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