Metals Creek Resources Corp. Provides Update on Jacksons Arm Project in Newfoundland

TORONTO, ONTARIO--(Marketwired - Jan. 12, 2017) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") has been advised by its option partner Anaconda Mining Inc. (Anaconda) that Anaconda has completed a preliminary work program at the Jackson's Arm property, which is part of Anaconda's Great Northern project, located approximately 20 kilometers north of Anaconda's Viking project. The work program was successful in defining areas of prospectivity within the property by determining key geological controls associated with known surface mineralization.

The Jacksons Arm property is under option from Metals Creek whereby Anaconda can earn a 100% interest by making payments of $200,000, Issuing to Metals Creek 500,000 shares of Anaconda and completing work expenditures of $750,000 over 3 years. After vesting Metals Creek will retain a 2% NSR.

The following descriptions are taken from Anaconda news release dated Jan 12, 2017.

Key exploration highlights:

• Completed 15 line kilometers of geological mapping, including detailed mapping of 10 trenches;
  
  
• Outlined a continuous zone of gold mineralization and alteration that is 1.7 kilometers long by 40 to 400 meters wide;
  
  
• Defined 4 kilometers of exploration potential to the north (1 kilometer) and east (3 kilometers);
  
  
• Rock samples assayed 24.5 grams per tonne ("g/t") gold and 0.03 g/t gold (Boot N' Hammer Prospect), 11.7 g/t gold (Stocker Prospect) and 3.35 g/t gold (Trench JT1);
  
  
• Determined that gold mineralization and alteration are associated with a series of fault zones that are splays off the Doucer's Valley Fault; a similar setting to the Pine Cove Deposit at the Point Rousse Project.
  
  

Geological Mapping

During the late fall of 2016, Anaconda completed a total of 15 line kilometers of grid, geological mapping and mapped 10 trenches in detail. Mapping outlined a 1.7-kilometer long by 40 to 400-meter wide continuous alteration zone that is host to the main gold prospects at Jackson's Arm on the west side of the property. The alteration is controlled by a fault zone that is interpreted to extend immediately to the north along strike beyond the current, known zone of alteration. The Company has also discovered similar repeating faults to the east (Exhibit A). Consequently, Anaconda believes the potential strike of the alteration system could extend an additional four kilometers, both north and east.