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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 149,612,266
Close 2023-06-21 C$ 0.03
Market Cap C$ 4,488,368
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Metals Creek identifies second Au zone at Shabaqua

2023-06-21 11:41 ET - News Release

Mr. Alexander Stares reports

METALS CREEK DISCOVERS SECOND ZONE OF GOLD MINERALIZATION ON THE SHABAQUA CORNERS GOLD PROPERTY

Metals Creek Resources Corp. has discovered a second zone of gold mineralization through prospecting on its recently acquired Shabaqua Corners property.

The property is located within the Shebandowan greenstone belt, approximately 54 kilometres west of Thunder Bay, Ont., near Shabaqua Corners and on trend to Delta Resources' Delta 1 project. The property has seen very little exploration work.

This round of field activities on the Shabaqua Corners gold property concentrated on areas outside of the main zone mineralization, which is hosted within an east-west-trending zone of silicification, pyritization and pervasive carbonate alteration (see news release dated May 25, 2023). Nine samples were collected 235 metres northwest of the main mineralized zone, with assays ranging from 0.084 gram to 3.45 grams per tonne (g/t) gold (Au). Gold mineralization is hosted within an altered conglomerate with associated quartz-carbonate veining and local stockwork striking roughly the same orientation to that of the main zone. Alteration consists of pervasive iron carbonate with strong silicification and mineralization entails trace to 5 per cent disseminated to stringer pyrite with trace arsenopyrite and galena also present. An exploration permit has been applied for so trenching in this and other areas on the property can take place when the permit is received (note: the surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property).

Prospecting and geological mapping are continuing with the aim of further delineating known gold mineralization along strike as well as continuing to evaluate other portions of the property. Metals Creek is targeting potential parallel gold-bearing structures as demonstrated within other projects within the Shebandowan greenstone belt.

Alexander (Sandy) Stares states: "These assay results confirm the presence of gold mineralization outside of the known historical gold mineralization. Permits have been applied for and we are excited to begin trenching prospective targets once permits have been received."

The eastern boundary of the property is located 1.57 kilometres (km) west of Delta Resources drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31 m. Trenching conducted on Delta's ground 390 m east of the property boundary returned an interval of 2.22 g/t Au over eight m.

All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish.

Michael MacIsaac, PGeo and 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 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 from Newmont Corp., including the former Naybob gold mine, located six km south of Timmins, Ont., and has an eight km strike length of the prolific Porcupine-Destor fault (P-DF). In addition Metals Creek owns and/or has option agreements in place to acquire a 100-per-cent interest in claims in the Shabaqua Corners area of Northwestern Ontario.

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