Metals Creek Stock Price, News & Analysis

Metals Creek Resources (TSXV: MEK) has announced final drill results from its Tillex Copper Project, located 65 km east of Timmins, Ontario. The drilling program, consisting of 7 diamond drill holes totaling 909.5 meters, revealed significant copper mineralization.

Key highlights include hole TX25-035 which intercepted 1.36% Cu and 3.10 g/t Ag over 36.30m, including a higher-grade interval of 2.15% Cu and 2.63 g/t Ag over 17.60m. The program identified a transition from steeply dipping copper mineralization in the northern portion to shallower, flat-lying mineralization in the south, enhancing exploration potential.

Additional results from holes TX25-29 and TX25-31 showed new lead and zinc mineralization, with values up to 0.47% Pb and 0.44% Zn over 10.01m.

Metals Creek Resources (TSXV: MEK) has announced significant drilling results from its Tillex Copper Project, located 65 km east of Timmins, Ontario. The company reported a notable intercept of 1.82% Copper and 13.17 g/t Silver over 98.20m from hole TX25-034.

The drill results include two high-grade intervals: 2.58% Cu and 8.09 g/t Ag over 23.50m, and 2.75% Cu and 26.47 g/t Ag over 29.95m. The mineralization consists of fine, pervasive disseminated chalcopyrite, with cross-cutting stringers and blebby chalcopyrite. The program, comprising seven diamond drill holes totaling 909.5 meters, aims to extend copper mineralization northward and define areas with limited previous drilling.

Metals Creek Resources (TSXV: MEK) has received conditional approval from TSX Venture Exchange for a $400,000 private placement financing. The financing consists of up to 10 million flow-through units and 10 million non-flow-through units, both priced at $0.02 per unit.

The company has already closed a first tranche, raising $60,000 through 3 million flow-through units. The balance is expected to close by June 30, 2025. Proceeds from FT units will fund exploration activities in Newfoundland and Ontario properties, including the Ogden project.

Metals Creek Resources Corp. (TSXV: MEK) has announced significant drilling results from their Tillex Copper Project in Ontario. The drill hole TX25-033 revealed two high-grade copper zones: the first returning 1.87% copper and 77.25 g/t silver over 10.70m, and the second yielding 1.04% copper and 4.23 g/t silver over 17.40m, including a higher-grade section of 1.57% copper and 6.30 g/t silver over 9.10m. The drilling program, consisting of seven diamond drill holes totaling 909.5 meters, aimed to extend copper mineralization northward and follow up on previously identified mineralization. The mineralization was found in graphitic argillite with chalcopyrite and pyrite, showing strong folding and clay alteration. The project is strategically located 65 km east of Timmins and 45 km from the Kidd Creek Met site.

Metals Creek Resources Corp. (MCREF) has announced significant drilling results from its Tillex Copper Project in Ontario. Drill hole TX25-032 intercepted 1.52% copper and 8.48 g/t silver over 28.8 meters, including a higher-grade section of 2.61% copper and 14.92 g/t silver over 13.27 meters. The drilling program, completed in March 2025, consisted of seven diamond drill holes totaling 909.5 meters, aimed at extending copper mineralization northward and exploring areas with limited previous drilling. The mineralization was found in feldspar porphyry and graphitic argillite, with chalcopyrite present in various forms. The project is strategically located 65 km east of Timmins and 45 km from the Kidd Creek Met site.

Metals Creek Resources (TSXV: MEK) has announced significant results from its recent diamond drilling program at the Tillex Copper Project in Ontario. The program, consisting of 7 drill holes totaling 909.5 meters, successfully extended copper mineralization northward. Notable results include: - Hole TX25-031 intercepted 46.40m at 1.66% Cu and 3.67g/t Ag, including a high-grade interval of 3.40% Cu and 5.64g/t Ag over 19.20m - Hole TX25-029 returned 0.55% Cu and 1.97 g/t Ag over 9.09m - New lead-zinc mineralization was discovered in holes TX25-029 and TX25-031 The drilling program revealed previously unsampled areas from historic drilling that are now showing high-grade copper and silver values. Management expressed optimism about these results, particularly the identification of new mineralized zones.

Metals Creek Resources Corp. (TSXV: MEK) has announced a non-brokered private placement targeting total proceeds of up to $400,000. The offering consists of two components: up to 10 million flow-through units at $0.02 per unit for $200,000, and up to 10 million non flow-through units at $0.02 per unit for another $200,000. Each flow-through unit includes one share and half a warrant, while non flow-through units include one share and one full warrant. All warrants are exercisable at $0.05 per share for 36 months. The proceeds from flow-through units will fund exploration activities in Newfoundland and Ontario, particularly the Ogden project. The placement is expected to close by June 30, 2025, subject to TSX Venture Exchange approval.

Metals Creek Resources (TSXV: MEK) provided an update on the Yellow Fox antimony, silver, and gold property being developed by option partner Lomiko Metals (TSXV: LMR). The property, located near Glenwood NL, has been expanded with 30 new claims totaling 748 hectares, bringing the total to 58 claims covering 1,446 hectares. Historic sampling revealed significant mineralization with grab samples showing up to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb. Lomiko plans a two-phase exploration program, with Phase 1 including 700 soil samples across 10 lines at 250-meter spacing. The property shares geological similarities with the nearby past-producing Beaver Brook antimony mine. Under the definitive agreement, Lomiko can acquire 100% interest through cash payments totaling $64,750 and share payments worth $328,375, with Metals Creek retaining a 2% NSR.

Metals Creek Resources Corp. (TSXV: MEK) has announced plans for a non-brokered private placement financing to raise up to $200,000. The company will issue up to 10,000,000 common share units at $0.02 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months from issuance.

The financing is expected to close by May 29, 2025, subject to TSX Venture Exchange approval. Proceeds will be used for general working capital purposes. The company may pay finder's fees in cash or securities, and all issued securities will have a four-month hold period.