Metals Creek Resources Provides Update on its 100% Owned Feagan Lake Graphite Project
April 9, 2014 (Source: Accesswire) — Metals Creek Resources Corp. (“Metals Creek” or “the Company”) (TSXV-MEK) reports that the company has submitted for approval to Ontario’s Ministry of Northern Development and Mines, the required permits for line cutting, ground geophysics and diamond drilling 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 permits will allow for the company to proceed with exploration work on the new electromagnetic (EM) conductive responses detected by the VTEM plus time domain system which was recently flown on the property. Results from this survey led to 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 within an associated magnetic low.
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The Feagan Lake claim block consists of 12 claims totaling 175 claim units and is located immediately west and adjacent to Zenyatta’s claim block. To the best of management’s knowledge this is the first ever airborne for EM conductors flown over the project area making this a brand new discovery demonstrating the potential for the area to host additional graphite mineralization.
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). 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.
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