Precious Metals

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that effective immediately, John Anderson has agreed to join the Metals Creek Board of Directors.

John Anderson is the Chairman of Purplefish Capital Management Limited ("Purplefish"), an independent Corporate Finance Advisory Firm with offices in Vancouver, Geneva, and Beijing. They also have strategic relationships with groups focused on Chinese markets. Over the past 25 years John has been instrumental in founding, helping fund, and managing numerous companies - and successfully raising over $500 million in equity for a number of public and private companies in the United States, Canada and Europe, and has been directly responsible for numerous IPO's and cross-border public listings. His specialty is identifying undervalued opportunities and investing capital into these initiatives.

Alexander (Sandy) Stares states "On behalf of the board of directors I am delighted to welcome John to the Metals Creek Team. As a past independent director of Newfound Gold and current director of Red Moon Resources, John is intimately familiar with Newfoundland projects and their potential. John's current role as Executive Chairman of Triumph Gold and tenacity of financing will certainly be a benefit to Metals Creek. John is a recent shareholder of MEK and his very long-term commitment to projects and gold is one shared by the Metals Creek Team."

Resignation:

Metals Creek also announces the resignation of Mr. Lorne Woods as a Director of the Company effectively immediately. "I would also like to very much thank Lorne Woods for a significant contribution to the Company over the years", stated Alexander Stares, President and CEO of Metals Creek. "We wish him great success in his future endeavours." Lorne will remain as an advisor to the company.

The Company also announces the grant of 500,000 incentive stock options to various directors, officers, and consultants of the Company. The Stock Options will be exercisable at $0.18 and will vest in accordance with the companies stock option plan.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration Corporation 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 Corporation, 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 signed an agreement with Newmont Corporation, where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Metals Creek also has multiple quality projects available for option in Ontario and Newfoundland which can be viewed on the Corporation's website. Parties interested in seeking more information about properties available for option can contact the Corporation at the number below.

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.

Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709) -256-6061
email: astares@metalscreek.com
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87171

News Provided by Newsfile via QuoteMedia

metals creek

Metals Creek Resources


Keep reading...Show less
gold bars with bear

VIDEO — Brien Lundin: Poor Gold Sentiment Has Created "Epitome of a Buying Opportunity"

Brien Lundin: Poor Gold Sentiment Has Created "Epitome of a Buying Opportunity"youtu.be

Gold's price slump has left investors wary, but Gold Newsletter Editor Brien Lundin sees an opportunity.

Speaking to the Investing News Network, he said sentiment surrounding the yellow metal is "about as washed out as (he's) ever seen," including compared to the double-bottom bear market seen in 1999 and 2000.

However, Lundin pointed out, that bottom was the start of an impressive 11 year bull run.

Keep reading...Show less
Labyrinth Resources

Initial Inferred Mineral Resource Of 500,000oz At 5g/T Sets Up Labyrinth as Significant High-Grade Project

Outstanding potential for further growth with Resource open in all directions and high-grade mineralisation already intersected well outside the Resource boundaries

Labyrinth Resources Limited (ASX: LRL) is pleased to announce an initial Inferred Mineral Resource of 3 Mt @ 5.0 g/t Au for 500,000 oz at its Labyrinth Gold Project in Quebec, Canada.

Keep reading...Show less
Astra Intersects 4.5 G/T Over 9.0 Metres, Extending Mineralization at Depth at Pampa Paciencia Project, Chile

Astra Intersects 4.5 G/T Over 9.0 Metres, Extending Mineralization at Depth at Pampa Paciencia Project, Chile

Astra Exploration Inc. ( TSXV: ASTR) (OTCQB: ATEPF) ("Astra" or the "Company") is pleased to announce the results of the Phase II drilling program at its Pampa Paciencia gold-silver project located in Northern Chile.

Drill Highlights:
  • PPRC-22-45 intersected 4.5 g/t gold equivalent (AuEq) over 9.0 metres, including 12.7 g/t AuEq over 3.0 metres
  • PPRC-22-49 intersected 3.17 g/t gold equivalent over 3.0 metres, including 8.2 g/t gold equivalent over 1.0 metre

"Drilling at Pampa Paciencia continues to produce evidence of a large, mineralized epithermal system concealed by shallow gravel cover." Stated Brian Miller, President, CEO of Astra. "With limited drilling we have discovered three shoots of high-grade mineralization over significant widths and have defined over two kilometres of vein strike length, all within an area which represents less than 10 percent of the total project. Our team's targeting methods have been highly successful at discovering new veins concealed by the shallow cover and data indicates the potential for the district to contain several additional kilometres of concealed veins – all which would have the potential to host additional shoots of mineralization."

Keep reading...Show less

Tempus Drills More Visible Gold at No9 Vein - Elizabeth Project

Tempus Resources Ltd ("Tempus" or "the Company") (ASXTMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce that it has intersected quartz veining containing visible gold in drill hole EZ-22-28, targeting the No. 9 Vein at the Elizabeth Gold Project in Southern British Columbia, Canada

HIGHLIGHTS

News Provided by ACCESSWIRE via QuoteMedia

[subscribe_company_profile use_post="101618410"]

Keep reading...Show less
american money with gold bars

Top Stories This Week: Gold Takes Post-Rate Hike Tumble, Powell Projects Pain

Top Stories This Week: Gold Weathers Latest Rate Hike, Powell Projects Painyoutu.be

Gold remained near lows not seen in over two years ahead of this week's US Federal Reserve meeting.

Trading as high as US$1,686 per ounce ahead of the event, which ran from Tuesday (September 20) to Wednesday (September 21), gold sank as low as US$1,658 in the immediate aftermath before rebounding to the US$1,670 level.

Friday (September 23) brought an end to the yellow metal's fairly steady showing, with gold falling to about US$1,640.

Keep reading...Show less
Trump and the Gold Standard

Trump and the Gold Standard

The gold standard hasn’t been used in the US since the 1970s, but when Donald Trump was president there was some speculation that he could bring it back.

Rumors that the gold standard could be reinstated during Trump’s presidency, which ran from 2017 to 2021, centered largely on positive comments he made about the idea. Notably, he suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others supported the concept.

With Trump now out of office, is the US likely to return to the gold standard? And what would it mean if that happened? Read on to learn what the gold standard is, why it ended, what Trump said about bringing it back — and of course what could happen if it ever came into play again.

Keep reading...Show less

Latest Press Releases

Related News

×