Metals Creek Resources Corp. Announces Initiation of Airborne Radiometric and Vtem Survey on Gabbro Lake Project, Western Labrador
Metals Creek Resources Corp. (the “Corporation”) (TSX-V: MEK) is pleased to announce the commencement of an airborne radiometric, magnetic and EM survey on the Company’s Gabbro Lake Uranium property in the Sims Basin area of Western Labrador. Metals Creek is a 50% joint owner with Golden Dory Resources in the 407 claim (10,175 hectares) Gabbro Lake property. The claims lie approximately 130 kilometres northeast of Labrador City, NL and are currently accessed by fixed-wing or rotary-wing aircraft. The Trans Labrador Highway is located ten km north of the claims.
The Sims Ridge Property area has been described by the Newfoundland and Labrador Department of Natural Resources as geologically analogous to the Athabasca Basin and therefore possibly prospective for unconformity type uranium deposits. The property is underlain by a sequence of Proterozoic sediments, the Sims Formation, which is comprised of conglomerate, arkose and quartzite, which overlies deformed metasedimentary rocks of the Paleoproterozoic Labrador Trough.
Limited work in the early 1980s by Labrador Exploration and Mining identified a boulder train of radioactive float assaying up to 0.18 % U3O8 (historical in nature and not verified by Metals Creek). The source of the mineralized float has not been determined. The project is being funded 50% by Golden Dory Resources and 50% by Metals Creek Resources who are the project operator.
Wayne Reid, PGeo, Vice President of Corporate Development for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for, and supervised the preparation of this release.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is 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.” The Corporation is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company’s profile at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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For further information, please contact: Alexander (Sandy) Stares President and CEO Metals Creek Resources Corp. telephone: (709)-256-6060 fax: (709)-256-6061 email: Email Contact
SOURCE: Metals Creek Resources Corp.