MetalCORP Announces Planned Start of Next Phase of Hemlo East Drilling

- January 5th, 2011

MetalCORP (CVE:MTC) announced that phase two of drilling at its Hemlo East Property is scheduled for later this month.

MetalCORP (TSXV:MTC) announced that phase two of drilling at its  Hemlo East Property is scheduled for later this month.

The press release is quoted as saying:

The first phase of drilling, completed in mid-November, 2010, outlined a significant mineralized zone extending several hundred meters along strike, and at least 300 meters down dip. The drilling yielded gold values of up to 19.7 g/t over 1.2 meters, silver values of up to 388 g/t over 0.8 meters, and combined zinc and lead values of up to 6.64% over 0.5 meters with 226 g/t silver in the same interval. The central trend of the mineralized zone, which has been intersected by 8 holes, has shown true widths averaging 4.6 meters, has returned gold grades averaging 2.9 g/t, silver grades averaging 81 g/t, and combined base metals values averaging 1.06%.

 Chris Dougherty, President of MetalCorp, says:

 The Gouda Lake Project will be one of several projects that we intend to focus on in 2011 and will be our main focus for the first few months of 2011. We are looking forward to advancing this project to bring it to a resource status`

To access the full release, click here.

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