Metals Creek Resources Corp. reports exploration and project-portfolio developments for a mineral issuer focused on Canadian resource properties. Recurring updates center on the Ogden Gold Project in the Timmins gold camp, a 50/50 joint venture with Discovery Silver in which Metals Creek serves as operator, including drill mobilization, drill planning, structural interpretation, and targets such as the Thomas Ogden Zone and Porphyry Hill.
Company news also covers option-partner work and assay results tied to the Yellow Fox critical-metals and rare earth element property in central Newfoundland, along with jointly staked natural white hydrogen prospects in Newfoundland. Other disclosures include partnership activity, shares-for-services marketing arrangements, and capital-structure information for the OTC Pink symbol MCREF and TSX Venture-listed MEK security.
Metals Creek Resources (MCREF) is mobilizing a drill for additional exploration at the Ogden Gold Project in Timmins, Ontario. The planned four diamond drill holes target portions of the Thomas Ogden Zone fold structure and untested near-surface areas. Metals Creek operates the project through a 50/50 joint venture with Discovery Mining.
During the last drill program, hole TOG-26-76 returned a downhole intercept of 115.51 grams per tonne gold over 9.85 metres, including 3.10 metres at 356.85 grams per tonne and 0.50 metres at 2050 grams per tonne. The company also granted 10,750,000 stock options to directors, officers, employees and consultants, exercisable at $0.10 per share over five years and subject to vesting provisions.
Metals Creek Resources (MCREF) has signed a drilling contract for a four-hole program at the Ogden Gold Project in Timmins, Ontario. The project is a 50/50 joint venture with Discovery Mining, with Metals Creek as operator. The program will target the Thomas Ogden Zone fold structure and untested near-surface portions. The company expects drill mobilization to begin in approximately two weeks.
Previous hole TOG-26-76 returned a downhole intercept of 115.51 g/t gold over 9.85m, including 356.85 g/t over 3.10m and 2050 g/t over 0.50m. It was the project's second-highest-grade intercept. Hole TOG-13-25, located 325m west along the fold structure, returned 210.19 g/t over 12.53m. The recently completed three-hole program reported visible gold in all three holes.
Metals Creek Resources (MCREF) and Benton Resources received TSX Venture Exchange approval for a joint acquisition of G2B Gold’s interest in two mineral licenses covering 50 claim units in Newfoundland.
The Properties consist of 20 units in the Deer Lake Basin and 30 units at Parsons Pond, with each company holding 50% ownership. Consideration to G2B is 120,000 common shares of Metals Creek and 82,500 common shares of Benton plus a 2% net smelter return (NSR) royalty on the Properties. The Companies retain the right to buy back 1% of the NSR for $1 million. No finders’ fees were paid in connection with the transaction.
The Properties lie within areas where historical work reported highly anomalous helium in water samples and methane gas levels up to 72% in certain drill holes, which the Companies describe as indicative of potential natural (white) hydrogen and gas prospectivity.
Metals Creek Resources (MCREF) and Benton Resources reported preliminary soil gas survey results identifying anomalous hydrogen and helium concentrations at the Smoking Gun and Parson's Pond projects in western Newfoundland.
The program collected 710 near-surface samples over about two weeks, analyzing hydrogen, helium, neon, CO2 and C1–C4 hydrocarbons. At Smoking Gun, two broad anomalies within the Deer Lake Basin returned hydrogen values up to 600 ppm and helium up to 7.7 ppm, spatially associated with historic high-pressure gas wells. At Parson's Pond, two hydrogen anomalies in the central area reached up to 900 ppm, with several clusters aligning with historic gas wells and interpreted fault trends. Management views these early-stage results as evidence of potentially active subsurface hydrogen systems, with large parts of both properties still unsampled.
Metals Creek Resources (MCREF) and Benton Resources have staked an additional 262 claim units, expanding the Smoking Gun Hydrogen/Helium Project in the Deer Lake Basin of western Newfoundland.
The new claims follow completion of regional soil gas sampling at Parson's Pond and Smoking Gun, overseen by Rudy Willick of Rudiger Re-Chem. The companies plan an inaugural drill program to test hydrogen and helium targets after evaluating soil gas results. Both Parson's Pond and Deer Lake basins are described as prospective for hydrogen and helium, although the companies caution that existing gas or methane occurrences do not guarantee their presence and further studies are required.
Metals Creek Resources (OTC: MCREF) and Benton Resources have signed a purchase agreement with G2B Gold to jointly acquire a 100% interest in two mineral licenses totaling 30 claim units in Newfoundland’s Deer Lake Basin and Parsons Pond areas, on a 50/50 ownership basis. Consideration includes the issuance of 120,000 Metals Creek shares and 82,500 Benton shares to G2B at closing, subject to TSXV approval, plus a 2% net smelter royalty (NSR) on the properties. The companies may buy back 1% NSR for $1 million. No finder’s fees were paid. In parallel, over 700 soil gas samples have been collected at the Smoking Gun and Parson’s Pond hydrogen-helium projects for lab analysis, with results expected within two weeks to guide initial drill‑target testing.
Metals Creek Resources (OTC: MCREF) reported final assays from a three‑hole, 1,233 m diamond drill program at the 50/50 Ogden Gold Project joint venture with Discovery Mining in Timmins, Ontario, where Metals Creek is operator. Drilhole TOG‑26‑77, the deepest of the program, intersected 7.25 g/t gold over 7.45 m from 347.27–354.72 m, including 13.46 g/t gold over 2.54 m, hosted in strongly altered felsites and conglomerates with visible gold. A second zone in a footwall intermediate dike returned 1.17 g/t gold over 4.65 m from 374.52–380.17 m. Earlier holes returned standout intercepts: TOG‑26‑75 cut 8.43 g/t gold over 13.25 m including 40.61 g/t over 2.4 m, and TOG‑26‑76 cut 115.51 g/t gold over 9.85 m including 356.85 g/t over 3.1 m and 2,050 g/t over 0.5 m. According to Metals Creek, all three holes encountered visible gold, versus about 35% historically at the Thomas Ogden Zone, and true widths are not yet known.
Metals Creek Resources (TSXV: MEK, OTC Pink: MCREF) has filed with the TSX Venture Exchange for final approval of a non-brokered private placement totaling $2,453,121.02, issued through 21,850,000 non-flow-through units (NFT Units) and 24,738,564 flow-through units (FT Units).
Each NFT Unit includes one common share and one warrant; each FT Unit includes one flow-through share and half a warrant, with whole warrants exercisable at $0.08 for 24 months. Metals Creek expects to pay $97,378.47 in cash finders' fees and issue 1,748,244 broker warrants, all subject to Exchange approval and a four-month hold period. An insider subscribed for $55,000 (1,000,000 FT Units), a related party transaction exempted from MI 61-101 valuation and minority approval requirements. Proceeds are earmarked for exploration on Ontario properties, including the Ogden Gold Project, and to fund qualifying flow-through mining expenditures.
Metals Creek Resources (OTC: MCREF) and Benton Resources have started large-scale hydrogen-helium soil gas sampling at their Smoking Gun (Deer Lake Basin) and Parson's Pond projects in Newfoundland. Consulting firm Rudiger Re-Chem, led by hydrogen-helium specialist Rudy Willick, will oversee fieldwork and analysis.
The program will collect approximately 650–750 soil gas samples over 2–3 weeks, which will be analyzed in Saskatoon for hydrogen, helium, neon, CO2 and C1–C4 hydrocarbons. Historic data at Smoking Gun include helium values up to 8,900 ppb and long-lived high-pressure gas flow. At Parson's Pond, logs show methane gas up to 72% and geological indicators considered prospective for natural hydrogen. The companies caution that existing gas or nearby discoveries do not guarantee hydrogen or helium, and further studies are required.
Metals Creek Resources (MCREF) increased the non-flow-through portion of its non-brokered private placement to $1 million, bringing total potential proceeds from flow-through and non-flow-through units to up to $2.5 million. The financing is expected to close on or before July 31, 2026, subject to TSX Venture Exchange approval.
The company plans to issue up to 20,000,000 non-flow-through units at $0.05, each with a full warrant exercisable at $0.08 for 24 months, and up to 27,272,727 flow-through units at $0.055, each with a half warrant at the same exercise price. Proceeds will fund exploration on Newfoundland hydrogen/helium projects, the Ogden Gold Project, other Newfoundland and Ontario properties, and general working capital, with FT proceeds directed to qualifying Canadian Exploration Expenses.