November 11, 2008
METALS CREEK RESOURCES CORP. ANNOUNCES HIGH GRADES ASSAYS FROM THE DOGPAW LAKE AREA, IN WESTERN ONTARIO
Toronto, November 11, 2008. Metals Creek Resources Corp. (the “Corporation”, TSXV: “MEK”) is pleased to announce that the Company has received assay results from the recently completed prospecting/mapping program on its Dogpaw Lake Property (the “Property”). The Property is operated through an option agreement with Endurance Gold Corporation (“Endurance”, TSXV: “EDG”), in which the Corporation can earn a 75% interest in the Property by incurring $450,000 in expenditures and issuing 450,000 common shares to Endurance over two years. The Project is located approximately 55km southeast of the City of Kenora, within the Kenora Mining District in Northwestern Ontario. The Property consists of 29 unpatented staked mining claims, distributed over four separate claim blocks, totaling approximately 5500 hectares either owned by the Corporation or pursuant to the option agreement with Endurance.
The Property lies within the central portion of the east-trending Wabigoon Sub-province and is host to numerous gold occurrences which have seen little or no exploration in the past few years. This portion of the Wabigoon greenstone belt is an emerging gold camp with exciting drill intercepts coming from both Houston Lake Mining (as press released by this company on October 29, 2008) and Rainy River Resources (as press released by this company on September 9, 2008). The Corporation has a significant prospective land package in the Cedartree area enabling the Corporation to move this project forward to the drilling stage.
This first phase of prospecting and mapping conducted by the Corporation was initiated to help better define known historic gold showings as well as to further evaluate the Property for additional mineralization. A total of 309 samples were collected with assays ranging from <5 ppb to 90,155 ppb gold. This program resulted in the discovery of 3 new gold showings on the Stephens Lake claim block, with assays up to 18.56 g/t gold within a broad zone of carbonate alteration and associated pyrite mineralization within what is interpreted to be North-South trending structures up to 50m in width. Very little historic work has been performed in the vicinity of the 3 newly discovered gold showings and thus the Corporation is excited about the potential for additional discoveries in the same area. Within the Stephens Lake claim block, a total of 127 samples were collected, with 40 samples (31.5%) assaying over one gram per tonne gold. It is difficult to determine the widths or exact orientations of the gold bearing structures as the structures are often confined to lowlands or valleys which have pervasive overburden cover. In one of the new discoveries, exposed mineralization is found to be approximately 10m in width on surface with assays ranging from 2.1 g/t Au to 18.56 gpt Au from 5 samples. Several historic occurrences were visited including the Jenson, Bag and New Dogpaw Occurrences, with assays up to 90.155 g/t Au being returned.
Alexander Stares, President and CEO of the Corporation, said “We’re very encouraged by the results of this first phase of prospecting. The encouraging gold assays lead us to believe this represents a new opportunity to evaluate this portion of the Wabigoon greenstone belt for its gold potential.”
All assays were sent to Accurassay Laboratories, an accredited laboratory in Thunder Bay, Ontario. The gold was analyzed utilizing a standard fire assay and an atomic absorption finish.
Future work will include further line cutting, mapping, ground geophysics and possibly trenching in the vicinity of the new gold showings to bring them to the drill stage. Please visit the Corporation’s website at www.metalscreek.com for more information regarding sample locations.
Michael Macisaac, 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”. The Corporation is engaged in the identification, acquisition, exploration and development of 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.
The TSX Venture Exchange does not accept 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
email: astares@metalscreek.com