Metals Creek Resources Acquires Additional Claim Units in Ogden Twp, Timmins, Ontario
(via Thenewswire.ca)
Toronto, Ontario - December 7, 2011. Metals Creek Resources Corp.
(“Metals Creek“, or the “Company“)(TSX-V: MEK),
is pleased to announce that it has agreed to purchase a 100% title
and interest in three claim units (approximately 120 acres or 48.56
hectares) in Ogden Township. The three units are contained in one
unpatented claim licence and is contiguous to the Company's flagship
property, the Ogden Gold Project in which Metals Creek can earn a 50 %
interest from Goldcorp Canada Ltd. and Goldcorp Inc. The Ogden
property covers an 8 km strike length of the Porcupine-Destor Fault
and hosts a number of mineralized zones including Thomas Ogden, Naybob
Mine and Porphyry Hill. The newly acquired property gives added
coverage to the immediate area around the Porphyry Hill Zone and is
located 1 km northwest of the Naybob Mine.
Under the terms of the agreement, Metals Creek will purchase the claim
units for a one time payment of $25,000 and issue 100,000 shares of
the Company to the vendor, who will retain a 1% Net Smelter Return
royalty (NSR).
The transaction is subject to the approval of the TSX Venture
Exchange.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is 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 can earn
a 50 % interest in the Ogden Gold Property, including the former
Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8
km strike length of the prolific Porcupine-Destor Fault (PDF) that
stretches between Timmins Ontario and Val'Dor Quebec. The Corporation
is also engaged in the identification, acquisition, exploration and
development of other mineral resource properties, and presently has
mining interests in Ontario and Newfoundland and Labrador. Additional
information concerning the Corporation is contained in documents filed
by the Corporation with securities regulators, available under the
company's profile at www.sedar.com.
“Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.“
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
WWW.metalscreek.com
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