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 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.
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.
