Welcome to our dedicated page for Metals Creek news (Ticker: MCREF), a resource for investors and traders seeking the latest updates and insights on Metals Creek stock.
Metals Creek Resources Corp. (MCREF) generates news primarily through exploration updates, property transactions and financing activities related to its mineral projects in Newfoundland and Ontario. As a junior exploration company with listings on the TSX Venture Exchange ("MEK") and Frankfurt ("M1C1"), its announcements often focus on early-stage gold and critical metals exploration results.
Readers following Metals Creek news can expect detailed reports on work at the Ogden Gold Property in the Timmins Gold Camp, where the company holds a 50% interest earned from Newmont Corporation. News releases describe prospecting, mapping and trenching at zones such as Naybob West, including high-grade gold assays and observations about alteration, structural trends and mineralization along the Porcupine-Destor Fault.
Company updates also cover activity on Newfoundland properties, including high-grade gold and antimony sampling at the Careless Cove Property and references to rare earth element and critical metal potential at the Yellow Fox Property, which was acquired by option partner Lomiko Metals Inc. These items provide insight into the geological characteristics and exploration potential of Metals Creek’s portfolio.
In addition, Metals Creek regularly announces non-brokered private placements and flow-through financings, outlining unit structures, use of proceeds for exploration, and exchange approval processes. Occasional corporate and property-related transactions, such as acquiring a 0.5% net smelter royalty on the Tillex property, are also disclosed. Investors and observers can use this news feed to track Metals Creek’s exploration progress, financing plans and property interests over time.
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.
Metals Creek Resources Corp. (TSXV: MEK) has completed its previously announced diamond drilling program at the Tillex Copper Project, located 65 km east of Timmins, Ontario. The program consisted of 7 holes targeting near-surface mineralization to upgrade areas of drilling and expand the mineralized envelope.
The drilling intercepted chalcopyrite mineralization within mineralized graphitic argillites, dacites, and porphyry dikes, appearing as finely disseminated and stringer style copper mineralization. Core samples are currently being logged and cut, with results pending.
Additionally, the company has signed an Exploration Agreement with Apitipi Anicinapek Nation (AAN), aimed at fostering a cooperative relationship regarding the Tillex Project within AAN's territory. Subject to TSX Venture Exchange approval, Metals Creek will issue 50,000 common shares to AAN.
Metals Creek Resources Corp. (TSXV: MEK) has initiated diamond drilling at the Tillex Copper Project, located 65 km east of Timmins, Ontario. The program aims to further define the structurally complex Tillex copper mineralization in areas of drilling, down dip, and along strike direction.
Recent drilling highlights from September-November 2024 include:
- 63.9m of 1.94% Copper and 10.22 g/t Silver (TX 24-021)
- 110m of 1.69% Cu and 7.05 g/t Ag (TX24-020)
- 92.05m of 2.12% Cu and 12.18 g/t Ag (TX24-022)
Additional results from February 2025 showed:
- 7.9m of 1.27% Cu and 3.42 g/t Ag (TX24-025)
- 21m of 1.00% Cu and 2.18 g/t Ag (TX24-026)
- 41.3m of 1.51% Cu and 9.39 g/t Ag (TX24-027)
- 15.20m of 1.87% Cu and 4.81 g/t Ag (TX24-028)
Metals Creek Resources Corp. (TSXV: MEK) has provided an update on the Yellow Fox antimony, silver, and gold property through its option partner Lomiko Metals Inc. The property, located 10 km southwest of Glenwood NL, shows promising exploration potential with historic grab samples yielding up to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins.
Lomiko has announced a two-phase work program for Spring 2025. Phase 1 includes a soil sampling program with approximately 700 samples across ten 250m spaced lines. Phase 2 will expand soil sampling coverage and include ground truthing of targets. The property shares geological similarities with the past-producing Beaver Brook antimony mine, located 25km southwest, featuring similar cross-cutting structural zones with intense carbonate alteration.
Metals Creek Resources Corp. (TSXV: MEK) has secured a diamond drill for its upcoming drilling program at the Tillex Copper Project, located 65 km east of Timmins, Ontario. The company owns 85% of the project, which will target mineralized argillites and wackes with associated chalcopyrite in both stringer and blebby style mineralization.
The program aims to define areas with drilling history and expand the current mineralized envelope. Previous drilling in December 2024 yielded significant results, with an intercept of 41.3m grading 1.51% Copper and 9.39g/t Silver. The new drilling campaign is scheduled to commence in mid-late March 2025, with results to be released upon completion and compilation.
Metals Creek Resources (TSXV: MEK) has announced significant drilling results from its Tillex Copper Project in Ontario, located 65 km east of Timmins. The program, completed in February 2025, comprised five diamond drill holes totaling 539.8m.
Key highlights include hole TX24-027 intersecting 41.3 meters of 1.51% copper and 9.39 g/t silver, and a second zone yielding 1.70% copper and 7.04 g/t silver over 13.95m. Hole TX24-028 returned impressive results of 1.87% copper and 4.81 g/t silver over 15.20m, including a higher-grade interval of 3.04% copper and 5.34 g/t silver over 8.00m.
The drilling program successfully identified new copper mineralization outside the mineralized envelope to the west, with mineralization primarily hosted within graphitic argillites and feldspar porphyry.
Metals Creek Resources Corp. (TSXV: MEK) has announced two new gold discoveries at its Careless Cove Property in Newfoundland, located within New Found Gold Corp.'s Queensway High-Grade Gold Project. The first discovery, the Lillian Zone, yielded samples with assays of 4.1g/t and 0.83g/t gold. The second discovery, the Diana Zone, located 150 meters northeast of Lillian, returned assays of 1.61g/t and 2.82g/t gold.
Additionally, a third zone initially discovered in 2020 has been expanded, with new high-grade rubble material found 50m north, showing samples of 13.34g/t and 9.00g/t gold. The company also identified potential for antimony mineralization, with samples returning up to 0.27% antimony. Three highly prospective soil anomalies remain untested and will be explored in upcoming programs.
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