Metals Creek Resources Discovers New Strongly Conductive Target on Its 100% Owned Feagan Lake Graphite Project
March 26, 2014 (Source: Marketwired) — Metals Creek Resources Corp. (“Metals Creek” or “the Company”) (TSX VENTURE:MEK) today reports that the company has discovered several conductive electromagnetic targets 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 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.
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The Feagan Lake claim block consists of 12 claim blocks totaling 175 claim units and is located immediately west and adjacent to Zenyatta’s claim block. The Feagan lake property to the best of management’s knowledge has never been flown for EM conductors making this a brand new discovery demonstrating the potential for the area to potentially host additional graphite mineralization.
Metals Creek’s President and CEO, Alexander Stares states, “With the discovery of several new EM anomalies within favorable stratigraphy to host possible additional graphite mineralization, it provides Metals Creek with an exciting new project strategically located adjacent to Zenyatta’s hydrothermal graphite discovery. This new highly conductive EM target will be the focus of additional exploration work going forward.”
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>