Mar 27 2014
Metals Creek Resources Corp. today reports that the company has discovered several conductive electromagnetic targets on its recently staked, 100% owned Feagan Lake Graphite property which is located approximately 7 km due west of Zenyatta's hydrothermal graphite discovery.
These new electromagnetic (EM) conductive responses were flown with the VTEM plus time domain system targeting previously identified magnetic lows that resulted in the discovery of several new exploration targets exhibiting similar features to that of Zenyatta's hydrothermal graphite discovery. One of the EM responses in particular returned a strong conductive response on all channels with an associated magnetic low.
The Feagan Lake claim block consists of 12 claim blocks totaling 175 claim units and is located immediately west and adjacent to Zenyatta's claim block. The Feagan lake property to the best of management's knowledge has never been flown for EM conductors making this a brand new discovery demonstrating the potential for the area to potentially host additional graphite mineralization.
Metals Creek's President and CEO, Alexander Stares states, "With the discovery of several new EM anomalies within favorable stratigraphy to host possible additional graphite mineralization, it provides Metals Creek with an exciting new project strategically located adjacent to Zenyatta's hydrothermal graphite discovery. This new highly conductive EM target will be the focus of additional exploration work going forward."