Business
Metals Creek Sells Shabaqua Corners Gold Project to Delta
Thunder Bay, Ontario--(Newsfile Corp. - October 29, 2024) - Metals Creek Resources Corp. (TSXV: ...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Sells Shabaqua Corners Gold Project to DeltaThunder Bay, Ontario--(Newsfile Corp. - October 29, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the \"Company\" or Metals Creek) is pleased to announce that it has entered into an agreement with Delta Resources Limited. (Delta) (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) whereas Delta will acquire a 100% interest in the eleven (11) claims from Metals Creek Resources Corp (\"MEK\") and the right to earn a 100% interest in an additional eight (8) claims held by Gold Cache Inc. (\"GC\") by assuming an underlying agreement between MEK and GC.The combined claims cover approximate 233 hectares and are all contiguous with the newly expanded Delta-1 Property (see map below). The claims are located in Horne and Dawson Road Lots Township.The claims located west of the Eureka Gold Deposit host a number of gold occurrences including the Echo Zone (1.04 g/t Au over 18.7m surface channel sample and 0.45 g/t Au over 21 m in drill hole), the Gold Cache Main Zone (29.4 g/t Au over 0.6m surface channel sample) and other surface grab samples ranging from 4.16 g/t Au to 50.1 g/t Au.Figure 1: Map of the eastern portion of the Delta-1 Expanded Property, showing the location of the newly acquired claims.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/943/228131_944e9fcaa4845a3c_002full.jpgAlexander (Sandy) Stares, President and CEO of Metals Creek states \"Making this deal with Delta allows Metals Creek to focus on our flagship Ogden Gold Project (50/50 JV with Newmont) and our Tillex Copper Project, where we have completed drilling with great success and awaiting additional results. In addition, Metals Creek and its shareholders will remain exposed to Delta's success with the share holding and the NSR on these claims. We believe that Delta is best positioned with their commanding land package to advance this exciting portion of the Shabandowan greenstone belt and we are very pleased to be a shareholder of Delta into the future.\"\"Delta deployed an aggressive strategy over the past year to control the eastern Shebandowan Greenstone Belt. With each addition to its property package, Delta is getting closer to its goal of controlling this highly prospective gold endowed belt where we believe that multiple significant gold deposits ar...