TORONTO, Feb. 24 /CNW/ - Metals Creek Resources Corp. (the "Corporation",
TSXV: "MEK") is pleased to provide an update on it's Ogden gold property in
the Ogden and Deloro Townships, located approximately 6 km south of Timmins,
Ontario (the "Property"). The project is an Option Agreement (the "Agreement")
with Goldcorp Canada Ltd. and Goldcorp Inc. ("Goldcorp") to jointly explore
Goldcorp's Ogden gold property. The Corporation and Goldcorp had previously
released details of this Agreement on December 2, 2008.
The claims cover 8 km of strike length along a portion of the
Porcupine-Destor Break and six large past gold producers are within 3 to 8 km
along strike to the east of the Ogden claims. These include the Delnite
(920,000 oz), Aunor (2,502,000 oz), Buffalo-Ankerite (957,000 oz), Paymaster
(1,192,000 oz), Preston (1,539,000 oz) and Goldcorp's producing Dome Mine
(plus 15,800,000 oz) (Source: Government of Ontario, MNDM, Gold Production in
the Timmins Resident Geologist's District to the end of 2006). Recent
discoveries in the district include Lake Shore Gold's Timmins West Project,
located 10 km to the west of the Property, along the same gold trend. This
project is the focus of shaft sinking and underground development to access an
Indicated Mineral Resource of 1,291,000 oz (Source: NR, TSX:LSG, Nov. 20,
2006).
The data compiled thus far on the Property has identified 3 historic
zones of gold mineralization, including the Thomas Ogden Zone, the Naybob
South Zone and the Naybob North Zone. Both the Naybob South and Naybob North
Zones have seen differing degrees of development and production which includes
historic production of 50,731 oz of gold (Source: Government of Ontario, MNDM,
Gold Production in the Timmins Regional Resident Geologist's District to the
end of 2006). The Naybob North Zone was the focus of underground development
down to 411m, including 11 levels, with the majority of the production
occurring within the upper 6 levels. The Naybob South Zone is located
approximately 155m to the south and sub-parallel to Naybob North Zone and has
seen substantially less development. The Thomas Ogden Zone is located 4 km
west of the Naybob mine.
Drilling in the past has been wide spaced and shallow with most of the
drilling concentrated near the Naybob Mine and a cluster of shallow holes in
the Thomas Ogden Zone. Outside of these two areas has seen very little
exploration drilling. A linear 4km prospective IP (Induced Polarization)
ground geophysical anomaly has been identified over a majority of the 4 km
between the two zones and remains relatively untested and adds to the
exploration potential for additional resource discovery on the property.
Compilation of historical data has highlighted a highly prospective drill
target down plunge of the Naybob North mine workings. This target is the
continuation of gold mineralization mined within the upper levels of the
Naybob Mine.