News Releases
| February 05, 2007 MetalCORP; BIG LAKE Drilling Yields 3.6% Copper, 1.6% Zinc, 68.0 g/t Silver & 0.1 g/t Gold over | |
| THUNDER BAY---05 February 2007 -- MetalCORP Limited (TSX-V:MTC) is pleased to announce the remaining 13 holes of a 16 hole drill program completed in December, 2006 on its 100% owned Big Lake project, located 10km southeast of Marathon or 10km southwest of the Hemlo gold mines, Ontario. Hole # 51 intersected, from 70.1 to 75.9m, 5.8 metres (true width) of the BL14 Zone which assayed 3.6% Copper (Cu), 1.6% Zinc (Zn), 68.0 g/t Silver (Ag) and 0.1 g/t Gold (Au) whereas Hole #47 intersected the BL14 Zone from 114.5 to 117.5 m and assayed 4.9% Cu, 2.5% Zn, 77.2 g/t Ag and 0.6 g/t Au over 3.0 metres. This recent step-out drilling shows the Cu-Zn-Ag-Au mineralization on the Big Lake project to be expanding and still remains open in all directions. A table of all results from the 16 hole program are listed below: A plan map showing all holes drilled to date and the outline of the recently obtained Crone pulse EM conductor are available for viewing on the Company website at www.metalcorp.ca. The Company remains very excited with the on-going success in expanding this large mineralized system. Presently 2 drill rigs are testing various targets with a total of 40-50 holes (~10,000 metres) with the first rig testing the lateral and depth extensions of the BL14 Copper-Zinc-Silver-Gold Zone while the second rig tests the numerous other airborne EM conductors, structures and geochemical targets on the Big Lake Property. Management will provide additional news on subsequent drill holes in batches as they become available from the lab in the next several weeks. The Big Lake program is being carried out under the supervision of Allan MacTavish, P.Geo. (QP -- NI43- 101). Core is split and sent to ALS Chemex Labs for analysis by ICP-AES. MetalCORP routinely introduces standards and blanks into the sample stream with check assays being carried out by SGS Minerals Services. MetalCORP Limited is a mineral exploration company based in Thunder Bay, Ontario with a focus on base metals in Northwestern Ontario. The Company has 43,891,636 common shares outstanding and approximately $15,000,000 in cash with no debt. MetalCORP has terminated its investor relations contract dated March 1, 2006 with Blackwell Investor Relations Corp. For further information contact: Mr. Aubrey Eveleigh, P.Geo, COO & VP Exploration, Tel (807) 346-2760. The 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 forward-looking statements and expectations. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |