Welcome!

News Feed Item

Metals Creek Resources Reports 81.75% Silver Recovery in Addition to Previously Reported 92.0% Gold Recovery from Bottle Roll Tests Completed on Samples from Squid East Project, Yukon

TORONTO, ONTARIO -- (Marketwired) -- 02/26/14 -- Metals Creek Resources Corp. (TSX VENTURE: MEK) (the "Company" or "Metals Creek") reports silver results from bottle roll cyanide extraction test work, reporting an average of 81.75% silver recovery from drill core and trench samples at the Squid East project. Previously, Metals Creek reported bottle roll tests averaging 92% gold recovery from the same zone. (See news release dated 14 January 2014).

The analysis was carried out to provide preliminary metallurgical information on MEK's new gold-silver discovery located in west central Yukon. This new discovery included values of 1.96 grammes per tonne (g/t) gold and 160.6 g/t Ag over 22.0 meters from trenching and 1.55 g/t gold and 114.1 g/t Ag over 21.0 m from subsequent drilling (see MEK press releases dated August 6, 2013 and October 8, 2013). The recent precious metal results enhances the potential of the zone and the possibility for a near surface bulk tonnage gold/silver system. The mineralized zone is characterized as a highly weathered sericite schist with associated porphyritic sections and remains completely open both along strike and down dip. Additionally, the thickness of the zone has not been ascertained as the three holes which intersected the zone all collared in mineralization. This new discovery, located in the northwest extension of the White Gold District, is within the unglaciated portion of the Yukon, proximal to an existing placer mine and trail accessible.

The silver results, reported here, were obtained from four samples collected from drill core and channel samples. The bottle roll cyanidation process confirmed that the silver recovery in these samples averaged 81.75% indicating that the weathered material could potentially react well to leach extraction methods. Silver recoveries for these four samples ranged from 60.6 to 92.6% and averaged 81.75%. Silver grades for these four samples ranged from 53.7 g/t to 158 g/t. Table 1, below, details the silver results.

Table 1. Bottle Roll Cyanidation Performance (Silver)


---------------------------------------------------------------------------
                        P80                        Calc.
Test                  micro-  NaCN   Measured      Head  Recovery   Residue
No     Sample ID     meters    g/L    Ag (g/t)  Ag (g/t)    Ag (%)  Ag (g/t)
---------------------------------------------------------------------------
C7     1308705           95    1.0        138     163.5      89.7      16.9
---------------------------------------------------------------------------
C8     SE13-01-006      182    1.0       53.7      51.5      60.6      20.3
---------------------------------------------------------------------------
C9     SE13-02-005      174    1.0       81.6      80.5      84.1      13.0
---------------------------------------------------------------------------
C10    SE13-02-015       96    1.0        158     161.8      92.6      12.0
---------------------------------------------------------------------------

In a news release dated 14 January 2014, Metals Creek reported gold recoveries for six samples which ranged from 83.8 to 95.7% and averaged 92% overall. Gold grades for these six samples ranged from 0.71 grammes per tonne (g/t) Au to 9.99 g/t Au. The following table details those results.

Table 2. Bottle Roll Cyanidation Performance (Gold)


---------------------------------------------------------------------------
                        P80                        Calc.
Test                  micro-  NaCN   Measured      Head  Recovery   Residue
No     Sample ID     meters    g/L    Au (g/t)  Au (g/t)    Au (%)  Au (g/t)
---------------------------------------------------------------------------
C1     1308701           80    1.0       8.55      8.18      95.7      0.35
---------------------------------------------------------------------------
C2     1308707           89    1.0       2.53      2.76      91.0      0.25
---------------------------------------------------------------------------
C3     SE13-001-005      86    1.0       1.95      1.98      93.2      0.14
---------------------------------------------------------------------------
C4     SE13-002-007     106    1.0       0.71      0.68      83.8      0.11
---------------------------------------------------------------------------
C5     SE13-002-008     103    1.0       9.99      8.36      95.1      0.41
---------------------------------------------------------------------------
C6     SE13-002-013     101    1.0       1.76      1.58      93.4      0.11
---------------------------------------------------------------------------

Alexander (Sandy) Stares, President & CEO of Metals Creek Resources, stated, "We are highly encouraged with the precious metal recoveries obtained from the strongly weathered host rock at Squid East. These positive results help enhance the potential of the mineralization and reinforce management's high regard for the project."

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.

The samples were comprised of reject material from the above noted core and channel samples which were delivered to Inspectorate Exploration & Mining Services Ltd. of Vancouver, B.C. The silver assays were obtained utilizing a standard fire assay with an atomic absorption finish. The bottle roll cyanidation process entailed grinding to 105 micrometers and leaching for 72 hours at 40 wt% solids in 1.0 g/L NaCN based on a 300g sample size.

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". The Ogden Property is held under a joint venture in which Metals Creek owns 50% and is the operator, and Goldcorp Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and is located 6 km south of Timmins, Ontario. Metals Creek also holds approximately 15% interest in Sokoman Iron Corp. (TSX VENTURE: SIC). The Corporation has also recently made a new gold/silver discovery in the "White Gold District" on the Squid East project in the Yukon. Metals Creek is 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.

MetalsCreek.com

Twitter.com/MetalsCreekRes

Facebook.com/MetalsCreek

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...