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 (TSXV: MEK) has entered into an agreement with Lomiko Metals for the acquisition of the Yellow Fox project in Newfoundland. The property consists of 28 mineral claims covering 7 sq. km, located 10 km southwest of Glenwood.
Under the agreement terms, Lomiko can acquire 100% interest by making cash payments totaling $64,750 and issuing common shares worth $328,375 over two years. Metals Creek will retain a 2% NSR. The deal is expected to close by February 28, 2025.
The Yellow Fox property has shown promising early exploration results, with 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. Channel results have shown 0.35g/t Au, 3.04g/t Ag, 0.77% Zn, 0.27% Sb, and 0.21% Pb over 16.49m.
Metals Creek Resources Corp. (TSXV: MEK) has completed its diamond drilling program at the Tillex Copper Project, located 65 km east of Timmins, Ontario. The program targeted near-surface mineralized graphitic argillites and dacitic tuffs to upgrade areas with drilling and enhance the current geological model.
The drilling intercepted chalcopyrite mineralization within mineralized graphitic argillites, dacites, and porphyry dikes. Two shallow vertical drill holes were completed outside the current mineralized envelope, with one hole showing promising results after collaring into mineralized graphitic argillite and porphyry containing chalcopyrite. Some areas remain inaccessible due to wet ground conditions and will be drilled later this winter once conditions improve.
Metals Creek Resources Corp has successfully closed its non-brokered private placement financing, raising total gross proceeds of $425,750. The company issued 11,650,000 flow-through units at $0.035 per unit and 600,000 non flow-through units at $0.03 per unit.
Each flow-through unit includes one flow-through common share and half a warrant, with full warrants exercisable at $0.07 for 24 months. Non flow-through units comprise one common share and one warrant, exercisable at $0.05 for 24 months. The company paid $27,195 in finders' fees and issued 777,000 broker warrants.
Proceeds will fund drilling at the Tillex Copper Project and Shabaqua Corners Gold Property.
Metals Creek Resources has initiated diamond drilling at the Tillex Copper Project in Currie Township, 65 km east of Timmins, Ontario. Recent drilling results from September 2024 showed significant copper mineralization: 63.9m of 1.94% Cu and 10.22 g/t Ag in hole TX 24-021, 110m of 1.69% Cu and 7.05 g/t Ag in hole 24-020, and 92.05m of 2.12% Cu and 12.18 g/t Ag in hole 24-022. The Tillex deposit, discovered in 1973, has a historic non-compliant resource of 1,338,000 tonnes grading 1.56% copper.
Metals Creek Resources Corp. (TSXV: ME) has closed the first tranche of its non-brokered private placement financing, raising $303,500 through the issuance of 8,671,430 flow-through units at $0.035 per unit. Each unit includes one flow-through common share and half a warrant, with full warrants exercisable at $0.07 for 24 months. The company paid $21,245 in finders' fees and issued 607,000 broker warrants. The proceeds will fund exploration at the Tillex Copper Project, Yellow Fox/Careless Cove/Clarks Brook, and Ogden Gold properties. The company has secured a diamond drill for upcoming work at Tillex, where recent drilling yielded significant copper results including 63.9m of 1.94% Cu, 110m of 1.69% Cu, and 92.05m of 2.12% Cu.
Metals Creek Resources Corp. (TSXV: MEK) announces a non-brokered private placement expected to close by November 30, 2024. The company plans to issue up to 14,285,715 flow-through units at $0.035 per unit for proceeds up to $500,000, and up to 10,000,000 non flow-through units at $0.03 per unit for proceeds up to $300,000. The flow-through units include one share and half a warrant exercisable at $0.07, while non flow-through units include one share and one warrant exercisable at $0.05, both for 24 months. Proceeds will fund exploration at the Tillex Copper Project, Yellow Fox/Careless Cove/Clarks Brook Antimony-Gold Property, and Ogden Gold Property.
Metals Creek Resources Corp. (TSXV: MEK) announced results from the third hole of their diamond drilling program at the Tillex Copper Project in Ontario. Hole TX24-022 yielded significant results with a 92.05-meter intercept of 2.12% Copper and 12.18 g/t Silver. The intersection included a higher-grade interval of 4.02% Cu and 19.70 g/t Ag over 18.40m. Mineralization consists of chalcopyrite within mineralized graphitic argillites with local pyrite and pyrrhotite. The complex structural folding at the Tillex Deposit requires tighter drill spacing for proper mineralization definition.
Metals Creek Resources has entered into an agreement with Delta Resources to sell its Shabaqua Corners Gold Project. Delta will acquire 100% interest in eleven claims and the right to earn 100% interest in eight additional claims from Gold Cache Inc. The combined claims cover 233 hectares and are contiguous with the Delta-1 Property. The claims host several gold occurrences, including the Echo Zone and Gold Cache Main Zone, with surface samples ranging from 4.16 g/t Au to 50.1 g/t Au.
Under the agreement, Delta will pay $55,000 and issue 1,250,000 common shares to Metals Creek. Metals Creek will retain a 1% NSR with Delta having buyback options. The deal allows Metals Creek to focus on its Ogden Gold and Tillex Copper projects while maintaining exposure to Delta's success.
Metals Creek Resources Corp. (TSXV: MEK) has announced significant drilling results from hole TX24-020 at the Tillex Copper Project in Ontario. The hole intercepted 110 meters of 1.69% Copper and 7.05 g/t Silver, marking the longest intercept to date at the project. Two higher-grade zones were identified: 2.46% Cu over 26.72m and 3.04% Cu over 23.60m. The mineralization consists of chalcopyrite in various forms with local pyrite and pyrrhotite. The drill hole targeted section 150N to define a prominent flexure in the mineralized stratigraphy, located 65 km east of Timmins and 45 km from the Kidd Creek Met site.
Metals Creek Resources Corp. (TSXV: MEK) has announced results from the first hole of its recent diamond drilling program at the Tillex Copper Project in Ontario. Hole TX24-021 returned a 63.9-meter intercept of 1.94% Copper and 10.22 g/t Silver, including higher-grade intervals of 3.21% Cu and 4.77 g/t Ag over 15.2m, and 2.58% Cu and 15.88 g/t Ag over 17.9m. The mineralization consists of disseminated chalcopyrite, stringers, and veins within graphitic argillites and dacitic tuffs. A mineralized feldspar porphyry was also encountered, with copper assays ranging from 0.32% to 1.44%. The company is encouraged by these results and awaits findings from the remaining holes. The Tillex project hosts a historic non-compliant resource of 1,338,000 tonnes grading 1.56% Copper.
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