Welcome!

News Feed Item

Iron Creek Provides Update on Kinross Minera Chile Limitada's Exploration Activities at the Las Pampas Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Iron Creek Capital Corp. (TSX VENTURE: IRN) ("Iron Creek") is pleased to provide an update on Kinross Minera Chile Limitada's ("Kinross") exploration activities at Iron Creek's Las Pampas project in northern Chile.

Over the last three months, geological mapping by Kinross confirmed potential for Au-Ag veins along the Cerritos Trend and possibly Acarreos, and identified a new area of interest at the southern end of the property at Cerro Jarosita. Kinross also continued sampling activities started by Iron Creek and submitted samples to laboratories. Kinross plans to continue detailed geological mapping, trenching and rock chip sampling at Las Pampas, located to the south of Yamana Gold's (TSX: YRI) El Penon and Fortuna mines.

Kinross is a wholly owned subsidiary of Kinross Gold Corp. (TSX-TO: K) and has the sole and exclusive option and right to acquire up to a 75% undivided interest in Iron Creek's Las Pampas mining concessions located in northern Chile by complying with the terms and conditions set out in the Option Agreement (the "Agreement") signed in April 2014. Further details of the Agreement can be found in Iron Creek's news releases dated August 8, 2013 and April 14, 2014.

Update on Exploration Activities at Las Pampas

Since signing the Agreement Kinross has set up a field base out of the northern port city of Antofagasta in order to support field activities at Las Pampas. Some 3,200 soil/colluvial samples, previously collected by Iron Creek, were submitted to the ALS analytical laboratory in La Serena. These soil/colluvial samples were part of an infill programme covering an approximately 10Km x 2Km arsenic and antimony anomaly along the Cerritos Trend highlighted from previous regional sampling campaigns undertaken by Iron Creek. Further, over 400 soil/colluvial, rock chip and float samples collected by Kinross from the project area were also sent for geochemical analysis. Kinross has also completed detailed geological mapping campaigns over parts of the project area, using both in-house and consultant geologists, including an analysis of the structural framework and hydrothermal alteration patterns.

Preliminary results from the geological mapping to date have confirmed the importance of the Cerritos Sur, Cerritos Norte, Cerros Bayos series of low hills as having prospectivity for Au-Ag veins. The hills represent a series of small, uplifted fault blocks that lie along one of the principal geochemical anomalies within the project area - the "Cerritos Trend" - mostly defined by arsenic and antimony anomalies - two of the key pathfinder elements in epithermal, low sulphidation vein systems.

Cerritos Sur:

A key area previously identified by Iron Creek geologists showing a distinct consistency in the continuity of veins that appear to be of Epithermal Low Sulphidation to Intermediate Sulphidation type, coinciding with broad areas of vein float and the presence of hydrothermal breccias. Minor gold and silver drill intercepts were previously reported by Iron Creek in this area.

Cerritos Norte:

Continuous, narrow, sub-parallel quartz veins are present at Cerritos Norte, and wide drill intercepts of anomalous silver with sporadic gold were previously reported by Iron Creek from this area. Kinross concludes that more mapping is recommended to try and develop further potential.

Cerros Bayos:

Surficial sinter and/or chalcedonic silica replacement of volcano-sedimentary units at Cerros Bayos may be related to targets further to the east.

The Acarreos area is characterised by significant arsenic and lesser antimony soil/colluvial anomalies from previous work carried out by Iron Creek, together with several areas of quartz vein float, thought to indicate possible underlying vein potential.

Acarreos Sur:

Kinross geologists have noted gossanous jarosite-silica alteration associated with high arsenic anomalies. The alteration anomaly can be seen consistently in a narrow, elongate zone some 50m x1200m in size and which has been interpreted as the weathered expression of sulphide rich feeders.

Kinross geologists have carried out transects and more detailed mapping on 100m line spacing traversing the breadth of the Las Pampas concessions around the target areas identified by Iron Creek. A new area of interest has been discovered at Cerro Jarosita, at the southern end of the property.

Cerro Jarosita:

This target area consists of a hydrothermal alteration footprint covering approximately 1.2Km x 0.3Km, displaying pervasive opaline silica replacements with associated iron-oxide boxworks and oxidized sulphide veinlets. Initial interpretations suggest the possibility of encountering the shallow exposure levels of epithermal veins.

Kinross plans to continue the detailed geological mapping already initiated, complemented by additional trenching and rock chip sampling of altered outcrops. A consultant geochemist will also be contracted to help interpret the voluminous geochemical data available for the project.

About Las Pampas Property

Iron Creek's 100% owned Las Pampas Property is an approximately 50,000 hectare land package located in an exceptional position along the highly prospective Palaeocene mineral belt in northern Chile. The property is centred along strike and approximately 35Km southwest of the multi-million ounce gold and silver mining district at El Penon and related deposits. Previous exploration activities by Iron Creek and its previous partners, including drilling, have returned excellent geological, geochemical and geophysical results indicative of low sulphidation epithermal bonanza precious metals veins - the main target type sought - together with evidence for possible disseminated precious metals targets and deep porphyry copper targets. Further details can be obtained from Iron Creek's website:

(http://www.ironcreekcapital.com/s/LasPampas.asp)

Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent consultant, is the Company's Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and has approved the written disclosure of the technical information contained in this news release.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based exploration company focused on the acquisition and exploration of world-class mineral systems in Chile. The Company has assembled a portfolio of exploration projects prospective for gold, silver and copper mineralization.

ON BEHALF OF THE BOARD

Timothy J. Beale, President

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.

To view accompanying maps, visit the following link: http://media3.marketwire.com/docs/IRNNRJuly302014maps.pdf

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
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buyers...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to m...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Building custom add-ons does not need to be limited to the ideas you see on a marketplace. In his session at 20th Cloud Expo, Sukhbir Dhillon, CEO and founder of Addteq, will go over some adventures they faced in developing integrations using Atlassian SDK and other technologies/platforms and how it has enabled development teams to experiment with newer paradigms like Serverless and newer features of Atlassian SDKs. In this presentation, you will be taken on a journey of Add-On and Integration ...
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...