Metals Creek Resources Corp. is pleased to announce that the company has acquired thru staking, 298 claim units in 4 licenses in the Central Newfoundland Gold Belt.The Property is located approximately 39.5 kms south west of Newfound Golds Keats Zone and 4.5 kms north west of the Beaver Brook Antimony mine. .The property is easily accessible by forestry logging roads and the new Nalcor Transmission Line transects …
Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the “Company” or Metals Creek) is pleased to announce that the company has acquired thru staking, 298 claim units (7,450 hectares) in 4 licenses in the Central Newfoundland Gold Belt.
The Property (River Road Property) is located approximately 39.5 kms south west of Newfound Golds Keats Zone and 4.5 kms north west of the Beaver Brook Antimony mine. (See figure 1).
The property is easily accessible by forestry logging roads and the new Nalcor Transmission Line transects the property.
The River Road Property has seen very little exploration work according to research conducted by company personnel and Metals Creek plans to evaluate the property thru prospecting and soil sampling geochemistry during the upcoming weeks. Metals Creek is currently applying for permits for this work.
The company also announces that drilling is ongoing at the Dona Lake project and drill results will be released once results are received and compiled.
In addition, Metals Creek corrects the finders’ warrants announced for the last financing. In the 17 March news release, the company announced finders’ warrants in the amount of 177,818 in error, the correct amount of finders’ warrants issued were 450,545 which are each exercisable for one common share of the Company at $0.165 for a period of 24 months from the date of issuance.
Wayne Reid, P. Geo, a Director for the Company 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.
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.
To view an enhanced version of Figure 1, please visit:
Metals Creek 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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83236
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