Metals Creek Resources Channel Samples 25.43 g/t Gold over 1.0 Meter at Jackson Arm Trenches
29.10.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire - Oct. 29, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to announce channel sample assay results from surface trenches taken from its recently completed trenching program on its 100% owned Jackson's Arm property in Newfoundland. The property consists of 196 staked claim units located on the western side of White Bay. Previous work by MEK prospectors, in late 2011, had discovered a cluster of new gold/silver prospects in an area that had seen very little previous work. The property is proximal to excellent infrastructure including a paved road and power line.Backhoe trenching and channel sampling was carried out in an attempt to better understand the new gold discoveries on the property. Highlights of this program include channel samples of 25.43 grammes per tonne (g/t) gold over 1 meter in Trench #6 and 1.75 g/t gold over 7 meters in Trench #1. A summary of results from the Jacksons Arm trenching are tabulated below:
Trench Meters Gold (g/t)
JT#1 7.0 1.754
JT#2 21.0 0.287
- Including 7.0 0.597
JT#3 9.0 0.101
JT#4 4.0 1.200
- Including 1.0 4.420
JT#5 30.0 0.106
JT#6 1.0 25.431
The Jackson's Arm property straddles the north-south striking Doucers Valley Fault, a major structural zone affiliated with a number of gold deposits. Work carried out to date by MEK personnel has been confined to the area east of this fault, within the Coney Head Complex, a multi-phase granite which has been locally altered with silica, sericite, carbonate and pyrite. The area of particular interest is a 200 to 500 meter wide north-south striking altered zone located along the western granitic contact. This mineralization is characterized by pervasive sulfide bearing quartz veining and flooding with stockwork zones giving way to ribboned quartz and finally complete flooding with quartz zones up to 35 meters wide. This recently discovered trend is defined by four gold showings separated by overburden covered terrain. The showings are interpreted to be part of one system with a minimum strike length of 1.2 km.
A ground geophysical program (Magnetic and Induced Polarization) has been completed over the prospective area with a number of geophysical targets remaining to be followed up. A program of additional trenching is planned to test the remaining targets and to better define the higher grade zones prior to carrying out an initial drill program.
Wayne Reid, P.Geo and VP Corporate Development 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 well-funded 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 have recently formed a 50/50 joint venture with Goldcorp, to continue exploring the Ogden Gold property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding in the Ogden Gold Property. The Corporation 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.
Contact
Metals Creek Resources Corp.
Alexander (Sandy) Stares, President and CEO
(709)-256-6060
(709)-256-6061 (FAX)
astares@metalscreek.com
www.metalscreek.com