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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 24,686,603
Close 2016-03-11 C$ 0.11
Market Cap C$ 2,715,526
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Metals Creek to request revision to Ogden drill program

2016-03-11 20:11 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. OGDEN GOLD PROPERTY EXPLORATION UPDATE

Metals Creek Resources Corp. is preparing to submit to its joint venture partner Goldcorp Canada Ltd. a revision to its drill program on the Ogden gold project in Timmins, Ont.

The Ogden claims cover eight kilometres of strike length of the Porcupine-Destor fault between Goldcorp's 20-million-ounce Dome mine and Lake Shore Gold's West Timmins mine. The property is held under a joint venture in which Metals Creek owns 50 per cent, and Goldcorp owns 50 per cent (as manager and on behalf of the Porcupine joint venture, a joint venture between Goldcorp Inc. and Goldcorp Canada), with Metals Creek being the operator of the project.

In a news release dated March 4, 2016, the company announced a step-out hole (OG16-040) that has demonstrated the presence of high-grade gold mineralization west of the Thomas Ogden zone (TOZ). Other than a historical hole on the same section as OG16-040, the Thomas Ogden West stratigraphy remains untested for an additional 1.5 kilometres west of TOZ. As a result of this discovery, management is in the process of revising the previously announced 3,500-metre program (see news release dated Dec. 8, 2015) to include additional holes in the Thomas Ogden West stratigraphy, which remains untested for an additional one kilometre west of hole OG16-040, which includes a 500-metre untested induced polarization (IP) geophysical anomaly. The geophysical signature of this untested anomaly has similar characteristics to that of the Thomas Ogden zone.

Drilling will resume in the Thomas Ogden West area once the revisions have been submitted and approved.

The company also announces that it has granted 1,285,000 stock options to directors, officers, employees and consultants of the corporation. All such options will have a term of three years at an exercise price of 11 cents per share, will be governed by the terms and conditions of the corporation's stock option plan, and will be subject to vesting provisions.

Michael MacIsaac, PGeo, vice-president of exploration for the company, 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.

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