Metals Creek Resources Provides Update on Its 100% Owned Feagan Lake Graphite Project
April 09 2014 - 7:30AM
Marketwired Canada
Metals Creek Resources Corp. ("Metals Creek" or "the Company") (TSX VENTURE:MEK)
reports that the company has submitted for approval to Ontario's Ministry of
Northern Development and Mines, the required permits for line cutting, ground
geophysics and diamond drilling on its recently staked, 100% owned Feagan Lake
Graphite property which is located approximately 7 km due west of Zenyatta's
hydrothermal graphite discovery.
These permits will allow for the company to proceed with exploration work on the
new electromagnetic (EM) conductive responses detected by the VTEM plus time
domain system which was recently flown on the property. Results from this survey
led to the discovery of several new exploration targets exhibiting similar
features to that of Zenyatta's hydrothermal graphite discovery. One of the EM
responses in particular returned a strong conductive response on all channels
within an associated magnetic low.
The Feagan Lake claim block consists of 12 claims totaling 175 claim units and
is located immediately west and adjacent to Zenyatta's claim block. To the best
of management's knowledge this is the first ever airborne for EM conductors
flown over the project area making this a brand new discovery demonstrating the
potential for the area to host additional graphite mineralization.
Michael MacIsaac, P. Geo, 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.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a 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". The Ogden Property is held under a joint
venture in which Metals Creek owns 50% and is the operator, and Goldcorp Canada
Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint
Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and is
located 6 km south of Timmins, Ontario. Metals Creek also holds approximately
15% interest in Sokoman Iron Corp. (TSX VENTURE:SIC). The Corporation has also
recently made a new gold/silver discovery in the "White Gold District" on the
Squid East project in the Yukon. Metals Creek is 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Metals Creek Resources Corp.
Alexander (Sandy) Stares
President and CEO
(709)-256-6060
(709)-256-6061 (FAX)
astares@metalscreek.com
www.MetalsCreek.com
www.twitter.com/MetalsCreekRes
www.facebook.com/MetalsCreek
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