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Metals Creeks informed by Manning Ventures of High-Grade Gold Results from Flint Lake Sampling Program
Thunder Bay Ontario--(Newsfile Corp. - June 1, 2021) - Metals Creek Resources Corp.  (T...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creeks informed by Manning Ventures of High-Grade Gold Results from Flint Lake Sampling ProgramThunder Bay Ontario--(Newsfile Corp. - June 1, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the \"Company\" or Metals Creek) is pleased to announce that the company has been informed by Manning Ventures Inc. (\"Manning\" or CSE: MANN) of the results from a recent ground exploration program at the Flint Lake gold project, located in Ontario, Canada. The Flint Lake property is subject to an option agreement with Metals Creek Resources whereby Manning has the right to earn a 100% interest of Metals Creeks 81.3 % interest in the Flint Lake project. The other 18.7% is owned by Endurance Gold Corp.In order to exercise the Flint Lake Option, Manning must: (1) make cash payments to MEK of $145,000 over three years ($20,000 paid); (2) issue a total of 2,200,000 common shares of Manning to Metals Creek over three years (300,000 issued); and (3) incur work expenditures of $775,000 over three years. Upon exercise of the Flint Lake Option, MEK will retain a 1% NSR royalty, Manning will retain the right to purchase 50% of such NSR royalty from MEK upon payment of $500,000 at any time.Geologists conducted a sampling program focused on modest sized rock piles representing \"stockpiles\" from historic underground excavations at the Flint Lake Mine (Thomas Edison Occurrence) as well as prospecting and soil sampling within the Flint Lake claim block. The program was designed to sample and test the gold grades of the 'underground rock stockpiles' that remain at the west end of the historic mine. Three separate piles of broken quartz/carbonate material were sampled. A fourth pile of material is composed mainly of host chlorite schist from trenching in 2016 and was not sampled in this program. Ten (10) random, unbiased samples were grabbed from each of the three quartz/carbonate piles with an additional five samples collected from loose muck lying on the ground for a total of thirty-five samples. Samples were bagged and labelled individually for assay and sent to Actlabs in Thunder Bay for gold analysis. The stockpile sampling program resulted in assays from detection limit (<5 ppb) to 350.0 grams-per-tonne (\"g/t\") gold (\"Au\"). The piles are considered to be well mixed and therefore the random sam...