October 06, 2009
MetalCorp Commences Drilling at its Pickle Lake Gold Property
Toronto, Ontario - 6 October 2009 - MetalCorp Limited (TSX-V:MTC) is pleased to announce that drilling has commenced at the Tarp Lake zone in the northern part of its 100%- owned Pickle Lake property. The program is located immediately to the east of an all-weather road and is approximately 15 km north of the past-producing Pickle Crow Mine near Pickle Lake, Ontario.
This drill program is planned to consist of six to seven drill holes for a total of approximately 1,800 metres that will further test the previously identified Tarp Lake zone which returned values of 7.2 g/t Au over 4.6 metres and 1.4 g/t over 36 metres.
MetalCorp management is excited about this exploration target, as well as a number of other exploration targets on its Pickle Lake property which MetalCorp intends to continue to explore during the winter exploration season. Further plans include approximately 1,700 metres of drilling at the Jigger occurrence near the southern end of the property where grab samples had previously returned gold grades of up to 19.5 and 95.6 g/t, as well as geophysical surveys (magnetometer and induced polarization) across that end of the property which hosts a number of gold occurrences, including the Triple X and Puffin zones.
The Pickle Lake program is being carried out under the supervision of Charles Greig, P.Geo. (QP -- NI 43-101). Core will be split and shipped to ALS-Chemex Labs in Thunder Bay for analysis. MetalCorp routinely introduces standards and blanks into the sample stream.
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. MetalCorp's gold projects, with a combined area of more than 20,000 acres, include the Hemlo East (formerly Fearless), Dorset Joint Venture, Pickle Lake, Black Bear and Keezhik Lake projects. MetalCorp's base metal projects, with a combined area of more than 65,000 acres, include the Big Lake copper-zinc-silver-gold and molybdenumrhenium property, the North Rock copper-nickel-platinum property, and the eastern part of the Hemlo East nickel-copper-zinc-gold property (formerly referred to as the Python project)
MetalCorp has 49,106,636 common shares outstanding and approximately $1,400,000 in cash and no long-term debt. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact:
Donald A. Sheldon, President and CEO
Telephone: 416 595-0147
Statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's forwardlooking statements and expectations.The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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