SYS-CON MEDIA Authors: Trevor Parsons, Elizabeth White, Pat Romanski, Yeshim Deniz, Jason Bloomberg

News Feed Item

Iron Creek Provides Update on Kinross Minera Chile Limitada's Exploration Activities at the Las Pampas Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Iron Creek Capital Corp. (TSX VENTURE:IRN) ("Iron Creek") is pleased to provide an update on Kinross Minera Chile Limitada's ("Kinross") exploration activities at Iron Creek's Las Pampas project in northern Chile.

Over the last three months, geological mapping by Kinross confirmed potential for Au-Ag veins along the Cerritos Trend and possibly Acarreos, and identified a new area of interest at the southern end of the property at Cerro Jarosita. Kinross also continued sampling activities started by Iron Creek and submitted samples to laboratories. Kinross plans to continue detailed geological mapping, trenching and rock chip sampling at Las Pampas, located to the south of Yamana Gold's (TSX: YRI) El Penon and Fortuna mines.

Kinross is a wholly owned subsidiary of Kinross Gold Corp. (TSX-TO: K) and has the sole and exclusive option and right to acquire up to a 75% undivided interest in Iron Creek's Las Pampas mining concessions located in northern Chile by complying with the terms and conditions set out in the Option Agreement (the "Agreement") signed in April 2014. Further details of the Agreement can be found in Iron Creek's news releases dated August 8, 2013 and April 14, 2014.

Update on Exploration Activities at Las Pampas

Since signing the Agreement Kinross has set up a field base out of the northern port city of Antofagasta in order to support field activities at Las Pampas. Some 3,200 soil/colluvial samples, previously collected by Iron Creek, were submitted to the ALS analytical laboratory in La Serena. These soil/colluvial samples were part of an infill programme covering an approximately 10Km x 2Km arsenic and antimony anomaly along the Cerritos Trend highlighted from previous regional sampling campaigns undertaken by Iron Creek. Further, over 400 soil/colluvial, rock chip and float samples collected by Kinross from the project area were also sent for geochemical analysis. Kinross has also completed detailed geological mapping campaigns over parts of the project area, using both in-house and consultant geologists, including an analysis of the structural framework and hydrothermal alteration patterns.

Preliminary results from the geological mapping to date have confirmed the importance of the Cerritos Sur, Cerritos Norte, Cerros Bayos series of low hills as having prospectivity for Au-Ag veins. The hills represent a series of small, uplifted fault blocks that lie along one of the principal geochemical anomalies within the project area - the "Cerritos Trend" - mostly defined by arsenic and antimony anomalies - two of the key pathfinder elements in epithermal, low sulphidation vein systems.

Cerritos Sur:

A key area previously identified by Iron Creek geologists showing a distinct consistency in the continuity of veins that appear to be of Epithermal Low Sulphidation to Intermediate Sulphidation type, coinciding with broad areas of vein float and the presence of hydrothermal breccias. Minor gold and silver drill intercepts were previously reported by Iron Creek in this area.

Cerritos Norte:

Continuous, narrow, sub-parallel quartz veins are present at Cerritos Norte, and wide drill intercepts of anomalous silver with sporadic gold were previously reported by Iron Creek from this area. Kinross concludes that more mapping is recommended to try and develop further potential.

Cerros Bayos:

Surficial sinter and/or chalcedonic silica replacement of volcano-sedimentary units at Cerros Bayos may be related to targets further to the east.

The Acarreos area is characterised by significant arsenic and lesser antimony soil/colluvial anomalies from previous work carried out by Iron Creek, together with several areas of quartz vein float, thought to indicate possible underlying vein potential.

Acarreos Sur:

Kinross geologists have noted gossanous jarosite-silica alteration associated with high arsenic anomalies. The alteration anomaly can be seen consistently in a narrow, elongate zone some 50m x1200m in size and which has been interpreted as the weathered expression of sulphide rich feeders.

Kinross geologists have carried out transects and more detailed mapping on 100m line spacing traversing the breadth of the Las Pampas concessions around the target areas identified by Iron Creek. A new area of interest has been discovered at Cerro Jarosita, at the southern end of the property.

Cerro Jarosita:

This target area consists of a hydrothermal alteration footprint covering approximately 1.2Km x 0.3Km, displaying pervasive opaline silica replacements with associated iron-oxide boxworks and oxidized sulphide veinlets. Initial interpretations suggest the possibility of encountering the shallow exposure levels of epithermal veins.

Kinross plans to continue the detailed geological mapping already initiated, complemented by additional trenching and rock chip sampling of altered outcrops. A consultant geochemist will also be contracted to help interpret the voluminous geochemical data available for the project.

About Las Pampas Property

Iron Creek's 100% owned Las Pampas Property is an approximately 50,000 hectare land package located in an exceptional position along the highly prospective Palaeocene mineral belt in northern Chile. The property is centred along strike and approximately 35Km southwest of the multi-million ounce gold and silver mining district at El Penon and related deposits. Previous exploration activities by Iron Creek and its previous partners, including drilling, have returned excellent geological, geochemical and geophysical results indicative of low sulphidation epithermal bonanza precious metals veins - the main target type sought - together with evidence for possible disseminated precious metals targets and deep porphyry copper targets. Further details can be obtained from Iron Creek's website:

(http://www.ironcreekcapital.com/s/LasPampas.asp)

Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent consultant, is the Company's Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and has approved the written disclosure of the technical information contained in this news release.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based exploration company focused on the acquisition and exploration of world-class mineral systems in Chile. The Company has assembled a portfolio of exploration projects prospective for gold, silver and copper mineralization.

ON BEHALF OF THE BOARD

Timothy J. 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.

To view accompanying maps, visit the following link: http://media3.marketwire.com/docs/IRNNRJuly302014maps.pdf

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
Over the past year, Datical has had amazing success with our flagship product, Datical DB. We’ve seen multiple visionary, sector-leading companies select Datical DB to drive their Application Schema changes. Now that the number has grown rapidly over the past year, we can begin to see patterns in why customers choose Datical DB. One of them turns out to be pretty emblematic of our other customers. So, let's examine the reasons why they chose to adopt Datical DB.
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
In this demo at 15th Cloud Expo, John Meza, Product Engineer at Esri, showed how Esri products hook into Hadoop cluster to allow you to do spatial analysis on the spatial data within your cluster, and he demonstrated rendering from a data center with ArcGIS Pro, a new product that has a brand new rendering engine.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your onlin...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore's Law is typically cited to explain the exponential density growth of chips, a critical consequence of this is rapid depreciation of servers. The hardware for clustered systems (e.g., Hadoop, OpenStack) tends to be significant capital expenses. In his session at Big Data Expo, Mason Katz, CTO and co-founder of StackIQ, disc...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
"We are the top stocking distributor for HP renew products in North America. We can only sell to U.S. authorized partners and resellers for HP," explained Miguel Diazdelcastillo Jr., Sales Executive at Creative Business Solutions, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...