METALS CREEK RES - MCREF STOCK NEWS

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.

Metals Creek Resources Corp. (TSXV: MEK) has begun re-evaluating its Yellow Fox Antimony/Gold project in Newfoundland. The project is 26.5 kilometers northeast of the Beaver Brook Antimony mine. This move comes as antimony prices have significantly increased, with China announcing export restrictions starting September 15. Initial prospecting in 2011 yielded highly anomalous gold values, with one sample returning 59.41 g/t Au. Subsequent sampling showed values up to 11.1% Antimony, 5.5% Lead, 7% Zinc, and 72.9 g/t Silver. The mineralization is similar to the Beaver Brook Antimony Mine, which has a resource of 533,370 tonnes @ 4.17% Sb. Yellow Fox has not been drilled yet. The company also provided updates on its Clarks Brook and Careless Cove Gold projects, with Clarks Brook showing drill results up to 1.004 g/t Au over 25.8 m and Careless Cove yielding grab samples up to 11.83 g/t Au.