Iron Creek Updates Exploration Plans at Pampa Sur and Pampa Buenos Aires
TSX-V: IRN
VANCOUVER, May 9 /PRNewswire/ - Iron Creek Capital Corp. (TSXV: IRN) is pleased to announce that geophysical surveying is in progress to follow up the extensive surface geochemical anomalies at its wholly owned Pampa Sur property. The geophysical program will cover Pampa Sur as well as the Pampa Buenos Aires joint venture property, which is held in conjunction with Andina Minerals Inc. (TSXV: ADM - "Andina"). The properties are being explored principally for El Peñon style gold-silver bearing epithermal veins.
Exploration Plans
Iron Creek has prepared a detailed exploration program and budget for the Pampa Sur property, to follow up the extensive geochemical anomalies delineated last year (see previous news release dated September 30th, 2010).
As part of this program, Zonge Ingenieria y Geofisica (Chile) S.A. ("Zonge") has been contracted to carry out the first phase of follow-up exploration, by completing approximately 25 line km of wide-spaced CSAMT profiling (Controlled Source Audio Magneto-Tellurics) across the principal geochemical anomalies at Pampa Sur. This work should help to define specific vein structures beneath the post-mineral gravel cover, for drill testing during the second half of 2011.
Work started during the week of 18th April and is being monitored on behalf of Iron Creek by Mr. Robert Ellis of Ellis Geophysical Consulting Inc. Mr. Ellis has extensive experience in this type of geophysical surveying, in particular for the exploration of low-sulphidation epithermal veins of the El Peñon type.
Additionally, Iron Creek and Andina have prepared a detailed program and budget for the Pampa Buenos Aires property, including Cerro Buenos Aires, to follow up the extensive geochemical anomalies delineated by earlier exploration (see previous news releases dated November 2nd, 2010 and March 2nd, 2011). This will also include approximately 52 line km of CSAMT profiling to be carried out by Zonge, likely starting in mid-May, once surveying work at Pampa Sur has been completed. This work is designed to help define specific vein structures beneath the post-mineral gravel cover, and at depth beneath the Cerro Buenos Aires silica cap, in order to help direct drill testing at a later stage. Drill testing will be dependent on the interpretation of results from all geochemical and geophysical surveys.
About Pampa Sur and Pampa Buenos Aires
The 11,300 hectare Pampa Sur Property together with the 27,000 hectare Pampa Buenos Aires Property in northern Chile cover more than 30km of continuous strike length of the prospective Dominador Fault Zone in the Palaeocene-Eocene volcanic belt, host to important precious metals and copper deposits in northern Chile.
Iron Creek at its wholly owned Pampa Sur Property, and with Andina at the Pampa Buenos Aires Property, is exploring for El Peñon / Fortuna and Guanaco-style epithermal gold and silver mineralization and also for possible porphyry copper mineralization. The northern boundary of the property package is located approximately 15km southwest of Yamana's El Peñon and Fortuna deposits (+6 million oz gold and +185 million oz silver). Please go to Iron Creek's website for further information.
Qualified Person
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.
Forward-Looking Statement
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.
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