Feb 28 2011
Metals Creek Resources Corp. (TSX VENTURE:MEK) has announced the commencement of its first phase of drilling on its Ogden Gold Property in Timmins, Ontario.
These claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp's Dome Mine and Lakeshore Gold's West Timmins development project.
This drill program will consist of a minimum of 2000 meters testing the Thomas Ogden Zone following up on previously released results by the Corporation (See MEK press release dated January 11, 2011) of a near surface intercept in hole TOG-10-21 of 4.37 g/t (grams per tonne) gold over 23.4m (meters) within an altered porphyry with associated pyrite, strong silicification and visible gold. This intercept was part of a broader zone of porphyry-style mineralization assaying 1.94 g/t gold over 75.85m. Results of this drill program will be released as they are received and compiled.
The project is an Option Agreement (the "Agreement") with Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp") to explore Goldcorp's Ogden gold property in Ogden and Deloro Townships located 6 kilometers south of Timmins city center. The agreement allows for the Corporation to earn a 50% interest in the project by incurring 3.1 million dollars in expenditures and issuing a combination of cash and shares of $460,000 over 4 years.
Michael MacIsaac, P.Geo and 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.
Source: Metals Creek Resources Corp.