Metals Creek Reports Strong Gold in Soil Anomaly From Its Matson
Creek Claims in the White Gold District, Yukon
TORONTO, ONTARIO -- (Marketwire) -- 10/23/12 -- Metals Creek
Resources Corp. (the "Corporation") (TSX VENTURE:MEK) is pleased to
announce geochemical analysis results from a recently completed
C-horizon soil sampling program on its Matson Creek properties in
Yukon. This program was following up on anomalous results obtained
from a reconnaissance ridge and spur soil sampling program carried
out in 2011 (MEK News Release, December 1, 2011). The recent program
was completed on MEK's two most westerly claim blocks (Squid East and
West Blocks) located near Matson Creek, in the northwest part of the
White Gold District. The work was carried out in August of 2012 and
consisted of detailed soil sampling on 100 to 200m (meters) spaced
line with soils taken every 25m resulting in a total of 988 samples
The 2012 soil results delineated a strong northwest trending gold
plus pathfinder element anomaly located on the Squid East claim
block. Anomalous values are remarkably continuous between sample
locations with gold ranging from 15 ppb (parts per billion) to 1086
ppb. Associated with the gold assays are strong pathfinder element
results which include Ag from below detection up to 78.5 parts per
million (ppm), Pb from 5.3 up to 4493.5 ppm, As from 6.9 up to 50.9
ppm, Sb from 0.1 up to 241.2 ppm, Ba from 133 up to 2370 ppm, and Hg
from below detection up to 36.32 ppm. The anomaly has minimum
dimensions of approximately 450m long by 200m wide and is coincident
with a distinct northwesterly trending magnetic low. Several other
Au, As and Ba anomalies are also present within this mag low and will
require additional follow-up sampling. The strength and size of this
newly discovered anomaly is comparable to soil anomalies associated
with the recent discoveries in the White Gold District and the
associated pathfinder elements are typical of these new discoveries.
Metals Creek would also like to thank the Yukon Government for its
support of this project through a financial contribution thru the
Yukon Mining Incentive Program (YMIP).
Sandy Stares, President and CEO of the Corporation, states, "These
strong gold in soil results combined with a strong assoc
pathfinder elements has management highly encouraged regarding the
potential of the Matson Creek claim blocks and we look forward to
next year's field season to continue to advance this project with
additional detailed soil sampling and trenching."
MEK initially staked the Yukon properties in February, 2011 and has a
100% interest in four separate claim blocks (242 claims) within the
White Gold District. The Matson claims are located upslope from the
Matson Creek placer gold operations, approximately 90km southwest of
Dawson City. A four wheel drive road accessing the placer operations
passes within 3 km of the MEK property. These gold in soil anomalies
will continue to be evaluated in 2013 and will be the focus of a
detailed sampling and trenching program. The Matson Creek claims
continue to add to the Corporation's strong portfolio of gold
properties which include the Flint Lake, Jackson's Arm Projects and
the Corporation's Flagship property, the Ogden Gold Project, which is
a 50/50 joint venture between the Corporation and Goldcorp Canada
Ltd. and Goldcorp Inc.
All samples were sent to Acme Analytical Laboratories, an accredited
lab based in Vancouver, British Columbia, for 36 elements analysis
using 15g Aqua Regia digestion with an ICP-MS finish.
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 well funded 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". Metals Creek has earned a 50% interest in the Ogden Gold
Property, including the former Naybob Gold mine, located 6 km south
of Timmins, Ontario and has a 8 km strike length of the prolific
Porcupine-Destor Fault (PDF) that stretches between Timmins, Ontario
and Val-d'Or, Quebec. The Corporation is also 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
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.
Metals Creek Resources Corp.
Alexander (Sandy) Stares
President and CEO
(709) 256-6061 (FAX)
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