Metals Creek Resources announced that the TSX Venture Exchange has approved the proposed transaction between Metals Creek Resources Corporation and Golden Dory Resources Corporation whereby Golden Dory can acquire 100% of the Iron Horse Project from Metals Creek by meeting specific conditions as outlined in a revised agreement.

 

The Property is host to two new and potentially significant Iron Ore discoveries made by Golden Dory in late 2012 on the 400 claim property located approximately 50 kilometers east of the common carrier rail line servicing the Schefferville Mining District. A total of 8 holes were drilled in 2012 testing 2 of 4 previously untested magnetic anomalies (Anomalies A through D). All holes successfully intersected significant thicknesses of iron formation including hole GLAA12-02 which returned 354 meters grading 27.8% Fe from Anomaly A in the northern portion of the property.

 

Work to date has focused on testing the magnetic targets as defined by previous airborne surveying. Golden Dory has recently completed a Falcon Airborne Gravity Gradiometer survey flown by Fugro Airborne Systems in an effort to locate potential direct shipping ore targets on the property. The potential for DSO type targets is further evidenced by numerous large blocks of high grade iron ore assaying in excess of 53% Fe.