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) provides investors with essential updates through this comprehensive news hub. Track all official announcements, exploration milestones, and strategic developments from this Ontario-based junior mining company focused on copper and gold projects.
This centralized resource delivers timely updates on drilling programs, assay results, and partnership agreements. Investors gain access to verified information about the Tillex Copper Project, Ogden Gold joint venture, and other key initiatives – all critical for informed decision-making in mineral exploration investments.
Regular updates include progress reports on diamond drilling campaigns, geological modeling advancements, and strategic collaborations. The company maintains strict adherence to NI 43-101 standards, ensuring transparent communication of technical results through qualified person reviews.
Bookmark this page for direct access to Metals Creek's latest corporate developments. Check back frequently for updates on resource expansion efforts, exploration strategy evolution, and market positioning within the junior mining sector.
Metals Creek Resources Corp. (TSXV: MEK) has secured a diamond drill for an upcoming program at its 85% owned Tillex Copper Project in Currie Township, 65 km east of Timmins, Ontario. The drilling, set to commence in early to mid-September, will target mineralized argillite with associated chalcopyrite in both stringer and blebby style mineralization. The Tillex Copper Project was last drilled in 2011, revealing copper mineralization up to 85m in width. Results from this new program will be released once received and compiled. Michael MacIsaac, P.Geo and VP Exploration, is overseeing the project as the qualified person under National Instrument 43-101.
Metals Creek Resources Corp. (TSXV: MEK) has closed the first tranche of its non-brokered private placement financing, raising $122,000. The company issued 4,500,000 flow-through units at $0.025 per unit and 475,000 non-flow-through units. Each flow-through unit includes one flow-through common share and one warrant, while non-flow-through units consist of one common share and one warrant. The company paid $6,000 in finders' fees and issued 240,000 broker warrants. Proceeds from the flow-through units will be used for drilling on the Tillex Copper Project and Shabaqua Corners Gold Property. The financing includes a $9,500 insider participation, classified as a "related party transaction" under MI 61-101.
Metals Creek Resources Corp. (TSXV: MEK, FSE: M1C1) has filed with the TSX Venture Exchange to close the first tranche of its non-brokered private placement financing. This first tranche includes 4,500,000 flow-through units (FT Units) at $0.025 per unit, raising $112,500. Each FT Unit comprises one flow-through common share and one non-flow-through common share purchase warrant, exercisable at $0.06 per share for 24 months.
The company also plans to issue 10,000,000 non-flow-through units (NFT Units) at $0.02 per unit, closing on 475,000 NFT Units for $9,500. Each NFT Unit consists of one common share and one purchase warrant, exercisable at $0.05 per share for 24 months. Proceeds from FT Units will fund exploration at Tillex Copper Project and Shabaqua Corners Gold Property. All securities are subject to a four-month hold period, and the placement remains subject to TSX Venture Exchange approval.
Metals Creek Resources Corp. (TSXV: MEK) has repriced the non flow-through portion of its non-brokered private placement. The company plans to issue up to 10,000,000 non flow-through units (NFT Units) at $0.02 per unit, raising up to $200,000. Each NFT Unit will include one non flow-through common share and one warrant, allowing the purchase of an additional share at $0.05 within 24 months. Moreover, Metals Creek will issue up to 8,000,000 flow-through units (FT Units) at $0.025 per unit, also targeting $200,000 in proceeds. Each FT Unit comprises one flow-through share and one warrant, enabling the purchase of a non flow-through share at $0.06 within 24 months. The FT Shares come with tax benefits under the Income Tax Act (Canada). The private placement is expected to close by July 31, 2024, pending TSX Venture Exchange approval, and may involve finders' fees paid in cash or securities.
Metals Creek Resources Corp. announces a non-brokered private placement to raise a total of $400,000. The company will issue 8,000,000 flow-through units and 8,000,000 non flow-through units at $0.025 per unit. Each flow-through unit includes one common share and one warrant exercisable at $0.06, while each non flow-through unit includes one common share and one warrant exercisable at $0.05. The funds will support drilling at the Tillex Copper Project and Shabaqua Corners Gold Property. The last drilling at Tillex in 2011 yielded significant results, including 85.48 meters of 1.65% copper and 33 g/t silver.
On June 14, 2024, Metals Creek Resources announced promising drill results from their Shabaqua Corners Gold Property (SCGP). The deepest hole in the Echo Zone revealed visible gold with 0.45 g/t Au over 21m. Five drill holes targeted the Main and Echo Zones, with significant results including:
- GC24-001: 0.37 g/t Au over 28m, including 1.09 g/t Au over 3m.
- GC24-002: 0.48 g/t Au over 21m, within a broader 40m zone of 0.33 g/t Au.
- GC24-003: 0.15 g/t Au over 39m.
- GC24-004: 0.29 g/t Au over 3.56m.
GC24-005 showed no significant assays. The program identified extensive alteration with increasing alteration intensity and gold mineralization at depth. The SCGP is located in the Shebandowan Greenstone Belt, 54 km west of Thunder Bay, Ontario, and displays potential for further gold delineation.
Metals Creeks has mobilized a diamond drill rig to the Shabaqua Corners Gold Property in Thunder Bay, Ontario, targeting high-grade channel sampling. The property is located near the Shebandowan Greenstone Belt and has had minimal exploration work. The company aims to release drill results once compiled.
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