECT
METALS CREEK RESOURCES REPORTS COMMENCEMENT OF AIRBORNE AT SENECAL LAKE CU-NI-PGM PROJECT
Toronto, 06 August 2014. Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) has been informed by White Metal Resources (TSXV: WHM) that its Joint Venture Partner Platinum Group Metals (“PTM”) intends to fly an electromagnetic survey over the Senecal Lake property located in Southwest Labrador. The Airborne survey will commence in the coming weeks and once all data is compiled a crew will be mobilizing to the property for follow up prospecting and sampling on favourable anomalous responses.
On January 22, 2014, White Metals entered into an agreement whereas it has optioned two claim blocks totaling 210 claim units from Metals Creek Resources (See news release dated 22 January 2014). The terms of this deal are that White Metals have issued Metals Creek a total of 500,000 Shares for 100% ownership of the claims. Metals Creek will retain a 1% NSR of which 0.5% can be purchased at any time for $500,000. As part of this agreement, Metals Creek also acquires a 1% NSR on certain adjacent mineral claims owned by White Metals of which WHM will have the right to buy back 0.5% for $500,000.
The Senecal Lake Property is adjacent to Altius Minerals Corp’s Natashquan Property in which Altius previously announced the discovery of Cu-Ni-PGE mineralization. Altius has since entered into a Joint Venture Agreement with Anglo American.
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 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 DirectorsMetals Creek Resources Corp. Alexander Stares, President and CEOtelephone: (709)-256-6060fax: (709)-256-6061email: astares@metalscreek.comMetalsCreek.comTwitter.com/MetalsCreekResFacebook.com/MetalsCreek