Metals Creek acquires 0.5 % NSR on Tillex Property, Ontario
Metals Creek Resources Corp. [TSXV: MEK; FSE: M1C1] has acquired the 0.5% Net Smelter Royalty (NSR) from Blue Moon Metals Inc. [TSXV: MOON; OTCQX: BMOOF], (formerly Savant Explorations Ltd.) on the Tillex property located in Currie Township, 65 km east of Timmins, northern Ontario.
On November 29, 2008, Metals Creek and Savant entered into a purchase agreement pursuant to which Metals Creek acquired the 85% interest in the Tillex property owned by Savant subject to a 0.5% NSR in favor of Savant which Metals Creek had the right to purchase.
In accordance with the agreement, Metals Creek has exercised its right to acquire the 0.5% NSR in consideration of the issuance of 50,000 Metals Creek common shares to Blue Moon. This transaction is subject to TSXV approval.
Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).
Metals Creek has multiple quality projects available for option.
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