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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 44,946,269
Close 2017-01-11 C$ 0.06
Market Cap C$ 2,696,776
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Metals Creek drills 12.45 m of 4.39 g/t Au at Ogden

2017-01-11 08:22 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. INTERSECTS 4.39 G/T GOLD OVER 12.45 METERS AT THOMAS OGDEN GOLD ZONE

Metals Creek Resources Corp. has released final drill results from its recently completed diamond drill program targeted on expanding the Thomas Ogden gold zone (TOG), located in the heart of the Timmins gold camp. This program consisted of six holes (2,382 metres) and was successful in further defining the TOG zone and host stratigraphy. Results from the first hole, TOG-16-47, were outlined in a previous release dated Nov. 15, 2016, and included an intersection of 5.73 g/t (grams per tonne) gold over 8.2 m (metres). Highlights from the remaining five holes described in this release, included an intersection of 4.39 g/t over 12.45 m from hole TOG-16-48.

The property is held under a joint venture in which Metals Creek owns 50 per cent, and Goldcorp Canada Ltd. owns 50 per cent (as manager and on behalf of the Porcupine joint venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with the company being the operator of the project. The Ogden claims cover eight kilometres of strike length of the Porcupine-Destor fault between Goldcorp's 16.5-million-ounce Dome mine and Tahoe Resources' West Timmins mine. The vast majority of the Porcupine-Destor fault on the property is underexplored, compared with other properties in the Timmins gold camp.

TOG 16-48 was a 45 m undercut below previously released hole TOG 13-27 which intersected several zones of mineralization -- including a downhole intercept of 49.96 g/t gold over nine m (see news release dated April 10, 2013). Hole TOG 16-48 intersected the zone at a downhole depth of 199.95 m and assayed 4.39 g/t gold over 12.45 m. This intersection is typical of the TOG zone and is described as a strongly altered felsite and conglomerate characterized by strong albitization and silicification with associated disseminated pyrite, local arsenopyrite and visible gold.

Results from all drill holes in the recent program are included in the associated table.

        
Hole                        From           To        Interval          Gold
ID                           (m)          (m)            (m)*         (g/t)

TOG-16-47                  222.3        230.5            8.20          5.73
TOG-16-48                 199.95       212.40           12.45          4.39
TOG-16-49                 357.04       362.10            5.06          1.20
TOG-16-50                 191.68       196.50            4.82          0.46
and                        223.5        237.0            13.5          0.34
TOG-16-51                 604.32       605.32             1.0          1.03
TOG-16-52                  282.0        296.0            14.0          0.44

Note          
* Reported drill intercepts are not true widths. At this time there 
are insufficient data to calculate true orientations.

Commented Alexander (Sandy) Stares, president and chief executive officer of Metals Creek: "Management remains highly encouraged by these results as we continue to intersect high-grade gold mineralization over appreciable widths, within 10 km of Goldcorp's Dome mill complex. Each drill program adds to our understanding of the controls of the mineralization and will enable MEK to more effectively evaluate the down-plunge projection of the TOG zone as well as integrate the 15-40 zone located 500 m to the west of TOG, into the current geological model."

Metals Creek is currently compiling the data from the recently completed drill program and drilling is expected to recommence in February.

Drill sections and a drill plan map are available on the company's website.

All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ont. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the corporation's quality assurance/quality control protocol, approximately 10 per cent of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above one g/t gold are reanalyzed using a gravimetric finish and samples with fire assay results above five g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

Metals Creek has been accepted to participate in the Junior Exploration Assistance Program (JEAP) grant of up to 33.3 per cent of approved exploration expenses up to a maximum of $100,000 on the Ogden project. The company would like to thank the Northern Ontario Heritage Fund and the Ontario Prospectors Association for the opportunity to participate in this program.

Michael MacIsaac, PGeo, vice-president, 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

Metals Creek Resources is a junior exploration company that has earned a 50-per-cent interest in the Ogden gold property, including the former Naybob gold mine, located six kilometres south of Timmins, Ont., and has an eight-kilometre strike length of the prolific Porcupine-Destor fault that stretches between Timmins, Ont., and Val d'Or, Que. Metals Creek also recently made a new gold/silver discovery in the White Gold district on the Squid East project in Yukon, 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.

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