VANCOUVER, Nov. 7, 2011 /PRNewswire/ - Iron Creek Capital Corp. (TSX-V: IRN - "Iron Creek") is pleased to report that a reverse circulation drill rig has been secured and that drilling is underway at its wholly owned Pampa Sur gold-silver Project. The principal targets are low-sulphidation, precious metals quartz veins of a type similar to those found at Yamana's El Penon mine located along trend some 40km to the north-northeast.
The initial program at Pampa Sur will consist of up to 3,000m of reverse circulation drilling that will target a series of geochemical anomalies in soils, colluvium and epithermal vein quartz float, together with geophysical anomalies (CSAMT) that are believed to represent silicified structures and/or alteration zones related to possible precious metals veins at depth (see press releases dated July 20th 2011, May 9th 2011, and September 30th 2010, as well as Iron Creek's website, for further details).
Iron Creek will drill a series of "scissor" hole pairs placed along the geochemical and geophysical survey lines, targeted at several priority anomalies, because the dip directions of potential sub-surface structures are not well understood at this stage. Most of the targeted anomalies occur in areas of thin to moderate thicknesses of soil or colluvial cover that obscure the underlying bedrock.
The Pampa Sur project covers approximately 11,300 hectares and more than 15km of continuous strike length of the prospective Dominador Fault Zone (DFZ) in the Palaeocene-Eocene volcanic belt, host to important precious metals and copper deposits in northern Chile. It is immediately south of, and contiguous with Iron Creek's Pampa Buenos Aires project that is being explored in joint venture with Andina Minerals Inc. (TSX-V: ADM - "Andina"). It also lies approximately 40km south-southwest of Yamana's El Peñon and Fortuna deposits (+7 million oz gold and +200 million oz silver).
The services of Terra Service S.A., a highly reputable drilling company, have been secured for this drilling program. Once the initial 3,000m drilling program at Pampa Sur has been completed, the drill rig will be moved to the Pampa Buenos Aires joint-venture property with Andina immediately to the north, targeting yet further geochemical and geophysical anomalies for an additional program of approximately 3,000m of drilling.
Demetrius Pohl, P.Geo., is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this news release.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
ON BEHALF OF THE BOARD
"Timothy J. Beale"
Timothy Beale, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.
SOURCE Iron Creek Capital Corp.