TORONTO, ONTARIO--(Marketwired - Oct. 17, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (Metals Creek or The Company) is pleased to announce that in light of a recent staking rush in central Newfoundland, the company has acquired by staking a 100% interest in 60 units (The Rogerson Lake claims) in central Newfoundland.
The Rogerson Lake claims are located adjacent to Marathon Golds Valentine Lake Project and is contiguous with, and lying on the same structure as Altius Minerals Corp.'s recently announced Alder gold zone discovery. These new claims are approx. 3 km west of the Alder and Birch zone discoveries made by Altius Minerals. In recent weeks over 5,000 claim units have been staked by various parties including Altius Minerals and Prospector Shawn Ryan. The staking is centred on the northeast trending Rogerson Lake Conglomerate which is interpreted to be an extension of the auriferous Cape Ray Fault zone to the southwest.
On Sept. 20, 2016, Altius Minerals announced the discovery of widespread and high-grade gold occurrences, including the Alder zone, northeast of the Valentine Lake deposits along the same structural trend hosting Marathon Gold Corp.'s (greater-than-one-million-ounce) Valentine Lake project.
In addition to the recently staked 60 units, Metals Creek holds the Staghorn Property, which hosts a number of prospective gold systems including the Woods Lake Zone, Ryan's Hammer and the Rich House occurrences. The Staghorn Property is located to the southwest of Marathon's Valentine deposit and covers approximately 62 km strike length of the same gold trend. This property is currently under option to Benton Resources, who is earning a 60% interest, with an option to increase to 70% interest (see press release 18 November 2014). Metals Creek and Benton Resources also own a 50/50 interest in 120 units staked subsequent to the option agreement.
Sandy Stares, President and CEO states: "The recent acquisitions by Altius, Shawn Ryan and others in central Newfoundland adds additional support to the prospectivity potential of the Cape Ray/Rogerson Lake gold trend. The recent discovery of the Alder gold zone is the latest in a number of significant zones outlined over a 200 km trend including Benton Resources Cape Ray deposits, Metals Creek's Staghorn Property zones and Marathon's Valentine Lake deposit. Metals Creek has been active in this area for over six years and continues to believe that the Cape Ray/Rogerson Lake gold trend in Newfoundland has many similarities to the Abitibi greenstone belt gold trends in Ontario and Quebec."
Metals Creek is currently compiling all historical data available and is planning to complete a phase 1 reconnaissance prospecting program in the coming weeks.
Wayne Reid (PGeo) is a director of the company and is responsible for the preparation of this News Release.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. 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% 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 (P-DF) that stretches between Timmins, Ontario and Val-d'Or, Quebec. Metals Creek has also recently made a new gold/silver discovery in the "White Gold District" on the Squid East project in the Yukon and is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under its 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.