Metals Creek Resources Wins Decision in Claims Dispute at Feagan Lake Graphite Project, NW Ontario
19 Febbraio 2014 - 1:30PM
Access Wire
Toronto Ontario, /ACCESSWIRE/ - 19 February 2014 - Metals Creek
Resources Corp. (TSXV:MEK) ("Metals Creek" or the "Company") is
pleased to announce the favorable decision from the Ministry of
Northern Development and Mines following a claims dispute hearing
in Sudbury, Ontario on 13th February 2014.
On August 21st, 2013, a claims dispute against a third party,
(Respondents) was filed by Metals Creek Resources Corp.
(Disputants), Thunder Bay, Ontario. Specifically, the claims
involved were #P4275913, 4275914, (Respondents Claims) and 4276040,
4276041, 4276043, and 4276044 (MEK Claims) situated in the Feagan
Lake area, Porcupine Mining Division, The disputants alleged, on
the basis of recommendation from their field and staking advisors,
that the respondents staking did not comply with provincial
standards and substantial compliance was not met.
As a result of the specific and substantial evidence presented
to the Ministry by Metals Creek, The Respondents claims were
cancelled and Metals Creek's claims were accepted and recorded
effective the date the application to record was first received.
The Ministry has also extended the time for performing and
reporting assessment work on the mining claim by 175 days.
The Respondent has a period of thirty days from 13 February,
2014 in which to file a request for an appeal to the Mining and
Lands Commissioner in Toronto.
The claims are located west of and adjacent to Zenyatta Ventures
Ltd Albany hydrothermal graphite project and cover an historic Mag
Low. These claims are also located approximately 5km northeast of
Caribou King Resources Ltd., which has recently announced the
commencement of drilling on their Mulloy property.
Metals Creek is currently planning an airborne MAG and EM survey
for the property.
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-V SIC) and approx. 4% interest in Gold
Royalties Corp (TSX-V GRO). 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.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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