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Metals Creek, Benton Resources and Quadro Resources Jointly Stakes New Lead/Silver Property On The Great Northern Peninsula, Newfoundland
Toronto, Ontario--(Newsfile Corp. - June 22, 2018) - Metals Creek Resources Corp. (TSXV: MEK)...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek, Benton Resources and Quadro Resources Jointly Stakes New Lead/Silver Property On The Great Northern Peninsula, NewfoundlandToronto, Ontario--(Newsfile Corp. - June 22, 2018) - Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek), Benton Resources Inc. (TSXV: BEX) (Benton) and Quadro Resources Inc (TSXV: QRO) (Quadro) are pleased to announce the acquisition of a new jointly staked (33.33% each) property on Newfoundland's Great Northern Peninsula whereby during a reconnaissance prospecting effort lead by three personnel of the three companies, a new Lead, Copper, Zinc, Silver and Fluorite zone was discovered over a broad area in outcrop and over a strike length in excess of 300m. Since representatives of three companies were present at the time of discovery and the discovery was on open ground, the three companies agreed to stake the ground jointly as equal partners.Eighteen (18) grab samples were taken from the new zone of which nine (9) selective grab samples were rushed for analysis. Highlights from these assay results include up to 15.5% Lead (pb) and 192 grammes per tonne (g/t) silver. Below is a table of results for the rush assays. Mineralization consists of stringer to disseminated galena, local chalcopyrite and sphalerite as well as fluorite. Of particular note is sample 309918 which was taken 300m along strike from the main cluster of samples which returned 5.07% Pb and 192 g/t Ag.Figure 1: Table of ResultsTo view an enhanced version of Figure 1, please visit: [http://orders.newsfilecorp.com/files/943/35425_a1529692033108_94.jpg]The surface grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property.The property is located approximately 7 kms from the southeast boundary of Altius Minerals Corporation's new Sail Pond discovery, where Altius obtained grab samples up to 2,030 g/t Ag, 7.08% Cu, 9.40% Pb, 2.54% Sb, 0.46 g/t Au. (Altius web site http://altiusminerals.com/projects/sail-pond). Altius has executed a Letter of Intent (\"LOI\") to sell its Sail Pond silver-copper-lead-zinc project to New Found Gold Corp. (\"NFG\"), a private Newfoundland-focused precious metals explorer. Key conditions of the LOI include NFG listing its common shares on a recognized Canadian stock exchange and raising a minimum of $7.5 million via a private placement, ...