Drilling Continues on the Ogden Gold Project in Timmins Ontario
Toronto, Ontario–(Newsfile Corp. – March 20, 2018) – Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek or the “company”) is pleased to announce that an airborne time-domain electromagnetic (EM) and magnetic (MAG) geophysical system has been mobilized to its 100% owned Great Brehat Property (the “Property”). The survey is expected to commence Wednesday, 21 March, weather permitting.
The property is located on the Great Northern Peninsula, near St. Anthony, Newfoundland. The Claims being flown are contiguous to the south and to the west of White Metal Resources Corp’s. new discovery where they recently announced highly anomalous gold values over approximately a 15 sq KM area in black sedimentary shale units (See WHM-TSX.V PR dated November 20, 2017). The Metals Creek claims were staked to cover favorable geology similar to that of White Metal Resources Corp. The company believes this could potentially be a very important new discovery in a unique geological environment similar to other large gold deposits hosted in black shale environments around the world. The company intends on flying 156.2 line kilometers of airborne EM and Mag.
The geophysical data will assist the Company in better understanding and delineating structural and stratigraphic features which might host gold, and possibly base metal, mineralization. Metals Creek will plan an exploration program to evaluate the targets generated by the airborne survey.
In addition, the company announces that drilling is continuing on the Ogden Gold Property in Timmins Ontario, 6 holes have been completed to date, of these 4 holes have been logged, sampled, and submitted to the laboratory for analysis. Assays will be released once they are received and compiled.
The Ogden Gold Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. (“Goldcorp”) owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Fault between Goldcorp’s >16.6 million ounce Dome Mine and Tahoe Resources West Timmins Mine. The vast majority of the Porcupine-Destor Fault on the property is underexplored, compared to other properties in the Timmins Gold camp.
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. Metals Creek also has an option agreement with Quadro Resources on Metals Creeks and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek’s Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company have also signed a LOI on its Clarks Brook property with Sokoman Iron Corp. and is 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 including the recently acquired Great Brehat project on the Great Northern Peninsula of Newfoundland. 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.
Alexander (Sandy) Stares, President and CEO