Metals Creek Resources Corp.


Address:  #329 - 1100 Memorial Ave.
Thunder Bay, Ontario
Canada P7B 4A3
Tel No.:  (709) 256-6060
Fax No.: (709) 256-6061
Web Site: 
Corporate Email: 
Contact Person: Sandy Stares 
Position:   President


Traded Market:  TSX-V 
Traded Symbol: MEK 
Outstanding Shares:  55,670,170 
52 Week High: $ 0.275 
52 Week Low:  $ 0.04 
Present Price: Click Here 

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Metals Creek Resources is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Metals Creek has a strong management and board focused on acquiring quality projects and enhancing shareholder value.


Metals Creek has six projects in Ontario and Newfoundland & Labrador. Four of which are gold focused and three projects are drill ready. The Company's flagship project is the Ogden gold project.

(1) Ogden Gold Project, Timmins Camp, Ontario

Metals Creek has signed an option joint venture agreement with Goldcorp to earn 50% in Ogden Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years. The Ogden Gold Property, including the former Naybob Gold Mine which has past gold production of 50,731 ounces of gold, located in the prolific Timmins Camp and 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault. The Ogden project has existing infrastructure including shaft from the past producing Naybob Mine and nearby Goldcorp's Dome Mill.

Between 3 and 8 km to the east of the Metals Creek option, gold production has exceeded 22 million ounces from 6 mines. This includes the 16 million ounce plus Dome Mine and Mill complex owned by Goldcorp. Lake Shore Gold, located 10 km on strike to the west has initiated gold production with an Indicated Mineral Resource of 1,291,000 ounces. Naybob property has similar style mineralization, grade and widths as Lake Shore.

Project highlights:
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  • 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.

  • Deep drill target down plunge from known mine workings including the following drilling intersections: (Naybob North Zone)

    • 4.88 m @ 9.53 g/t Au

    • 4.12 m @ 12.13 g/t Au

  • Property is vastly underexplored with 9 porphyry targets identified to date and 3 zones with significant gold intercepts.

  • Similar geology to West Timmins Mining's Rusk Zone 10 km to the west. Discovery of 64.4 g/t gold showing at Porphyry Hill. Porphyry Hill is one of several high priority drill targets on the Ogden Property.

  • Completed 2,000 m diamond drill program testing the down plunge extension of the Naybob deposit with drill intercepts of 9.24 g/t Au over 6.61 m with visible gold within Naybob South Stratigraphy.

  • Metals Creek commenced a 2,000 metre diamond drill program on the Ogden property in November 2009.

(2) Dogpaw Lake Gold Project, Cedartree Area, Northwestern Ontario

Metals Creek has an option joint venture agreement with Endurance Gold, in which the Company has earned a 75% interest in the Dogpaw Lake property. The Dogpaw Lake project is located within the Kenora Mining District in northwestern Ontario.
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  • Prospective IP chargeability anomalies with associated gold mineralization up to 23 g/t within a sericite schist

  • Multiple surface showings with grabs up to 95 g/t

  • Nuinsco's Cameron Lake deposit lies 12 km southeast of the Dogpaw Lake property along the Cameron Lake fault

  • Significant land position within Cedartree / Cameron Lake gold play

  • Completion of recent prospecting program within the Stephens Lake and Flint Lake Area resulting in 27 percent of the samples assaying over 1 g/t gold. Visable gold noted in Flint Lake Area, assayed up to 720 g/t gold.

  • Discovery of 3 new gold showings within the Stevens Lake Stock with assays up to 18 g/t gold

  • In one of the new discoveries, exposed mineralization is found to be approximately 10 m in width on surface with assays ranging from 2.1 g/t gold to 18.56 g/t gold from 7 samples.

  • Strongly carbonatized North South Structures, approximately 50 metres wide, with associated pyrite mineralization.

  • Further work is required to delineate the extent of mineralization at Flint Lake including line cutting, geological mapping and ground geophysics.

(3) Tilt Cove Gold Project, Northern Newfoundland

The recently acquired Tilt Cove Project lies on the eastern side of the Baie Verte Peninsula in northern Newfoundland. The Baie Verte Peninsula is host to a number of gold and base metal deposits.metals4.jpg (42010 bytes)

  • Claims cover a portion of the Betts Cove Ophiolite Complex which hosts two Cu-Au past producers at Tilt Cove and Betts Cove and is adjacent to the Nugget Pond Gold Mine and Mill. The mill is still operating.

  • Tilt Cove Mine produced a total of 8,160,000 tonnes of ore, grading 1% to 12% Cu, and the Betts Cove Mine, reported produced 118,500 tonnes of ore grading 10% Cu.

  • New platinum group elements (PGE) discovery with grades up to 11.4 g/t palladium, 3.0 g/t platinum, 0.93% nickel and 1.86% copper.

  • 3 m Channel 7.5 g/t Pd, 1.61 g/t Pt, 0.263 g/t Au, 0.94% Cu and 0.66% Ni on new PGE discovery.

  • Future work will include drilling, prospecting, mapping and geophysics in late 2009 or 2010. Evaluation of 80,000t stockpile.

(4) Staghorn Gold Project, Southwestern Newfoundland

The Company's 100%-owned Staghorn Property is located in southwestern Newfoundland, approximately 60 km southeast of the seaport of Stephenville.

  • Past work has identified three gold showings with values up to 65 g/t Au

  • The Main Showing at Wood Lake consists of disseminated arsenopyrite and pyrite within a wide, altered felsic porphyry

  • Good potential for high tonnage, lower grade deposit

  • Two holes within South Wood (Main) Zone had 1.47 g/t Au over 22.5 m and 0.23 g/t Au over 52.9 m

  • $100,000 JCEAP grant received for Staghorn Project

  • Wood Lake Gold Zone is outlined as a magnetic low, greater than 1,000 metres long and is open in all directions

  • Recent prospecting resulted in discovery of 196.7 g/t angular quartz vein float containing pyrite and arsenopyrite

  • Prospecting on the Staghorn Property has led to the identification of a new broad zone - the Glimmer Lake Prospect with elevated gold values up to 1.6 g/t.

  • Drilling on the Staghorn Property commenced in November 2009

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Management and Directors

Alexander (Sandy) Stares, President and CEO

Mr. Stares has in excess of 12 years experience in mineral exploration, spanning a variety of Canadian geological terraines. He has discovered numerous major mineral occurrences in Canada and abroad.

Michael Maclsaac, B.Sc., P.Geo., VP Exploration
Mr. Maclsaac brings over 20 years of exploration and management experience. His vast experience entails both grass roots and advanced projects across Canada.

Wayne Reid, P.Geo., VP Corporate Development and Director
Mr. Reid has 30 years plus experience in exploration and mining industry. Most recently he was VP Exploration for Ucore Uranium.

Nick Tsimidis, CA, CFO and Director
Mr. Tsimidis has been a chartered accountant since 1993, and is the Chief Financial Officer of First Canadian Capital Markets.

Richard Nemis, B.A., LL.B, Director
Mr. Nemis has been involved in the junior resource sector for the past 40 years and has been directly involved in a number of deposit discoveries.

Michael Stares, Director
Mr. Stares has been a successful entrepreneur. Mr. Stares' background comes from 18 years of prospecting.


On September 1, 2010, Metals Creek Resources Corp. provided assay results from the recently completed prospecting program on its 100% owned Panama Lake property in Northwestern Ontario. This prospecting program returned assay results from surface grab samples ranging from 0.005 g/t to 13.33 g/t Au from within the previously mentioned quartz flooded zone.

The Company is currently compiling all historic data for the purpose of planning future exploration programs.

On August 27, 2010, Metals Creek Resources Corp. announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 6, 2010.

Number of shares: 3,532,229 flow-through shares and 4.12 million common shares
Purchase price: 14 cents per flow-through share and 12 cents per common share

On August 24, 2010, Metals Creek Resources Corp. announced that the Company has received assay results from a recently completed prospecting program on its Dogpaw Lake Property. The results (up to 3.28 oz/t) illustrate the high grade nature of the Dogpaw Lake property which now hosts a number of discrete gold zones which are being advanced to a drill testing stage.

On June 8, 2010, Metals Creek Resources Corp. released assay results from the first 4 holes from the recently completed 10-hole diamond drill program on its Ogden gold project in Timmins, Ontario. Metals Creek intersects 4.89 g/t gold over 3.05 metres and 1.03 g/t gold over 22.5 metres at Naybob South Zone on the Ogden property.

On April 29, 2010, Metals Creek Resources Corp. announced the assays results from the recently completed diamond drill program on its Ogden Gold Project in Ontario. Five holes were drilled totalling 2,129 meters. Results include 5.68 g/t gold over 7.0 m and discovers a new gold zone.

On December 7, 2009, Metals Creek Resources Corp. announced that it has extended its investor relations agreement with First Canadian Capital Corp. and has granted to them 175,000 incentive stock options.On December 3, 2009, Metals Creek

 Resources Corp. announced that it has received assay results from the first two drill holes completed at its Staghorn gold property in Newfoundland. Highlights of the first two drill holes includes a down hole intercept of 1.37 g/t gold over 26.31 metres, including 6.18 g/t gold over 5.11 metres from drill hole DDH ST09-002. Drill hole DDH ST09-001 returned a down hole intercept of 0.403 g/t gold over 24.86 metres.

On November 4, 2009, Metals Creek Resources Corp. announced the commencement of a 2,000 metre diamond drill program on its Ogden Gold Property in Timmins, Ontario. This drill program will test the continuity and down plunge extension of the Naybob South and Thomas Ogden gold mineralization as well as several high priority drill targets including Porphyry Hill.

On November 3, 2009, Metals Creek Resources Corp. announced the commencement of drilling on its Staghorn Property in Newfoundland. This drill program will consist of approximately 16 drill holes totalling 1,700 metres testing the Wood Lake Gold Zone.


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