Metals Creek Resources (TSX-V: MEK)
The Best Place to Look For Gold is in the Shadow of Headframes
Message: Metals Creek provides update on Blackflake West Graphite
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METALS CREEK RESOURCES CORP.
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Metals Creek Resources provides update on Blackflake West Project
Toronto, Ontario, 14 October 2014 - Metals Creek Resources (TSX-V:MEK) has been advised by its’ option joint venture partner Xmet Inc. (“Xmet” or the “Company”) (TSXV-XME) that it has staked and acquired a 100% interest in 10 claim units on the northern boundary of the Blackflake West property. These claims appear to host a northern extension of Blackflake West’s ‘All Channel’ Electromagnetic graphite target originally discovered by Metals Creek Resources (See MEK News Release dated 26th of March 2014).
Upon reviewing the data received from the recently flown VTEM survey announced September 29, 2014, the Blackflake West’s All Channel Electromagnetic graphite target appears to have a northern extension prompting XMET to acquire through staking 10 additional claim units on the north edge of this anomaly. Management with MEK is highly encouraged by the size and strength of the Blackflake West All Channel conductive response and look forward to the initiation of the ground geophysical Induced Polarization (IP) survey to help further define the nature and orientation of this conductive response. Results from this IP survey which is scheduled to begin shortly, will also aide in determining the preferred orientation in which to drill this exciting new target.
As per the original agreement dated 22 May 2014 Between Xmet and Metals Creek, MEK has sixty days to determine whether it wants to acquire a 50% interest in the newly staked claims for reimbursement to XMET of 50% of the acquisition cost.
Xmet Inc. has the option to earn a 50% interest (see news release May 22, 2014) in the Blackflake West (Feagan Lake) Graphite Project by paying an aggregate of $20,000 plus issue up to 3,000,000 common shares and incur exploration expenditures in the amount of $885,000 within a three year period. In order to earn the additional 10% interest, Xmet must pay $100,000 plus issue 1,500,000 common shares within 90 days of earning 50% and incur exploration expenditures of $1,000,000 in year four.
Michael MacIsaac, P. Geo, VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for the preparation of this 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. The Corporation also has an Option/Joint venture agreement with Xmet Inc. on the Blackflake West, (Feagan Lake) graphite property, west of Zenyatta Resources. 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.
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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