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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 56,262,935
Close 2018-06-19 C$ 0.05
Market Cap C$ 2,813,147
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Metals Creek samples up to 6,280 ppb Au at Garrison

2018-06-20 09:20 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES COMPLETES DUE DILIGENCE VISIT ON 10 PATENTED MINING CLAIMS IN GARRISON TOWNSHIP

Metals Creek Resources Corp. has completed a due diligence visit to the 10 patented mining claims in Garrison township, approximately 35 kilometres north-northeast of Kirkland Lake, Ontario. The patents are contiguous with Osisko Mining to the west, south and east and contiguous with Kirkland Lake Gold to the north. (See map on the company's website.)

During the due diligence, representatives of the company collected 16 selective rock grab samples that were submitted for gold analysis. Assay results range from seven parts per billion (ppb) gold up to 6,280 ppb gold, with 62.5 per cent of the samples returning in excess of one g/t (gram per tonne) gold (see attached table). Mineralization was traced for 307 metres, consisting of 1 to 15 per cent disseminated pyrite with local galena and chalcopyrite. The host rock is strongly albitized mafic volcanics with associated quartz veining and stockwork.

Sample No.   Gold in ppb

GAR18-01           4,600    
GAR18-02           2,650    
GAR18-03           1,520    
GAR18-04           2,900    
GAR18-05           6,280    
GAR18-06               7     
GAR18-07             421    
GAR18-08           2,280    
GAR18-09             190    
GAR18-10             918    
GAR18-11             798    
GAR18-12           1,190    
GAR18-13           3,500    
GAR18-14             505    
GAR18-15           4,690    
GAR18-16           3,830    

Metals Creek can earn a 100-per-cent interest in the patents by making cash payments totalling $310,000 over a period of four years following the execution of the LOI. The vendors will retain a 2-per-cent net smelter royalty, of which the company can purchase 1 per cent for $1-million. This agreement is subject to a 30-day due diligence period by the company.

Alexander (Sandy) Stares states: "The due diligence visit clearly confirms gold mineralization on the Garrison patents. Metals Creek is actively planning a grid for the purpose of conducting a ground geophysical survey over the area and followed by detailed mapping and prospecting with the intention of prioritizing targets for diamond drilling."

The surface grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property.

In conjunction with the work program planned for the Garrison property, the company announces a private placement to cover costs associated with the planned work. The company is offering, by private placement, up to one million non-flow-through units at a price of five cents per unit, and up to 2.5 million flow-through units at a price of six cents per unit, for aggregate gross proceeds up to $200,000.

Each non-flow-through unit issued in the private placement will consist of one common share and one common share purchase warrant, each warrant entitling the holder to acquire one common share at an exercise price of 10 cents for a period of 24 months following the issuance date.

Each flow-through unit issued in the private placement will consist of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to acquire one common share at an exercise price of 10 cents for a period of 24 months following the issuance date.

Arm's-length third parties assisting in the private placement will be entitled to cash commission equal to 6 per cent of gross proceeds raised and broker warrants equal to 8 per cent of placed securities (each broker warrant entitling the holder to acquire one common share of the corporation for 10 cents for a period of 24 months following the issuance date of the units).

The above-mentioned private placement is subject to exchange approval.

About Metals Creek Resources Corp.

Metals Creek Resources 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. Metals Creek 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 km strike length of the prolific Porcupine-Destor fault (P-DF) that stretches between Timmins, Ont., and Val d'Or, Que.

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