Metals Creek/Benton Resources Discovers New Visible Gold Showing on the Staghorn Gold Project
TORONTO, ONTARIO--(Marketwired - Sep 1, 2015) - Metals Creek Resources Corp. (TSX VENTURE:MEK) has been provided an update by its partner Benton Resources Inc., (TSX VENTURE:BEX) ("Benton" or "the Company") on the Staghorn gold property.
Today the company announced that they made a significant new visible gold discovery on the Staghorn gold project under option from Metals Creek Resources Corp., (see Benton press release dated Nov. 18, 2014).
Earlier prospecting this summer along the north eastern portion of the project identified mineralization grading 19-20 grams per tonne ("gpt") gold in outcrop. Subsequent recent follow-up discovered visible native gold associated with quartz veining within a large iron-carbonate shear zone. Assays from new follow-up selective grab samples graded up to 189.2gpt gold. The assays were completed by Eastern Analytical of Springdale, NL using pulp metallic and fire assay. The shear zone has been traced intermittently over more than 2km with other grab samples returning trace to 2.5gpt gold. Five small overburden / till samples were collected over 120m across strike at the visible gold showing of which three contained a few fine grains of native gold in the panned concentrate. The Company has initiated a soil sampling program and further prospecting in this area with follow-up trenching after new results are compiled.
In addition, continued follow up exploration along the Ryan's Hammer prospect has extended the gold mineralized horizon to approximately 750m strike length. Previously reported grab sample assays located along strike to the east across Victoria Lake and recent follow-up to gold-in-soil anomalies along strike to the west may extend the mineralized horizon to more than 2km. Selective grab samples of numerous large angular mineralized boulders interpreted to be subcrop located along the western strike extent of the Ryan's Hammer prospect returned grades of 1.1gpt to 5.4gpt Au. The Company believes the zone is situated within an east west oriented splay off of the main Cape Ray fault. Trenching is expected to start in September as soon as the permits are received.
The Cape Ray/Victoria Lake regional fault zone hosts a number of gold deposits, including Marathon Gold's Valentine Lake deposit located 30km to the northeast of the Staghorn and Benton's Cape Ray gold deposits approximately 100km to the southwest.
President and CEO of Metals Creek, Alexander (Sandy) Stares states, "We are very pleased with the progress made by Benton to date. With the generation of new targets on the Staghorn Project, Metals Creek shareholders can expect a steady flow of news from the Staghorn as well as the Ogden Gold project as we head into the Fall and Winter months."
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.
The surface grab samples mentioned in this news release are selective by nature and are unlikely to represent average grades on the property.
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 has also 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
Alexander Stares, President and CEO
Contact
Metals Creek Resources Corp.
Alexander Stares
President and CEO
(709)-256-6060
(709)-256-6061
astares@metalscreek.com
www.MetalsCreek.com
www.Twitter.com/MetalsCreekRes
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