IRON CREEK CAPITAL CORP. : http://www.ironcreekcapital.com/ : QwikReport

News Releases

#February 11, 2010
Iron Creek Arranges $750,000 Financing
 February 11, 2010 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to announce that it has arranged, subject to stock exchange approval, a non-brokered private placement of up to 3.0 million units at $0.25 per unit, for proceeds of up to $750,000. Each unit will consist of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the Company at $0.30 exercisable for two years.

The proceeds of the placement will be used for general working capital purposes.


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

"Michael Winn"
Michael Winn, 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 statements.
 
#February 08, 2010
Iron Creek Reports Vaquillas Drilling Results
 February 8, 2010 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to report the drilling results from the Vaquillas Project which is part of the Victoria Joint Venture with Hochschild Mining Holdings Ltd. ("Hochschild"). In December 2009, Hochschild completed nine additional reverse circulation holes totaling 2,490 meters. These results continue to demonstrate the potential for both high-grade gold/silver veins, as well as bulk tonnage low-grade gold/silver mineralization.

The mineralized zone has been extended north and south totaling approximately one kilometer along strike and continues open to the south. Hochschild is currently developing the work program for 2010 which will include additional drilling to delineate the ore zone at the Vaquillas target, as well as geophysics, geochemistry and new drill testing at the Cenizas, Nueve Vidas and Incahuasi targets in the southern portion of the Victoria Joint Venture.

The following table summarizes the Hochschild results. Included with this release is a map of all the drill holes completed at Vaquillas.

 

Drill Hole

Map
#

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Au Eq
(g/t)

VVQRC09015

H15

62

77

15

0.06

        28.5

        0.54

 

 

87

98

11

0.08

33.0

0.63

 

 

100

110

10

0.07

49.7

0.9

 

 

121

132

11

0.13

77.6

1.43

 

 

138

144

6

0.34

48.4

1.16

 

 

196

204

8

0.09

32.0

0.63

 

 

208

213

5

0.15

23.4

0.54

 

 

243

255

12

0.31

25.0

0.73

 

 

 

 

 

 

 

 

VVQRC09016

H16

121

145

24

0.60

60.1

1.61

including

 

135

136

1

0.70

285.0

5.45

 

 

 

 

 

 

 

 

VVQRC09017

H17

59

129

70

0.50

58.2

1.47

including

 

79

81

2

0.65

218.0

4.28

 

 

86

88

2

0.86

137.0

3.14

 

 

98

102

4

0.76

136.5

3.04

and

 

154

160

6

0.89

7.1

1.01

 

 

170

175

5

0.96

13.8

1.19

VVQRC09018

H18

247

282

35

0.52

7.7

0.65

 

 

 

 

 

 

 

 

VVQRC09019

H19

Weakly mineralized to no mineralization

 

 

 

 

 

 

 

 

VVQRC09020

H20

56

61

5

0.57

4.0

0.63

 

 

79

89

10

0.74

14.9

0.99

 

 

100

103

3

0.51

14.9

0.76

 

 

 

 

 

 

 

 

VVQRC09021

H21

9

29

20

0.28

32.3

0.82

 

 

116

122

6

0.31

51.3

1.16

 

 

170

186

16

0.81

7.3

0.94

including

 

184

185

1

2.80

26.6

3.24

and

 

212

224

12

0.69

60.1

1.69

including

 

220

222

2

1.88

313.0

7.10

 

 

228

241

13

0.59

7.8

0.72

 

 

 

 

 

 

 

 

VVQRC09022

H22

195

219

24

0.31

93.2

1.87

 

 

237

277

40

0.27

37.4

0.89

 

 

286

289

3

0.84

67.9

1.97

including

 

287

288

1

1.48

160.0

4.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VVQRC09023

H23

145

148

3

0.72

5.9

0.82

 

 

174

181

7

0.63

9.4

0.78

 

 

 
Note: Silver equivalency estimates were derived using a silver-to-gold ratio of 60:1 and it is assumed that the metallurgical recoveries and net smelter returns are 100%. The widths reported are the length of the drill core intersection as the true orientation of the mineralization has not been established.

Hochschild Joint Venture

The Victoria Joint Venture covers approximately 45,000 hectares and is prospective for precious metal and copper mineralization. Hochschild has the option to acquire a 60% interest in the Victoria Joint Venture by incurring US$6.0 million in exploration expenditures by December 31, 2013. Hochschild has advised that as at the end of 2009 it had incurred approximately US$1.5 million on exploration. At the close of 2009, Iron Creek and Hochschild amended the terms of option agreements to include all of the Vaquillas land holdings of Iron Creek for a commitment by Hochschild to expend a minimum US$500,000 on exploration by December 31, 2010 and to pay US$100,000 towards an underlying option payment which has been made.

QA/QC Program

Hochschild manages the Vaquillas Program. Terra Service SA, an independent drilling contractor, was used to complete the drilling program. Hochschild's samples were collected in accordance with accepted industry standards and best practices. The samples were submitted to ACME Laboratories in Santiago, Chile, for analysis. As standard procedure, Hochschild conducts routine quality-assurance and quality-control analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

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.

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.


ON BEHALF OF THE BOARD

"Michael Winn"
Michael Winn, 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 statements.



Click to Enlarge
 
#December 29, 2009
Iron Creek and Hochschild Expand Joint Venture at Vaquillas
 December 29, 2009 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to announce that it has signed an amending agreement with Hochschild Mining Holdings Ltd. ("Hochschild") whereby the Victoria Joint Venture has been expanded to include the entire ground comprising Iron Creek's Vaquillas Project. As a result, the previously excluded porphyry copper properties, including Vaquillas Sur, are now subject to the terms of the Victoria Joint Venture.

Hochschild has advised the Company that it has incurred to date approximately US$1.5 million on exploration of the precious metals area of the Vaquillas Project, and under the terms of the amending agreement, Hochschild has committed to expend a further US$500,000 on exploration of the entire Vaquillas Project by December 31, 2010.

In order to exercise its option to acquire a 60% interest in Vaquillas, Hochschild must incur a total of US$6.0 million in exploration expenditures by December 31, 2013. Hochschild will be making the US$100,000 option payment to the owner of certain of the Vaquillas concessions which is due by the end of this year.

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

"Michael Winn"
Michael Winn, 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 statements.
 
#November 20, 2009
Iron Creek Provides Vaquillas Drilling Update
 November 20, 2009 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to report the drilling results from the Vaquillas Prospect which is part of the Victoria Joint Venture with Hochschild Mining Holdings Ltd. ("Hochschild"). Hochschild completed 14 holes for a total of 3,869 meters. These results together with drilling results from Mena Resources Inc. (2005) and Minera Rayrock (1994) suggest that the Vaquillas Prospect has potential for high-grade gold/silver veins, as well as bulk-tonnage low-grade gold/silver mineralization.

Vaquillas Prospect Overview

The Vaquillas Prospect is a structurally controlled gold/silver system hosted within andesitic lavas flows, tuffs and rhyolitic volcanic breccias centered on the old Vaquillas silver mine. The Vaquillas Prospect is located in a 2.5 km long x 1 km wide dilational jog between the Vaquillas and Cenizas fault segments of the Domeyko fault zone. The Vaquillas fault system appears to be the main control for the mineralization which strikes north-northwest and dips back to west. In addition, west-trending and northwest-trending crosscutting faults and veins appear to be an important control for high-grade mineralization observed in some of the drill holes.

Summary of Results

Recent drilling confirms continuity of disseminated gold silver mineralization. Drill hole VVQRC09013 was inclined to the west and believed to have been drilled down the plunge of the mineralization from 0 to 273 meters. The drill hole was mineralized from the top of the hole to the bottom and has an average grade of 1.0 g/t Au and 16.0 g/t Ag, including an interval of 16 m of 3.1 g/t Au and 35.0 g/t Ag from 184m to 200 m. In 2005, Mena drilled VQ009 (inclined to the east and on the same section as Hochschild drill hole VVQRC09013) which cut the main mineralizing structure intercepting 94 meters of 0.6 g/t Au and 19.1 g/t Ag.

Hochschild drill holes VVQRC09001 through VVQRC09006 intercepted broad zones of strongly anomalous gold and silver mineralization (from surface to approximately 250 meters) with values ranging from 0.1 gram per tonne (g/t) to in excess of 1 g/t gold. Examples of these broad, strongly anomalous zones include VVQRC09001 grading 0.32 g/t over 77 meters, VVQRC09002 grading 0.41 g/t over 105 meters, VVQRC09003 grading 0.55 g/t over 46 meters and 0.45 g/t over 86 meters, and VVQRC09004 grading 0.55 over 100 meters.

Additionally, Hochschild drill holes intersected high-grade gold veins within the lower grade material. Highlight results include 4 meters at 3.3 g/t Au and 580.5 g/t Ag (VVQRC09002); 2 meters at 19.4 g/t Au and 39.0 g/t Ag (VVQRC09003); 1 meter at 4.9 g/t Au and 60.9 g/t Ag (VVQRC09005); and 1 meter at 7.6 g/t Au (VVQRC09012) Continuity of these veins was not part of this first pass drilling.


The following table summarizes the Hochschild and Mena (2005) VQ009 results:

 

Drill Hole

Map
#

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Au Eq
(g/t)

VVQRC09001

H1

208

209

1

4.3

--

--

 

 

213

220

7

1.2

17.7

1.52

VVQRC09002

H2

195

216

21

1.1

128.5

3.44

including

 

204

208

4

3.3

580.5

13.85

VVQRC09003

H3

74

76

2

2.2

17.7

2.52

 

 

110

112

2

19.4

39.0

20.11

 

 

188

189

1

3.4

21.2

3.79

VVQRC09004

H4

122

128

6

1.1

10.9

1.30

 

 

132

151

19

1.0

5.9

1.11

 

 

169

178

9

1.3

5.1

1.39

VVQRC09005

H5

40

41

1

4.9

60.9

6.01

VVQRC09006

H6

43

47

4

0.9

22.2

1.30

 

 

59

64

5

0.8

11.4

1.01

 

 

85

88

3

1.5

50.2

2.41

VVQRC09007

H7

30

34

4

1.4

64.7

2.58

VVQRC09008

H8

98

105

7

1.0

1.6

1.03

VVQRC09009

H9

15

24

9

1.0

1.2

1.02

 

 

95

96

1

3.9

2.3

3.93

VVQRC09010

H10

No significant results

VVQRC09011

H11

No significant results

VVQRC09012

H12

23

24

1

7.6

0.2

7.6

VVQRC09013

H13

0

273

273

1.0

16.1

1.29

including

 

0

20

20

1.0

2.9

1.05

including

 

56

106

50

1.2

30.9

1.76

including

 

119

127

8

0.7

7.2

0.80

including

 

134

140

6

1.6

33.8

2.21

including

 

156

165

9

1.3

25.8

1.77

Including

 

167

273

106

1.4

19.8

1.76

VVQRC09014

H14

No significant results

 

 

 

VQ009

M9

82

176

94

0.6

19.1

0.95

including

 

88

90

2

1.2

32.1

1.78

including

 

108

110

2

0.7

186.0

4.11

including

 

         130

132

2

1.4

8.6

1.56

including

 

162

164

2

1.1

11.1

1.30

including

 

172

174

2

1.7

5.8

        1.81
Note: Silver equivalency estimates were derived using a silver-to-gold ratio of 55:1. The widths reported are the length of the drill core intersection as the true orientation of the mineralization has not been established.

Drill holes VVQRC09013 and VQ009 confirm that the mineralized zone is over 90 meters wide and extends to a depth of at least 250 meters. Drilling by Hochschild and Mena also shows that mineralization extends for over 1000 meters along strike. The zone is open at depth as well as to the south-southwest. Several of the higher grade intercepts appear to coincide with west-northwest cross-cutting structures identified from the ground magnetic survey. The potential exists to extend the target areas along strike of these structures. Based on these encouraging results, Hochschild executed a second phase of drilling that was completed on November 14th totaling 2,490 meters in 9 holes. Complete drill results are expected by year end.

Included with this release is a map of all the drill holes completed at the Vaquillas Prospect as well as a cross section. For purposes of simplifying the map and cross section, all Hochschild holes have been labeled as H1, H2 etc and all Mena Holes have been labeled as M1, M2, etc. The map, cross section and a list of the drill results will be posted on the Company's website at www.ironcreekcapital.com. For additional information on Vaquillas and all the work completed prior to the Hochschild JV, please refer to NI43-101 report which can be found on SEDAR as well as on our website.

Hochschild Joint Venture

Hochschild has the option to acquire a 60% interest in the Victoria Project, by incurring US$6.0 million in exploration expenditures by December 31, 2013. Of the $6.0 million, Hochschild has a firm commitment to incur $750,000 by December 31, 2009 (which they have completed).

QA/QC Program

The Vaquillas Program is managed by Hochschild. Terra Service SA, an independent drilling contractor, was used to complete the drilling program. Hochschild's samples were collected in accordance with accepted industry standards and best practices. The samples were submitted to ACME Laboratories in Santiago, Chile, for analysis. As standard procedure, Hochschild conducts routine quality-assurance and quality-control analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

About Vaquillas Property

The Vaquillas Property covers approximately 45,000 hectares (including the Victoria JV with Hochschild) and is prospective for copper and precious metal mineralization. The Company is currently looking for a joint venture partner for the southern portion of Vaquillas (referred to as Vaquillas Sur) which is prospective for copper mineralization and bulk-tonnage, low-grade gold mineralization.

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.

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 press release.


ON BEHALF OF THE BOARD

"Michael Winn"
Michael Winn, 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 statements.



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#October 07, 2009
Iron Creek Provides Drilling Update on Hochschild Joint Venture at Vaquillas
 October 7, 2009 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to provide an update on the drilling program at the Vaquillas Property in northern Chile being conducted by our Joint Venture partner, Hochschild Mining Holdings Limited ("Hochschild").

According to Hochschild, precious metal mineralization has been identified at the Vaquillas mine target where 4,000 meters of RC drilling was completed in 14 holes. Partial results from 9 holes confirm a broad zone of highly anomalous gold and silver mineralization over an area of 1km by 1km, with high-grade, discrete veins also being encountered. The Company will release the results from all 14 holes when they become available along with results from drilling in the Vetas Negras area. Hochschild also completed a ground magnetic survey in the Vaquillas mine area the results of which will be reported upon review of the data.

Terra Service S.A., an independent drilling contractor, was used to complete the drilling program. Hochschild's samples were collected in accordance with accepted industry standards and best practices. The samples were submitted to ACME laboratories in Santiago, Chile for analysis. As standard procedure, Hochschild conducts routine quality assurance and quality control analysis on all assay results, including the systematic utilization of certified reference materials, blanks, and field duplicates.

Hochschild Joint Venture

Hochschild has the option to acquire a 60% interest in the northern portion of the Vaquillas, now being referred to as the Victoria Project, by incurring US$6.0 million in exploration expenditures by December 31, 2013. Of the $6.0 million, Hochschild has a firm commitment to incur $750,000 by December 31, 2009.

About Vaquillas Property

The Vaquillas Property covers approximately 45,000 hectares (including the Victoria JV with Hochschild) and is prospective for copper and precious metal mineralization. The southern portion of Vaquillas is also prospective for both porphyry copper mineralization as well as bulk- tonnage, low-grade gold mineralization where the Company is currently looking for a joint venture partner.

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.

Qualified Person: Gregory F. Smith, 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 press release.

ON BEHALF OF THE BOARD

"Michael Winn"
Michael Winn, 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 statements.
 

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This page was created on Thu Sep 9, 2010 at 6:25:11 PM Pacific Time.