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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 157,843,466
Close 2023-12-18 C$ 0.03
Market Cap C$ 4,735,304
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Metals Creek samples 13.1 g/t Au at Shabaqua Corners

2023-12-18 11:19 ET - News Release

Mr. Alexander Stares reports

METALS CREEK DISCOVERS NEW HIGH GRADE MINERALIZATION WITH ASSAYS TO 13.1 G/T GOLD 275 METERS SE OF MAIN ZONE ON SHABAQUA PROPERTY

Metals Creek Resources Corp. has made a new gold discovery while mechanical surface trenching 275 metres southwest of the Main zone on the Shabaqua Corners gold 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.

Prospecting activities during the summer and fall highlighted an area of anomalous gold values outside of the main gold-bearing trend, with gold assays ranging from 102 parts per billion (ppb) to 1,300 ppb from five grab samples. Subsequent mechanical surface trenching resulted in the discovery of high-grade gold mineralization with seven grab samples returning up to 13.1 grams per tonne (g/t) gold (Au) 275 m southwest of Main zone. This new discovery called the Anomalous zone (AZ) represents a new target area outside of the Main zone and Echo zone (see Metals Creek's news release dated Aug. 16, 2023) gold trends. Mineralization is hosted within carb-altered mafic volcanics with associated quartz-carbonate stringers and stockwork, and 0.25 per cent to 1 per cent disseminated pyrite. A second prospective area also discovered through prospecting, located 260 m southeast of the Anomalous zone, returned assays ranging from 23 ppb to 1,001 ppb from five samples. This second new zone of mineralization is hosted within a jasperitic iron formation with associated quartz stringers, and 5 per cent to 6 per cent disseminated and stringer pyrite. The discovery of these new zones of gold mineralization with associated alteration halos outside of the main gold trends adds to the exploration potential of the Shabaqua Corners gold property. Multiple pervasive carb-altered systems remain to be evaluated outside of the main gold trend, with associated untested gold-in-soil anomalies, as well as multiple untested gold-in-soil anomalies with associated pathfinder elements, that remain untested due to extensive overburden (note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property).

Alexander (Sandy) Stares, president and chief executive officer of Metals Creek, states: "Our crew has had tremendous success this past summer with numerous new discoveries being made through prospecting, soil sampling and mechanical trenching. These are the final results from this summers work and we look forward to continued success in the new year at the underexplored Shabaqua Corners gold property."

The eastern boundary of the property is located 1.57 kilometres west of Delta Resources drill hole DL-22-18, which returned an intercept of 5.92 g/t Au over 31 m (source: Delta's news release dated Oct. 31, 2022). Trenching conducted on Delta's ground 390 metres east of the property boundary returned an interval of 2.22 g/t Au over eight m (source: Delta Resources' website).

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

Michael MacIsaac, PGeo, and vice-president of 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.

Metals Creek also has multiple quality projects available for option which can be viewed on the company's website.

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