Metals Creek Resources Partner, Sokoman Minerals Completes Drill Program at Clarks Brook
Samples Submitted for Rush Assaying
Toronto, September 11, 2019 - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or "the company") is pleased to announce that they have been advised by their option/joint venture partner, Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (or "Sokoman") that the drill program on the Clarks Brook property has been completed and rush assays are underway. The program comprised 1,200 metres in three holes testing the mineralized corridor below the shallow gold zone discovery announced on December 21, 2017. The property is located 33 km to the south-east of Sokoman's flagship Moosehead gold project and is optioned from Metals Creek Resources.
A total of 377 samples (including blanks, standards and duplicates) were submitted for rush assaying, with results expected in approximately 2 weeks. The drilling intersected multiple mineralized zones up to 26 metres thick (core length), at depths to 400 metres vertical, consisting of chalcedonic quartz veining with 1-5% disseminated sulphides, resembling mineralized zones encountered in the previous 2017 drill program.
To earn an initial 75% interest in the Clark's Brook project, Sokoman must make cash payments of $45,000 over three years and issue a total of 3,000,000 Sokoman common shares over three years and incur work expenditures of $800,000 over three years. Sokoman will be the operator during the earn-in period. Once a 75% interest is earned by Sokoman, either a 75/25 joint venture will be formed, or Sokoman may elect to earn an additional 25% interest to bring its total property interest to 100%. The terms to increase its interest from 75% to 100% include payments of $100,000 and the issuance of an additional 2,000,000 Sokoman shares within 60 days of the 3rd anniversary date.
QP
This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.
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 from Newmont Goldcorp, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has recently signed an agreement with Newmont Goldcorp, where Metals Creek can earn a 100% interest on the past producing Dona Lake Mine project in the Pickle Lake Ming District of Ontario. Metals Creek also has an option agreement with Quadro Resources on Metals Creek's 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 also has an agreement on its Clarks Brook property with Sokoman Minerals Corp. as well as an agreement with Manning Ventures on the Metals Creeks Squid East project located in the Yukon. Metals Creek 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. Additional information concerning the Company is contained in documents filed by the Company 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
Metals Creek Resources Corp.
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47717