Business
Metals Creek Resources Corp. Notified that Trifecta Gold Ltd Commenced Trading on the TSX-V
(via TheNewswire) Toronto, ON / TheNewswire / 15 June 2017 - Metals Creek...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Resources Corp. Notified that Trifecta Gold Ltd Commenced Trading on the TSX-V(via TheNewswire)\n \n \nToronto, ON / TheNewswire / 15 June 2017 - Metals Creek Resources Corp. (the \"Corporation\" or \"Metals Creek\") (TSXV: MEK) has been notified that Trifecta Gold Ltd. (TSX-V: TG) (\"Trifecta\") has successfully completed a Plan of Arrangement (the \"Arrangement\") with Strategic Metals Ltd. (\"Strategic\"), pursuant to which Strategic has distributed a total of 19,872,254 common shares to Strategic's shareholders pursuant to the Arrangement, in conjunction with the listing of Trifecta's common shares on the TSX Venture Exchange (the \"Exchange\"). (see Trifecta Gold Ltd news release dated June 15, 2017). \n\n\n \nMEK and Trifecta had earlier completed an option agreement on MEK's Squid property in northwest Yukon which was contingent on the completion of this plan of arrangement. The Squid claims comprise the main part of Trifecta's Trident property. A brief description taken from Trifecta's recent news release follows below: \n\n\n \n\"The road accessible Trident property covers the headwaters of the Matson Creek placer gold camp, located about 60 km northwest of the White Gold Deposit. The property has an extensive system of roads and trails that connects the main exploration areas to an established trailer camp and a gravel airstrip. Limited drilling by previous operators (MEK) has produced very promising results including 1.55 g/t gold and 114 g/t silver over 21.0 m at the Exploits Zone. Where observed in trenches and drill holes, the mineralized zone is shallowly dipping and strongly oxidized. Trifecta expects to start drilling at the Trident property in July, immediately following completion of the drill program at Eureka. Phase I soil sampling will be followed by approximately 800 m of diamond drilling that would focus on expanding the Exploits Zone along strike and down dip. Pending favourable results, drilling can be extended into late fall.\"\n\n\n \nIn a news release dated 19 December 2016, Metals Creek announced that the Corporation had entered into an Option/Joint Venture agreement with Trifecta. Under the terms of the agreement, Trifecta can earn up to a 75% interest in MEK's Squid East and Squid West Properties, (Collectively referred to by Trifecta to form part of Trifecta's Trident Property) locat...