Metals Creek Resources Corp.: Blackflake (Feagan Lake) Property "All Channel" EM Graphite Target receives Drilling & Ground G...
16 Giugno 2014 - 3:00PM
Marketwired
Metals Creek Resources Corp.: Blackflake (Feagan Lake) Property
"All Channel" EM Graphite Target receives Drilling and Ground
Geophysics Permit from MNDM
TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Metals Creek
Resources (TSX-VENTURE:MEK) is pleased to announce that it has
received its Drilling and Ground Geophysics Exploration Permit from
the Ministry of Northern Development and Mines (MNDM) on its
Blackflake West (Feagan Lake) Graphite Project. Metals Creek
discovered several conductive electromagnetic targets on the
Blackflake West (Feagan Lake) Graphite property. These new
electromagnetic (EM) conductive responses were flown with the VTEM
plus time domain system targeting previously identified magnetic
lows that resulted in 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
with an associated magnetic low. Metals Creek recently optioned the
property to Xmet Inc. (TSX-V:XME).
Xmet Inc. has the option to earn a 50% interest (see news
release May 22, 2014) in the Blackflake West (Feagan Lake) Graphite
Project by paying an aggregate of $20,000 plus issue up to
3,000,000 common shares and incur exploration expenditures in the
amount of $885,000 within a three year period. In order to earn the
additional 10% interest, Xmet must pay $100,000 plus issue
1,500,000 common shares within 90 days of earning 50% and incur
exploration expenditures of $1,000,000 in year four.
Xmet is going to be moving aggressively towards conducting
ground geophysics and drilling this "All Channel" EM target on
Blackflake West, as soon as ground conditions allow.
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". 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 (P-DF) that stretches between
Timmins, Ontario and Val d'Or, Quebec. The Corporation also has an
Option/Joint venture agreement with Xmet Inc. on the Blackflake
West, (Feagan Lake ) graphite property, west of Zenyatta Resources,
and 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 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.
On Behalf Of the Board Of Directors,
Alexander Stares, President and CEO
Metals Creek Resources Corp.
www.Twitter.com/MetalsCreekRes
www.Facebook.com/MetalsCreek
Metals Creek Resources Corp.Alexander StaresPresident and
CEO(709) 256-6060(709)
256-6061astares@metalscreek.comwww.MetalsCreek.com
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