Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
TORONTO, ONTARIO–(Marketwire – Nov. 16, 2012) – Metals Creek Resources Corp. (the “Corporation”) (TSX VENTURE:MEK) is pleased to announce the recommencement of diamond drilling on the Ogden Property in the Timmins Gold Camp, Ontario. This next phase of drilling will be a modest (minimum 1200 meter) program targeted on the Thomas Ogden Zone only. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp’s Dome Mine and Lake Shore Gold’s West Timmins development project. Metals Creek and Goldcorp Canada Ltd. and Goldcorp Inc. (Goldcorp) have recently formed a 50/50 joint venture on The Ogden Gold project.
Drilling earlier in 2012 had partially defined shallow gold mineralization at the Thomas Ogden Zone with a number of very impressive intersections which were previously press released (see press releases dated 03 and 16 of April, 2012 and 15 May, 2012). Highlights from the previous 2012 drilling at Thomas Ogden are outlined in the table below:
| Drill Hole Number | Meters From | Meters to | Total Meters | Gold g/t (Grammes per tonne) |
| TOG 12-03 | 90.50 | 118.00 | 27.50 | 1.14 |
| and | 148.00 | 171.30 | 23.30 | 5.73 |
| TOG 12-04 | 137.10 | 152.00 | 14.90 | 2.02 |
| and | 188.30 | 191.30 | 3.00 | 8.26 |
| TOG 12-05 | 141.30 | 185.00 | 43.70 | 2.34 |
| including | 170.00 | 185.00 | 15.00 | 5.04 |
| TOG 12-06 | 146.60 | 162.87 | 16.27 | 5.83 |
| TOG 12-08 | 70.00 | 117.20 | 47.00 | 1.94 |
| and | 155.00 | 172.00 | 17.00 | 3.75 |
| including | 156.00 | 159.00 | 3.00 | 17.49 |
Results from the drill program will be released as they are received and compiled.
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.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a well-funded 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 have recently formed a 50/50 joint venture with Goldcorp, to continue exploring the Ogden Gold property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario. MEK will be the operator and subsequent programs will be funded on a 50/50 basis while both companies contribute its share of required funding in the Ogden Gold Property. The Corporation 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.
