TORONTO, ONTARIO, May 31, 2011 (MARKETWIRE via COMTEX) -- Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE: MEK) is pleased to announce assay results from its recently completed 3 hole, 588 meter diamond drill program on its 85 per cent owned Tillex Copper Project, located in Currie Township, 65 km east of Timmins, Ontario.
Results from this program includes a 66.30m (meter) intercept of 1.43% Cu (copper) and 6.78 g/t (grams per tonne) Ag (silver) including a higher grade intercept of 2.952% Cu and 14.995 g/t Ag over 14.80m from hole TX11-01. Hole TX11-02 returned an intercept of 43.20m of 1.27% Cu and 5.454 g/t Ag and hole TX11-03 returned an intercept of 10.14m of 1.38% Cu that encountered significant quartz feldspar porphyry dike material resulting in a significantly smaller intercept. Holes 1 and 2 both collared in mineralization. All 3 holes were designed to infill areas of limited drilling within the historic Tillex Copper Deposit, which was originally discovered in 1973 by Westmin Resources Ltd as well as provide a better understanding of the geology within the central portion of the deposit. Mineralization consists of disseminated and stringer chalcopyrite within a mixed sequence of andesite, graphitic argillite, dacitic tuff and feldspar porphyry.
The Tillex Copper Deposit continues to demonstrate near surface potential with the majority of the mineralization within 150m of surface. Xstrata's Kidd Creek base metal mill is located 45 kilometers by road from the deposit.
Results from this latest round of drilling are as follows:
Hole From (m) To (m) Interval (m) Grade Cu% Grade g/t Ag
TX11-01 40.70 107.00 66.30 1.43 6.779
Including 87.20 102.00 14.80 2.95 14.995
TX11-02 39.30 85.50 43.20 1.27 5.454
TX11-03 86.84 96.88 10.14 1.38 8.810
(Note: True thicknesses are approximately 65-75% of down hole intercepts)
Michael MacIsaac, P.Geo and 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.
All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The base metals were analyzed utilizing acid digestion with an atomic absorption finish with silver analysis determined using a 4 acid digestion method. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is 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 can earn 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 and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.
This press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; general economic conditions; and changes in laws, rules and regulations applicable to the Corporation. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Corporation has no intention or obligation to update the forward-looking statements contained in this press release.
"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."