Not Just Another Exploration Story. Experienced Team, Endless Opportunities.
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Experienced Team, Endless Opportunities
Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, construction and start-up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – Note to U.S. Shareholders” in the Annual Report in Form 40-F.
The presentation has been prepared by management of Metals Creek Resources, and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any Investment decision.
Metals Creek has signed an Option Joint Venture (Nov 24/08) with Goldcorp to earn 50% in Ogden Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years
Between 3 and 8 km to the east along strike, gold production exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine & Mill complex owned by Goldcorp
The data compiled thus far on the Property has identified 3 historic zones of gold mineralization, including the Thomas Ogden Zone, the Naybob South Zone and the Naybob North Zone
Option Joint Venture with Endurance Gold to earn 75% interest on the Dogpaw property in the Cedartree Area
An option to earn a 100% interest in the Tilt Cove Mine property
An option to earn a 100% interest in the Betts Cove Mine property
An option to earn a 60% interest in Paragon Mineral’s Long Pond Project
Three MEK staked claim blocks
Claims cover a portion of the Betts Cove Ophiolite Complex which hosts two Cu-Au past producers at Tilt Cove and Betts Cove and is adjacent to the Nugget Pond Gold Mine and Mill. The mill is still operating.
The Copper Deposits are hosted by ocean floor ultramaficvolcanics and are characterized as “Cyprus-type” mineralization
MEK recently completed Airborne AEM-MAG (Geotech VTEM) over project area including the Betts Cove and Tilt Cove Deposits
Future work include, further prospecting, soil sampling and ground geophysics over new PGE discovery. Drilling expected in 2009 when targets have been identified and prioritized
Significant Gold - Copper PGE land package
@ 1-12% Cu(1957)
MEK to earn 100% interest by paying prospectors $95,000 and 250,000 MEK shares over three years
Wood Lake Zone is outlined as a magnetic low, greater than 1000 meters long and is open in all directions
As of April 01, 2009
Market cap……………..Cdn$3.9 million
Trading symbols………TSX:V – MEK
Shares Fully Diluted....35.31 million
Issued and Outstanding…25.78 million
52 week high….. …………..Cdn$0.395
52 week low…………….Cdn$0.004
President & CEO
Mr. Stares has in excess of 12 years experience in mineral exploration, spanning a variety of Canadian geological terraines. Prior to forming his own Contracting Company – Stares Prospecting Ltd., as of 2007, he has worked with Rubicon Minerals, Inco, Freewest Resources of Canada, New Millennium, Lac Des Isle Mines, and Noranda. Mr. Stares was one of the recipients of the PDAC “Bill Dennis Prospector of the Year” Award in March 2007, which was awarded to members of the Stares/Keats family.
Mr. MacIsaac brings over 20 years of exploration and management experience. Mr. MacIsaac received his B.Sc from Lakehead University and has a Professional Geoscientist (P.Geo) designation from the Association of Professional Geoscientists of Ontario. His vast experience entails both grass roots and advanced projects across Canada, in gold, base metal and PGE environments. This experience includes base metal exploration with Noranda Exploration , Gold exploration in the prolific Hemlo and Red lake Gold Camps and PGE exploration for North American Palladium , where he held position of Exploration Manager. Instrumental in the discovery of the Offset Zone (16MT) at the Lac des Iles Mine site.
Mr. Reid has in excess of 30 years experience in exploration and mining geology. Mr. Reid was instrumental in the discovery of the Brewery Creek Gold Deposit in the Yukon Territory and the Boundary Massive Sulphide Deposit / Duck Pond Mine in Central Newfoundland. His experience includes gold, base metal and uranium exploration in most geological environments in North America. He has over 20 years with Noranda / Hemlo. Also, he has over 10 years in the Timmins camp with Echo Bay Mines, as Canadian Manager and Exploration Manager with
St Andrew Goldfields. Most recently he was VP Exploration for Ucore Uranium.
CFO & Director
Mr. Tsimidis has been a sole proprietor chartered accountant since 1993, and has extensive experience in the public markets. Mr. Tsimidis obtained his C.A. designation in 1989 and articled at KPMG. He continues to service publicly traded companies in the areas of finance, financial reporting and special projects such as NSP Pharma Corp, Outlook Resources, and RTICA Corp. Since February, 2005, Mr. Tsimidis has served as Chief Financial Officer of First Canadian Capital Markets, a limited market dealer.