Metals Creek Resources Wins Decision in Claims Dispute at Feagan Lake Graphite Project, NW Ontario
February 19, 2014 (Source: Marketwired) — Metals Creek Resources Corp. (TSX VENTURE: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 21th, 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.
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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) and approx. 4% interest in Gold Royalties Corp (TSX VENTURE: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.
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