Metals Creek Resources (TSX-V: MEK)
The Best Place to Look For Gold is in the Shadow of Headframes
Message: METALS CREEK REPORTS AIRBORNE AT SENECAL LAKE CU-NI-PGM PR
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TSX-V: MEK METALS CREEK RESOURCES CORP. |
METALS CREEK RESOURCES REPORTS COMMENCEMENT OF AIRBORNE AT SENECAL LAKE CU-NI-PGM PROJECT
Toronto, 06 August 2014. Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) has been informed by White Metal Resources (TSXV: WHM) that its Joint Venture Partner Platinum Group Metals (“PTM”) intends to fly an electromagnetic survey over the Senecal Lake property located in Southwest Labrador. The Airborne survey will commence in the coming weeks and once all data is compiled a crew will be mobilizing to the property for follow up prospecting and sampling on favorable anomalous responses.
On January 22, 2014, White Metals entered into an agreement whereas it has optioned two claim blocks totaling 210 claim units from Metals Creek Resources (See news release dated 22 January 2014). The terms of this deal are that White Metals have issued Metals Creek a total of 500,000 Shares for 100% ownership of the claims. Metals Creek will retain a 1% NSR of which 0.5% can be purchased at any time for $500,000. As part of this agreement, Metals Creek also acquires a 1% NSR on certain adjacent mineral claims owned by White Metals of which WHM will have the right to buy back 0.5% for $500,000.
The Senecal Lake Property is adjacent to Altius Minerals Corp’s Natashquan Property in which Altius previously announced the discovery of Cu-Ni-PGE mineralization. Altius has since entered into a Joint Venture Agreement with Anglo American.
Michael MacIsaac, P.Geo and VP 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.
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.
On Behalf Of the Board Of Directors
Metals Creek Resources Corp.
Alexander Stares, President and CEO
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
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