Annuncio • Apr 03
Metals Creek Resources Corp. announced that it expects to receive CAD 0.35 million in funding Metals Creek Resources Corp. has announced a non-brokered private placement to issue up to 7,500,000 flow-through units at a price of CAD 0.035 per unit for aggregate proceeds of up to CAD 262,500. non-flow through and to issue up to 2,500,000 non-flow through units at a price of CAD 0.035 per unit for aggregate proceeds of up to CAD 87,500 for total aggregates of CAD 3,50,000 on April 2, 2026. Each FT Unit will consist of one flow-through common share and one-half of a non-flow through common share purchase warrant. Each whole FT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of CAD 0.06 per common share for a period of 36 months from the date of issue. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant. Each non-flow through Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.06 per common share for a period of 36 months from the date of issue. In connection with the private placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange.
On the same day amended the terms a non-brokered private placement to issue up to 14,285,714 flow-through units at a price of CAD 0.035 per unit for aggregate proceeds of up to CAD 500,000. non-flow through and to issue up to 16,666,667 non-flow through units at a price of CAD 0.03 per unit for aggregate proceeds of up to CAD 500,000 for total aggregates of CAD 10,00,000. New Risk • Apr 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.48m market cap, or US$4.66m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Annuncio • Feb 11
Aruma Resources Limited (ASX:AAJ) completed the acquisition of 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK). Aruma Resources Limited (ASX:AAJ) executed a binding heads of agreement to acquire 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK) for CAD 1.8 million on January 22, 2026. A cash consideration of CAD 0.1 million will be paid by Aruma Resources Limited. The consideration consists of common equity of Aruma Resources Limited having a value of CAD 0.13 million to be issued for assets of Tillex Copper-Silver Project. Aruma Resources Limited will pay an earnout/contingent payment of CAD 0.53 million cash and of CAD 1.07 million common equity. As part of consideration, CAD 1.82 million is paid towards assets of Tillex Copper-Silver Project.
Aruma Resources Limited (ASX:AAJ) completed the acquisition of 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK) on February 11, 2026. Annuncio • Jan 27
Metals Creek Resources Corp., Annual General Meeting, Mar 25, 2026 Metals Creek Resources Corp., Annual General Meeting, Mar 25, 2026. Annuncio • Dec 18
Metals Creek Resources Corp. announced that it expects to receive CAD 0.2 million in funding Metals Creek Resources Corp. announced a non-brokered private placement to issue 5,000,000 flow-through units at an issue price of CAD 0.04 for gross proceeds of CAD 200,000 on December 17, 2025. Each FT unit consists of one flow-through common share and one-half of a non-flow through common share purchase warrant, each whole FT warrant entitling the holder to purchase one additional non-flow through common share of the company at an exercise price of CAD 0.06 per common share for a period of 24 months from the date of issue. In connection with the financing, the company may pay finders' fees in cash or securities or a combination of both, as permitted by exchange policies. All securities issued pursuant to the financing will be subject to a four-month hold period. The transaction is subject to approval by the TSX venture exchange. Annuncio • Dec 11
Metals Creek Resources Corp. announced that it has received CAD 0.6635 million in funding On December 10, 2025, Metals Creek Resources Corp. closed the transaction by issuing 1,400,000 FT unit at an issue price of CAD 0.04 for the proceeds of CAD 56,000 under final tranche. In connection with the private placement, the company has paid cash finders' fees totaling CAD 43,050 and issued1,137,500 non-transferable broker warrants, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to final approval by the TSX Venture Exchange. Annuncio • Nov 28
Metals Creek Resources Corp. Completes Surface Trenching Program at Naybob West in Timmins, Ontario Metals Creek Resources Corp. announced the completion of a surface trenching program within the Naybob West Zone which is located 400m west-northwest of the past producing Naybob Gold Deposit on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Silver Corp. ("Discovery"), with the Company serving as the operator. This surface trenching program is follow-up to results from a recent prospecting/mapping program on Naybob West which returned high-grade mineralization ranging from 0.054 grams per tonne (g/t) to 12.3 g/t Gold (Au). The main focus of this program was to further define the orientation and nature of the gold mineralization as well as further expand both to the east and west the strike extent of this zone of mineralization. This zone of mineralization is hosted within a broad zone of strong to intense alteration consisting of fuchsite, sericite, silicification and iron carbonate with associated quartz stockwork over a minimum width of 30m. Within this pervasive zone of alteration is a discrete zone of mineralization with quartz flooding, disseminated pyrite, arsenopyrite and local galena with all primary textures destroyed. Trenching was successful in expanding mineralization along strike both in the east and west direction. Intense alteration consisting of fuch site, sericite, silICification and carbonatization was identified with associated pyrite, arsenicopyrite mineralization. Abundant quartz vein and flooding is also present including local tourmaline veinlets which is sometimes a key indicator for potential gold mineralization. This program saw the collection of 60 surface grab samples. Mineralization remains open both to the east and west with mineralization traced for approximately 70 meters(m). Structural folding is also present with the orientation of this zone of alteration changing from an easterly to north easterly direction. This change in orientation is highly important in that northeast trending structures within the Timmins Gold Camp is considered to be highly prospective for the emplacement of gold mineralization. In addition to the trenching and subsequent sampling, 6 lines of soils sampling were conducted over what is interpreted to be along strike of the alteration package. With the onset of winter conditions, additional trenching was unable to be completed. Annuncio • Oct 21
Metals Creek Resources Corp. announced that it expects to receive CAD 1 million in funding Metals Creek Resources Corp. announces a non brokered private placement of 12,500,000 flow-through units at a price of CAD 0.04 per unit for gross proceeds of CAD 500,000 and 14,285,714 non-flow through units at a price of CAD 0.035 per unit for aggregate proceeds of up to CAD 500,000 on October 21, 2025. Each FT Unit will consist of one flow-through common share and one-half of a non-flow through common share purchase warrant. Each whole FT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of CAD 0.06 per common share for a period of 24 months from the date of issue. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant. Each NFT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of CAD 0.06 per common share for a period of 60 months from the date of issue. The Private Placement is expected to close on or before November 20, 2025.n connection with the private placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange. New Risk • Aug 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$776k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$776k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.82m market cap, or US$3.50m). Annuncio • May 29
Metals Creek Resources Corp. Extends Copper Mineralization at the Tillex Copper Project Metals Creek Resources Corp. announced initial results from the recently completed diamond drilling program at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario and approximately 45 km from the Kidd Creek Met site. This program entailed seven diamond drill holes totaling 909.5 meters(m) in an effort to extend copper mineralization to the north, further define areas of limited to no drilling as well as follow-up on copper mineralization drilled outside the mineralized envelope in the previous drill campaign which returned a downhole intercept of 7.90 meters of 1.27% copper (Cu) and 3.42 grams per tonne (g/t) silver (Ag) in an effort to determine orientation of prospective mineralized stratigraphy. TX25-029 extended copper mineralization to the north (Section 180N) and is located one section north of hole TX24-026 which intersected two zones of mineralization including 1.00% Cu and 2.19g/t Ag over 21.00m and 0.94% Cu and 4.51g/t Ag over 9.00m. Hole TX25-029 collared in diabase diking, eventually intersecting mineralized argillites at a downhole depth of 72m and continuing through weakly mineralized feldspar porphyry. This hole returned a downhole intercept of 0.55% Cu and 1.97 g/t Ag over 9.09m. Mineralization consisted of disseminated to fine stringers of chalcopyrite in both the argillites and felds par porphyry becoming finer downhole. Trace to 2% finely disseminated to stringer galena and local disseminations of sphalerite are also present with associated 1-5% disseminated to blebby pyrite. Mineralization is hosted primarily within altered graphitic argillite, silicified feldspar porphyy and wackes. TX25-030 returned no significant assays. This hole collared in a diabase dike and remained in this unit for the majority of the hole. This hole was an undercut of hole TX24-026. TX25-031 was engineered to fill in a large gap in historic drilling in which significant portions of these historic holes were unsampled due to the very fine grained nature of the copper mineralization. Prospective stratigraphy including the feldspar porphyries were unsampled thus requiring additional drilling to upgrade the current geological model. This hole returned two intercepts, with the upper zone drilling a down hole intercept of 46.40m at 1.66% Cu and 3.67g/t Ag over 19.20m. Mineralization consists primarily of locally very fine, pervasive disseminated chalcopyrite, cross-cutting chalcopyrite stringers as well as nodular chalcopyrite to chalcopyrite veins and 1-3% disseminated pyrite within locally strongly folded and clay altered graphitic argillites. This upper zone also included mineralized feldspar Porphyry with stringer to blebby chalcopyrite with abundant quartz stringers. A second zone (lower zone) of mineralization was also intersected similar to that of hole TX24-026). This lower footwall zone of disseminated pyrite and chalcopyrite is hosted within predominantly finer grained wackes and graphitic argillites and returned a down hole intercept of 1.03% Cu and 3.41g/t Ag over 15.80m. Sphalerite and galena is also present and illustrates a strong spacial association with pyrite mineralization. Assays are still outstanding for both lead and zinc and will be released once over limits are received and compiled. Pyrite mineralization appears to be increasing to the north as does the presence of galena and sphalerite as illustrated with holes TX25-029 and 31. Annuncio • May 28
Metals Creek Resources Corp. announced that it expects to receive CAD 0.4 million in funding Metals Creek Resources Corp. announced a non-brokered private placement to issue 10,000,000 flow-through units at a price of CAD 0.02 per unit for gross proceeds of CAD 200,000 and 10,000,000 non flow-through units at a price of CAD 0.02 per unit for gross proceeds of CAD 200,000 for aggregate gross proceeds of CAD 400,000 on May 27, 2025. Each FT unit will consist of one flow-through common share and one half of a non flow-through common share purchase warrant. Each full FT warrant will entitle the holder to purchase one additional non flow-through common share of the company at an exercise price of CAD 0.05 per common share for a period of 36 months from the date of issue. Each NFT unit will consist of one non flow-through common share and one non-flow through common share purchase warrant. Each NFT warrant will entitle the holder to purchase one additional non flow-through common share of the company at an exercise price of CAD 0.05 per common share for a period of 36 months from the date of issue. The private placement is expected to close on or before June 30, 2025. In connection with the private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange. Annuncio • Apr 22
Metals Creek Resources Corp. announced that it expects to receive CAD 0.2 million in funding Metals Creek Resources Corp announced a non-brokered private placement financing issuing up to 10,000,000 common share units at a price of CAD 0.02 per unit for gross proceeds of CAD 200,000 on April 21, 2025. Each unit consists of one common share of the Company and one common share purchase warrant each Warrant entitling the holder to purchase one additional common share of the Company at an exercise price of $0.05 per common share for a period of 36 months from the date of issue. In connection with the Financing, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by Exchange policies. All securities issued pursuant to the Financing will be subject to a four-month hold period. The Financing is expected to close on or before 29 May 2025. New Risk • Apr 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$783k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$783k free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.89m market cap, or US$3.53m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Annuncio • Mar 05
Metals Creek Resources Corp. Secures Diamond Drill for the Tillex Copper Project Metals Creek Resources Corp. announced that a diamond drill has been secured for an upcoming diamond drill program on the Tillex Copper Project. The 85% owned Tillex Copper Project is located in Currie Township, 65 km east of Timmins, Ontario. This program will be targeting mineralized argillites and wackes with associated chalcopyrite both as stringer and blebby style mineralization. This program will look to further define areas of little to no drilling as well as expanding the current limits of the mineralized envelope. The Tillex Copper Project was last drilled in December 2024 returning an intercept of 41.3m grading 1.51% Copper and 9.39g/t Silver. Drilling is expected to commence mid-late March and results will be released once received and compiled. Annuncio • Jan 22
Lomiko Metals Inc. (TSXV:LMR) agreed to acquire Yellow Fox Project from Metals Creek Resources Corp. (TSXV:MEK) for CAD 0.33 million. Lomiko Metals Inc. (TSXV:LMR) agreed to acquire Yellow Fox Project from Metals Creek Resources Corp. (TSXV:MEK) for CAD 0.33 million on January 21, 2025. Consideration is comprised of CAD 0.0185 million on the closing date CAD 0.023125 million on or before first anniversary of the Acquisition Agreement and CAD 0.023125 million on or before second anniversary of the Acquisition Agreement. It also includes the issuance of 2.52 million LMR common shares valuing CAD 0.26 million. The transaction is subject to approval by the TSX Venture Exchange. The expected completion of the transaction is February 28, 2025. Annuncio • Dec 05
Metals Creek Resources Corp. announced that it has received CAD 0.42575 million in funding On December 4, 2024. Metals Creek Resources Corp. has closed the transaction. it has issued 11,650,000 flow-through units at a price of CAD 0.035 per FT Unit for aggregate gross proceeds of CAD 425,750. In connection with the Financing the company has paid cash finders' fees totaling CAD 27,195 and issued 777,000 non-transferable broker warrants. Annuncio • Nov 29
Metals Creek Resources Corp. Commences Diamond Drilling at the Tillex Copper Project Metals Creek Resources Corp. announced that diamond drilling has commenced at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario. This program will continue to further define the structurally complex Tillex copper mineralization within areas of limited drilling as well as in the down dip direction and peripheral areas where the deposit is poorly understood. In September, Metals Creek drilled: 63.9 Meters (m) of 1.94% Copper (Cu)and 10.22 g/t Silver (Ag) in diamond drill hole (DDH) TX 24-021. 110m of 1.69% Cu and 7.05 g/t Ag in DDH 24-020 92.05 Meters of 2.12% Cu and 12.18 g/t Ag in DDH 24-022 at the Tillex Copper Project. Results from this program will be released once received and compiled. The Tillex project is host to the Tillex copper deposit which was originally discovered in 1973 by Westmin Resources Ltd. A historic non 43-101 compliant near surface resource of 1,338,000 tonnes grading 1.56% Copper (Cu) was calculated in 1990 by Pacifica Resources Ltd. Mineralization is primarily as chalcopyrite with minor bornite and accessory lead, zinc and silver. However, management notes this calculation does not meet the standards as outlined in National Instrument 43-101, "Standards of Disclosure for Mineral Projects", and has not been independently validated or verified by the Corporation and should not be relied upon. Annuncio • Nov 06
Metals Creek Resources Corp. announced that it expects to receive CAD 0.8 million in funding Metals Creek Resources Corp. intends to complete a non-brokered private placement of flow-through (FT) and non-flow-through (NFT) units on November 5, 2024. The company intends to issue up to 14,285,715 flow-through units at a price of CAD 0.035 per unit for the gross proceeds of CAD 500,000.025 and 10,000,000 non flow-through units at an issue price of CAD 0.03 per unit for the gross proceeds of CAD 300,000, aggregate gross proceeds of CAD 800,000.025. Each FT unit will consist of one flow-through common share and one-half of a non-flow-through common share purchase warrant. Each full FT warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of CAD 0.07 s per common share for a period of 24 months from the date of issue and Each NFT unit will consist of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of CAD 0.05 per common share for a period of 24 months from the date of issue. In connection with the private placement, the company may pay finders' fees in cash or securities for a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange. The private placement is expected to close on or before November 30, 2024. New Risk • Nov 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$832k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$832k free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.10m market cap, or US$4.37m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Annuncio • Oct 22
Metals Creek Resources Corp. Announces Results from the First Hole of the Recently Completed Diamond Drilling Program At the Tillex Copper Project Located in Currie Township Metals Creek Resources Corp. announced the results from the first hole of the recently completed diamond drilling program at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario and approximately 45 km from the Kidd Creek Met site. TX24-021 targeted near surface, mineralized graphitic argillites and dacitic tuffs in an effort to upgrade areas of limited drilling and further refine the current geological model. Hole TX24-021 was engineered to infill a gap in the central portion of the Tillex Zone on a section where no holes have been drilled with the purpose of increasing confidence in the continuity of mineralization. This hole returned a down hole intercept of 63.9 meters (m) (38.6m to 102.5m) of 1.94% Copper (Cu) and 10.22 grams per tonne (g/t) Silver (Ag). Mineralization consists of locally very fine, pervasive disseminated chalcopyrite, cross-cutting chalcopyrite stringers as well as local blebby style to narrow massive chalcopyrite veins with local pyrite and pyrrhotite. Galena and sphalerite is also present locally. Alteration consists mainly of chlorite and locally pervasive clay alteration. The mineralized argillites within the Tillex Deposit are structurally complex with significant folding and fracturing. Mineralized feldspar porphyry is also present within the argillites further adding to the exploration potential to the Tillex Copper Project. Copper assays within the porphyry ranged from 0.32 to 1.44%. Annuncio • Sep 20
Metals Creek Resources Corp., Annual General Meeting, Nov 06, 2024 Metals Creek Resources Corp., Annual General Meeting, Nov 06, 2024. New Risk • Aug 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$860k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$860k free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.94m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Annuncio • Jun 19
Metals Creek Resources Corp. announced that it expects to receive CAD 0.4 million in funding Metals Creek Resources Corp. announced a non brokered private placement to issue 8,000,000 flow-through units at a price of $0.025 per unit for the gross proceeds of CAD 200,000 and 8,000,000 non flow-through units at a price of $0.025 per unit for aggregate proceeds of up to CAD 200,000; aggregate gross proceeds of CAD 400,000 on June 18, 2024. Each FT Unit will consist of one flow-through common share and one non flow-through common share purchase warrant. Each whole FT Warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of CAD 0.06 per common share for a period of 24 months from the date of issue. Each NFT Unit will consist of one non flow through common share and one non flow-through common share purchase warrant. Each NFT Warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of CAD 0.05 per common share for a period of 24 months from the date of issue. n connection with the private placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange. The Private placement is expected to close on or before 31 July 2024. New Risk • May 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$881k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$881k free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.08m market cap, or US$3.73m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Annuncio • Dec 14
Metals Creek Resources Corp. Announces New High Grade Gold Mineralization While Mechanical Surface Trenching on the Shabaqua Corners Gold Property Metals Creek Resources Corp. announced new high grade gold mineralization while mechanical surface trenching on the Shabaqua Corners Gold Property. The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work. Follow-up sampling from the recently completed trenching program has resulted in the discovery of additional high grade gold mineralization 120m east of the recently discovered western shear zone (WSZ). Assay results ranged from 0.45 to 18.1 grams per tonne (g/t) gold (Au). Gold mineralization is associated with an east-west trending, highly weathered and very rusty, friable shear zone with strong pervasive iron carbonate alteration. No sulphide mineralization is present near surface due to the highly weathered nature of the rock. Due to the weathered nature of the shear zone, channel sampling was not possible so chip and grab sampling was conducted. Two grab samples collected from the mineralized shear zone returned assays of 17.0 and 18.1 g/t Au. A chip sample was collected across the mineralized shear returning an assay of 6.18 g/t Au over 0.6m. An oxide silicate iron formation (IF) adjacent to this gold bearing shear zone was also anomalous in gold returning an assay of 0.45 g/t Au. This new discovery called the Western Shear Zone Extension (WSZE) was the result of a trenching program following up on a recce soil grid laid out on the western claim block which returned a soil assay of 88 ppb (parts per billion) in close proximity to WSZE. It is interpreted that the WSZ and WSZ are potentially the same zone due to both exhibiting very similar characteristics. Both WSZE and WSZ are 120m apart and open in all directions. Soil sampling has been instrumental in 3 new gold discoveries on the Shabaqua Cornerers Gold Property (SCGP) with other soil anomalies remaining untested due to extensive overburden. The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m. Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m. Annuncio • Dec 01
Metals Creek Resources Corp. announced that it expects to receive CAD 0.6 million in funding Metals Creek Resources Corp. announced a non-brokered private placement of up to 15,000,000 flow-through units at a price of CAD 0.03 per unit for the gross proceeds of up to CAD 450,000 and up to 5,000,000 non flow-through units at a price of CAD 0.03 per unit for gross proceeds of up to CAD 150,000 for the total aggregate gross proceeds of up to CAD 600,000 on November 30, 2023. Each flow-through unit will consist of one flow-through common share and one non flow-through common share purchase warrant. Each whole flow-through warrant will entitle the holder to purchase one additional non flow-through common share of the company at an exercise price of CAD 0.06 per common share for a period of 24 months from the date of issuance. Each non flow-through unit will consist of one non flow-through common share and one non flow-through common share purchase warrant. Each non flow-through warrant will entitle the holder to purchase one additional non flow-through common share of the company at an exercise price of CAD 0.05 per common share for a period of 24 months from the date of issuance. In connection with the private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The transaction is subject to approval by the TSX Venture Exchange. Annuncio • Nov 22
Metals Creek Resources Corp. Announces Channel Sample Assay Results from Recently Completed Trenching Program on the Shabaqua Corners Gold Property Metals Creek Resources Corp. announced channel sample assay results from recently completed trenching program on the Shabaqua Corners Gold Property. The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work. Channel sample results from the recently completed trenching program targeting multiple prospective gold targets have been received from Main Zone. Mineralization consisted of 2-10% pyrite and 0.25 to 3% arsenopyrite with associated quartz veining and pervasive iron carbonate alteration hosted within a zone of intense silicification and quartz stockwork with associated brecciation. Results include 29.4 grams per tonne (g/t) Gold (Au) over 0.6 meters (m) and 6.96 g/t Au over 0.9m. Four (4) Grab samples collected immediately north (4-6m) of the main zone mineralization returned gold assays ranging from 396 parts per billion (ppb) to 10.2 g/t Au indicating a potential parallel zone of mineralization as demonstrated in other gold zones within the Shebandowan Green stone Belt. Preliminary interpretation indicates gold mineralization occurs at or near the contact with mafic volcanics and sediments, with shearing and intense iron carbonate alteration as well as potential secondary structures to that of main zone. Further assays are pending and will be released as they are received and compiled. Historically, very little exploration work has been conducted on the project and management is highly encouraged with the trenching results to date. Over a short period of time, the company has been successful in discovering several new gold showings. The use of soil sampling has been instrumental in identifying prospective areas for trenching with pervasive overburden coverage. Utilizing this cost effective exploration tool has led to the discovery of five (5) new gold showings/zones. Due to significant overburden depths, several prospective gold in soil anomalies remain untested. With little to no drilling conducted on the property, the exploration potential at depth is very favorable as demonstrated on projects east of eastern boundary where gold grades and widths appear to increase with depth. All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. Samples with fire assay results above 1.0 g/t gold are reanalyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. The project is underlain by mafic volcanics with interbedded sediments. Gold mineralization is hosted within an east-west trending zone of pervasive carbonate alteration with associated quartz carbonate veins and pyrite/arsenopyrite. The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m. Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m. All samples were sent to activation Laboratories. New Risk • Nov 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$884k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$884k free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.74m market cap, or US$3.43m). Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Annuncio • Sep 22
Metals Creek Resources Corp. announced that it has received CAD 0.221436 million in funding On September 21, 2023, Metals Creek Resources Corp. closed the transaction. The company has issued 333,334 flow-through units at CAD 0.03 per unit for the gross proceeds of CAD 10,000.02 and 900,000 non flow-through units at CAD 0.03 per unit for the gross proceeds of CAD 27,000; for aggregate total gross proceeds of CAD 37,000.02 in its third and final tranche. The company has paid cash finder fees in the amount of CAD 600 and issued 20,000 finder warrants in connection with the third tranche, which are each exercisable for one common share of the company at CAD 0.06 for a period of 24 months from the date of issuance. New Risk • Jul 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.67m market cap, or US$3.54m). Minor Risk Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Annuncio • Jul 23
Metals Creeks Identifies Additional Gold Mineralization on the Shabaqua Corners Gold Property Metals Creek Resources Corp. announced the identification of another prospective area of gold mineralization through geological mapping and sampling on its recently acquired Shabaqua Corners property. The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work. Geological mapping and sampling has led to the identification of similar style mineralization (South Zone) to that of main zone with assays ranging from 7 parts per billion (ppb) Au to 2120 ppb (2.12 grams per tonne Au). South Zone is located approximately 25 meters (m) south of the main zone and exhibits similar style mineralization and alteration to that of main zone. Gold mineralization is hosted within an iron carbonate altered mafic volcanics with associated quartz carbonate veining and local stockwork. South Zone is striking roughly the same orientation to that of the main zone with mineralization open in both directions. Alteration consists of pervasive iron carbonate with strong silicification and mineralization entails trace to 3% disseminated pyrite with local trace arsenopyrite. The identification of similar style mineralization in close proximity to that of main zone further adds to the exploration potential of the Shabaqua Corners Gold Project. South Zone also validates the theory that parallel gold bearing structures are common within the Shebandowan Greenstone Belt as demonstrated within other projects in the Shebandowan Greenstone Belt. An exploration permit has been applied for, trenching in this and other areas on the property can take place when the permit is received. (Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.) Prospecting and geological mapping is ongoing with the aim of further delineating known gold mineralization along strike as well as continuing to evaluate other portions of the property. The eastern boundary of the property is located 1.57 kilometers(km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 g/t Au over 31m. Trenching conducted on Delta's ground 390m east of the property boundary, returned an interval of 2.22 g/t Au over 8m. All samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. Annuncio • Jul 07
Metals Creek Resources Corp. Announces the New Discovery of Additional High Grade Gold Mineralization on the Eastern Portion of the Shabaqua Corners Gold Property Metals Creek Resources Corp. announced the new discovery of additional high grade gold mineralization on the eastern portion of the Shabaqua Corners Gold Property. This new discovery is the second new gold discovery over the last several weeks which is a part of an ongoing prospecting and geological mapping program. The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The property has seen very little exploration work. Prospecting and mapping activities on the Shabaqua Corners gold Property continues to uncover areas of new gold mineralization within prospective areas outside of the Main Zone mineralization. This new zone of gold mineralization (East Zone) is located 397m east of Main Zone and returned assays ranging from 16 ppb (parts per billion) to 4116 ppb (4.16 grams per tonne). Gold mineralization is hosted within carbonate altered sediments which include conglomerates with associated quartz-carbonate veining and local stockwork striking roughly the same orientation to that of the main zone. Alteration is made of up strong silicification with pervasive iron carbonate. Mineralization consists of trace to 6% disseminated to stringer pyrite with trace to 2% arsenopyrite also present. Cubic pyrite is common throughout the alteration system and appears to be an important component for the presence of gold. Preliminary interpretation indicates gold mineralization occurs at the contact with mafic volcanics and sediments which is a high priority target for upcoming exploration work. An exploration permit has been applied for, so trenching within this and other areas on the property will take place once the permit is received. Management is highly encouraged with the recent success in discovering two new gold systems (Echo Zone and East Zone) outside of the main zone mineralization over a short period of time, demonstrating the strong exploration potential for additional discoveries through systematic prospecting. Annuncio • Jun 15
Metals Creek Resources Corp. Discovers New Mineralization Up to 11.4 G/T Gold on the Bag Lake Claim Block in Flint Lake Jv Property Metals Creek Resources Corp. announced that the Company has discovered new gold mineralization on the Bag Lake claim block within the Flint Lake JV property while performing prospecting in May 2023. The Property is operated through a joint venture agreement with Endurance Gold Corporation ("Endurance", "EDG"), in which Metals Creek holds an 81.3 % interest in the property and EDG holds the remaining 18.7%. The Flint Lake Property lies within the central portion of the east-west trending Wabigoon geological sub-province and is host to numerous underexplored greenstone hosted gold occurrences. This western portion of the Wabigoon greenstone belt is an emerging gold camp with developing projects from the Cameron Lake deposit by First Mining Gold and recently commissioned New Gold's Rainy River Mine. 14 grab samples were taken from the new zone of mineralization with assays ranging from 93 parts per billion (ppb) gold (Au) to 11,400 ppb Au (11.4 grams per tonne (g/t) Au). Gold mineralization is hosted within pervasively carbonatized mafic volcanics with associated silicification. Strong pyrite mineralization is present ranging from 2-10% exhibiting both cubic and finely disseminated textures with local trace galena. Quartz veining and stockwork shows an association with the finely disseminated sulphides and chlorite along contacts. Follow-up sampling/prospecting will take place later in the summer to further evaluate the on-strike extent of the newly discovered gold mineralization and determine if this new zone is an on-strike extension of the previously defined middle gold trend. Annuncio • Nov 16
Metals Creek Resources Corp. Drills 3.66 G/T Gold over 14.66 Meters At the Ogden Gold Project Metals Creek Resources Corp. announced results for the final 6 holes of a nine (9) hole diamond drill program on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator. Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested. Drilling at TOG targeted the potential of flat lying quartz bearing/siliceous secondary structures as well as strongly altered conglomerates and felsites. The altered conglomerates and felsites host pyrite +/- arsenopyrite and local free gold mineralization within the lowermost portion of the currently identified TOG fold structure. High-grade gold mineralization within TOG has a strong preferential association with the TOG fold axis, which has a shallow plunge to the east. TOG-22-74A returned a downhole intercept (351.40 - 366.06m) of 3.66 grammes per ton (g/t) gold (Au) over 14.66 meters (m) including 4.30m (361.76 - 366.06m) of 5.13 g/t Au, visible gold was noted in this intercept. This hole was drilled below hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m to better define our understanding of potential shallow dipping gold mineralization associated with interpreted secondary cross cutting mineralized structures. Strong albitization with associated silicification and local fuchsite are within an altered conglomerate. Mineralization consists of finely disseminated pyrite (1-6%) with associated arsenopyrite (0.5 - 2%). Local white quartz carbonate veinlets with associated pyrite is also present. Several clusters of visible gold are present along quartz-carbonate vein boundaries with associated pyrite mineralization. TOG-22-70 returned a downhole intercept (357.44 - 360.88m) of 1.96 g/t Au over 3.44m. A second zone of high-grade gold mineralization was cut, returning a downhole intercept of 0.73m (405.48 - 406.21m) of 12.7 g/t Au. This hole was drilled to further define mineralization above hole TOG-21-65A. Upper mineralization occurred at the contact between altered felsite and conglomerate with associated pyrite and arsenopyrite mineralization. Significantquartz veining is present locally. The second zone returning 12.7 g/t Au over 0.73m is hosted within a silicified intermediate dike with associated pyrite (4-5%) mineralization. OG22-046 returned a downhole intercept (142.24 - 150.00m) of 0.35 g/t Au over 7.76 m. This hole was drilled to test an SGH soil anomaly east of Thomas Ogden. Altered conglomerate and felsite were intersected with associated pyrite and arsenopyrite. With the presence of strong alteration and stratigraphy similar to that of TOG and associated anomalous gold values, management is highly encouraged with the potential of prospective stratigraphy east of TOG. Drill intercepts are core lengths and true width will be approximately 70 to 80% of drill intercept length. All data is currently being compiled in preparation for the next drill program. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Mal Spooner was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 29
Metals Creek Resources Corp. Reports Results from Recent Prospecting at Clark's Brook Property Metals Creek Resources Corp. reports results from recent prospecting at the Clark's Brook Property up to 10.1 grammes per tonne (g/t) Gold (Au). Previous work on the Property included geochemistry, prospecting and diamond drilling on the Clark's Brook East Zone in 2017 and 2018 by joint venture partner Sokoman Minerals Corp, who subsequently returned the property to MEK. The Clark's Brook West Zone has not been drill tested to date. The distance between the Clark's Brook East and Clark's Brook West Zones is approximately 1.75 kilometers. This sampling has extended the gold mineralization at the West Zone for approximately 35 meters. The Clark's Brook Property is located in central Newfoundland, 25 km southwest of Glenwood and straddles the Appleton Fault which appears to be a key conduit for gold mineralization and hosts the Newfound Gold's Keats Zone and was originally staked in 2016 to cover two untested gold showings. Limited drill testing at the Clark's Brook East Zone, subsequent to the property acquisition had significant results up to 1.004 g/t Au over 25.8 m and 26.878 g/t Au over 0.25m. The 100% owned property consists of 31 claim units (7.7 sq. km), surrounded by New Found Gold's Previous drilling tested the Clark's Brook East zone in ten holes. MEK is actively seeking a partner to continue drill testing the wide-spread gold mineralization. Annuncio • Sep 21
Clark's Brook Property in the Central Newfoundland Gold Belt Returned to Metals Creek Metals Creek Resources reported that General Copper Gold Corp. has terminated its agreement to acquire the Clark's Brook Property in central Newfoundland from Metals Creek. The Clark's Brook Property is located in central Newfoundland, 25 km west of Glenwood and was originally staked in 2016 to cover two untested gold showings. Limited drill testing subsequent to the property acquisition had significant results up to 1.004 g/t Au over 25.8 m and 26.878 g/t Au over 0.25m. The 100% owned property consists of 31 claim units (7.7 sq. km.), surrounded by New Found Gold's Queensway Project. In addition to Sokoman's drilling, General Copper Gold Corp. drilled four diamond drill holes in 2021. MEK is currently awaiting the data from these 4 holes from General Copper Gold. Once received MEK will complete a full compilation of the drill data, including a 3D model of the gold mineralization. Once completed MEK will look for a partner to continue drill test the wide-spread gold mineralization. Annuncio • Aug 19
Metals Creek Resources Corp. Drills 4.24 g/t Gold over 5.61 Meters at the Ogden Gold Project Metals Creek Resources Corp. announced results for 3 holes of a nine (9) hole diamond drill program on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator. Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested. Drilling at TOG targeted potential flat lying quartz bearing structures and zones of albitization and silicification with associated mineralization within the lowermost portion of the currently defined TOG fold structure. High grade gold mineralization has a strong preferential association with the TOG fold axis which has a shallow plunge to the east. TOG-22-71 returned a downhole intercept (324.63 - 336.77m) of 1.13 grammes per ton (g/t) gold (Au) over 12.14 meters (m), visible gold was noted in this intercept. A second zone of mineralization (284.95 - 286.00m) was intercepted returning 12.3 g/t Au over 1.05m. This hole was drilled to further define gold mineralization associated with the TOG fold structure (See attached Schematic Cross Section 1200W Fig. 1). This zone contains moderate to strong albitization, strong silicification and local fuchsite within an altered felsite unit. Fine-grained disseminated cubic pyrite is the dominant sulfide throughout as well as locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5%, with trace arsenopyrite and several fine specks of visible gold. TOG-22-72 returned a downhole intercept (354.34 - 356.35m) of 4.71 g/t Au over 2.01m. A second zone of mineralization was cut (373.00 - 376.40m) returning 1.67 g/t Au over 3.4m. This hole (See attached Schematic Cross Section 1175W Fig. 2) was drilled 25m east of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022) to facilitate a better understanding of potential shallow dipping gold mineralization associated with secondary structures. Alteration consists of moderate to strong albitization and silicification within an altered conglomerate unit with local fuchsite. Fine-grained disseminated cubic pyrite occurs throughout and locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5% along with trace arsenopyrite. TOG-22-73 returned a downhole intercept (346.25 - 351.86m) of 4.24 g/t Au over 5.61 m. This hole (See attached Schematic Cross Section 1225W Fig. 3) was drilled 25m west of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022). Like that of hole TOG-22-72, this hole was drilled to further define shallow dipping gold mineralization associated with secondary structures. A strongly altered felsite of intense albitization and silicification with associated wispy fuchsite alteration was intersected with fine-grained disseminated cubic pyrite throughout. Pyrite ranges from 1-5%with trace arsenopyrite and local fine specks of visible gold. Table of significant results: Drill intercepts are core lengths and true width will be approximately 70 to 80% of drill intercept length. Further results will be released once received and compiled. Remaining holes will be released once they are received and compiled. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Jun 11
Metals Creek Resources Corp. Announces Additional Diamond Drill Results from Drill Holes Dl22-029, 030 and 031 of the Phase III Diamond Drill Program At the Dona Lake Gold Project Metals Creek Resources Corp. announced additional diamond drill results from drill holes DL22-029, 030 and 031 of the phase III diamond drill program at the Dona Lake Gold project. Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the main zone stratigraphy, below the 455 level of the past producing Dona Lake Gold mine. Hole 029 intersected the Main Zone stratigraphy 499 meters below surface and returned a core length intercept of 11.80 grammes per ton (g/t) gold (Au) over 3.66 meters(m) (539.47-543.13m). This was a part of a broader zone of mineralization of 6.38 g/t Au over 11.33m (531.80-543.13m). Mineralization was hosted within a silicate sulfide iron formation with 0.5 to 25% pyrrhotite and local pyrite with associated grunerite and garnets. Visible gold was noted in this intercept. A second zone of mineralization was intercepted 516m below surface, which returned a core length intercept of 36.21 g/t Au over 2.47m, (558.63-561.10m). This second zone of mineralization is also within the main zone stratigraphy and is separated from the noted intercept above by 11m of felsic dike material. It is hosted within a moderately foliated and chloritized iron formation with 1-20% pyrrhotite and 2-10% pyrite. Visible gold was also noted in this intercept. A third zone of high-grade gold mineralization was intercepted 54m east (in the hanging-wall) of the main zone iron formation within quartz stockwork returning a grade of 67.10 g/t Au over 0.28m (470.35- 470.63m). This high-grade veining was intercepted 435m below surface and is hosted within sheared mafic volcanic adjacent to an intermediate dike. Significant visible gold (30 specks) was observed in association with moderate alteration consisting of sericite and 1-2% disseminated pyrite. Annuncio • May 19
Metals Creek Resources Corp. Drills 1.50 G/T Gold over 18.00 Meters At Dona Lake Metals Creek Resources Corp. announced additional diamond drill results from drill hole DL22-028 of the phase III diamond drill program at the Dona Lake Gold project. Results from drill hole DL22-028 continue to define gold mineralization within main zone, south of the mine workings as well as intercepting mineralization within B-Zone at the past producing Dona LakeGold mine. This hole targeted main zone stratigraphy outside the currently defined mineralized envelope, extending gold mineralization an additional 30m south within the deeper portion of the mineralized ironformation. This hole intersected the Main Zone stratigraphy 424 meters below surface and returned a core length intercept of2.56 grammes per ton(g/t) gold (Au) over 6.14 meters(m) (464.61 - 470.75m). This was a part of a broader zone of mineralization of 1.50 g/t Au over 18.00m (458.00 - 476.00m). A second zone ofmineralization was intercepted (B-Zone) 473m below surface, which returned a core length intercept of2.05 g/t Au over 9.11m, included in this is 8.88 g/t Au over 1.45m . Mineralization within the main zone intercept is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 1 to5% with local pyrite. Magnetite rich sections with local pyrrhotite stringers are locally present. The B-Zone intercept is characterized by trace to 15% disseminated to stringer pyrrhotite with minor pyrite. B-Zonehas seen limited drilling historically and represents a prospective target that remains open at depth. This phase III diamond drill program has successfully defined additional high-grade gold mineralization south of the Dona Lake mine workings. Deeper drilling targeting Main Zone stratigraphy below the lower most mine workings has further extended high grade gold mineralization down plunge to a vertical depth of 753m from recently reported drill hole DL22-025 returning ahigh-grade down hole intercept of 8.11 g/t over 9.51m. This hole represents the deepest hole to date on the Dona Lake property with gold mineralization remaining open at depth. True thickness is 70-80% of drill intercept length. Assays are pending for 3 drill holes at Dona Lake, results will be released once they are received and compiled. In addition, assays from Ogden drilling will be released once they are received and complied. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Mal Spooner was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 26
Metals Creek Resources Corp. Announces Additional Diamond Drill Results for Drill Hole DL22-027 from the phase III Diamond Drill Program At the Dona Lake Gold Project Metals Creek Resources Corp. announced additional diamond drill results for drill hole DL22-027 from the phase III diamond drill program at the Dona Lake Gold project. Results from drill hole DL22-027 continue to further define high grade gold mineralization south of the mine workings at the past producing Dona Lake Gold mine. This hole intersected the Main Zone stratigraphy 368 meters below surface and returned a core length intercept of 5.18 grammes per ton(g/t) gold (Au) over 5.33 meters(m) (403.45 - 408.78m). This was a part of a broader zone of mineralization of 2.64 g/t Au over 27.90m (399.95 - 427.85m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 1 to 4% with local pyrite. Magnetite rich sections with local pyrrhotite stringers are also present. Aside from pyrrhotite mineralization, alteration consists of strong hornblende and grunerite with local garnet alteration. This phase III diamond drill program has successfully defined additional high-grade gold mineralization south of the Dona Lake mine workings. Deeper drilling targeting Main Zone stratigraphy below the lowermost mine workings has further extended high grade gold mineralization down plunge to a vertical depth of 753m from recently reported drill hole DL22-025 returning a high-grade down hole intercept of 8.11 g/t over 9.51m. This hole represents the deepest hole to date on the Dona Lake property with gold mineralization remaining open at depth. Drill intercepts are core lengths and are believed to be 70% to 80% true thickness. Assays are pending for 4 drill holes at Dona Lake, results will be released once they are received and compiled. In addition, assays from Ogden drilling will be released once they are received and complied. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Annuncio • Apr 06
Metals Creek Dl22-025 Returns 14.10 G/T Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling Metals Creek Resources Corp. announce diamond drill results for drill hole DL22-025 from the phase III diamond drill program at the Dona Lake Gold project. Results from drill hole DL22-025 is the deepest intercept to date from Dona Lake drilling. This hole intersected the Main Zone stratigraphy 753 meters below surface and 299 meters below the lowermost mine working (455 Level) returning a core length intercept of 14.10 grammes per ton (g/t) gold (Au) over 3.97 meters (m) (798.35 - 802.32m). This was a part of a broader zone of high-grade mineralization of 8.11 g/t Au over 9.51m (792.81 - 802.32m). This hole clearly demonstrates the continuation of the main zone iron formation down plunge. The continued presence of strong to intense alteration with associated strong pyrrhotite mineralization is a further indication the mineralizing system remains very strong at depth and continues to validate the current geological model that gold bearing iron formations can be quite laterally extensive. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Aside from pyrrhotite mineralization, strong to intense alteration consists of strong hornblende, garnet and grunerite with significant overprinting of primary bedding structures. DL22-025 was drilled to test the interpreted center of the plunge line, piercing approximately 78 meters below the previously reported deepest hole DL22-024, which returned a core length intercept of 8.82 g/t Au over 3.90m. This was a part of a broader zone of mineralization of 3.42 g/t Au over 19.61m. Drill intercepts are core lengths and are believed to be 70-80% true thickness. Assays are pending for 5 drill holes at Dona Lake, results will be released once they are received and compiled. In addition, assays from Ogden drilling will be released once they are received and complied. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Mar 04
Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-022 and DL22-023 from the Phase III Diamond Drill Program At the Dona Lake Gold Project Metals Creek Resources Corp. announced diamond drill results for drill holes DL21-022 and DL22-023 from the phase III diamond drill program at the Dona Lake Gold project. Drill hole DL21-022 intersected the Main Zone stratigraphy at approximately 518 meters(m) below surface and 68m below the lowermost mine working (455 Level) returning a core length intercept of 3.45 grammes per ton gold (Au) over 10.13m (557.00 - 567.13m). This was a part of a broader zone of mineralization of 2.26 g/t Au over 22.04m (549.11 - 571.15m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 1 to 15% with local pyrite. Alteration consists of moderate to strong hornblende, garnet and grunerite. Primary banding within the iron formation has become more diffuse with an increase in alteration intensity. Visible Gold (VG) was noted in this intercept. Drill hole DL22-023 intersected the Main Zone stratigraphy at approximately 510m below surface and returned a core length intercept of 4.47 grammes per ton (g/t) gold (Au) over 1.83 meters(m) (586.01-587.84m). Mineralization is hosted within silicate-sulfide iron formation with disseminated to stringer pyrrhotite ranging from 1 to 15% and trace disseminated pyrite. VG was noted in this intercept. DL22-023 was the most northerly hole drilled by the Company to date as shown on the attached longsection in an attempt to further define the northern limit of gold mineralization within Main Zone. Drilling to date has successfully extended high grade gold mineralization 151m below the lower most mine working, or 596m below surface along with further defining high-grade mineralization 50m south of the Dona Lake mine workings. Drilling is ongoing and will continue to target the down plunge extension of the mine stratigraphy as well as test peripheral targets which include the North West Zone and the East Iron Formation. Drill intercepts are core lengths and are believed to be 70-80% true thickness. Drill results will be released once they are received and compiled. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Feb 08
Metals Creek Resources Corp. Commences Drilling At the Ogden Gold Project Metals Creek Resources Corp. announced the Company has commenced drilling on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator. This drill program will follow up on recently reported high grade mineralization within Thomas Ogden Zone as well as targeting newly identified Spatiotemporal Geochemical Hydrocarbon (SGH) soil anomalies both east and west of the Thomas Ogden Zone. Assay results will be released as they are received and compiled. Annuncio • Feb 02
Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-020A and DL21-021 from the Phase III Diamond Drill Program at the Dona Lake Gold Project Metals Creek Resources Corp. announced diamond drill results for drill holes DL21-020A and DL21-021 from the phase III diamond drill program at the Dona Lake Gold project Drill hole DL21-021 intersected the Main Zone stratigraphy at approximately 465 meters(m) below surface and 15m below the lowermost mine working (455 Level) returning a core length intercept of 8.55 grammes per ton (g/t) gold (Au) over 6.19m (506.81 - 513.00m). This was a part of a broader zone of mineralization of 5.14 g/t Au over 12.76m (506.81 - 519.57m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Alteration consists of moderate to strong hornblende, grunerite and occasional garnets. With an increase in alteration, primary banding within the iron formation has become more diffuse. The bottom portion of this unit sees an increase in magnetite content with associated amphiboles. Drill hole DL21-020A intersected the Main Zone at approximately 320m below surface and returned a core length intercept of 4.35 grammes per ton (g/t) gold (Au) over 4 meters(m) (396.6-400.6m). Mineralization is hosted within silicate-sulfide iron formation with disseminated to stringer pyrrhotite ranging from 1 to 8% and trace disseminated pyrite. Drilling to date has successfully extended high grade gold mineralization 151m below the lower most mine working, or 596m below surface along with further defining high-grade mineralization 50m south of the Dona Lake mine workings. Drilling is ongoing and will continue to target the down plunge extension of the mine stratigraphy as well as test peripheral targets which include the North West Zone and the East Iron Formation. Drill intercepts are core lengths and are believed to be 70-80% true thickness. Drill results will be released once they are received and compiled. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Jan 29
Metals Creek Resources Corp. Drills 9.2 G/T Gold over 4.47 Meters At the Ogden Gold Project Metals Creek Resources Corp. announce results for six holes recently drilled on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator. The Thomas Ogden Zone (TOG) was the main focus of the drill program, totalling 2,076 meters. By means of oriented core, the program's emphasis was to further define the orientation of high-grade cross cutting veins and mineralization, as well as determining true orientations of contacts, fold structures and faults within a very complex sequence of stratigraphy. Three of the six holes drilled had visible gold. Highlights of the drilling include: TOG 21-065A which returned a downhole intercept of 9.2 grammes per ton (g/t) gold (Au) over 4.47 meters (m). This hole was drilled approximately 325 meters east of hole TOG-13-025 which returned 210.19 g/t Au over 12.53 M. Clusters of visible gold were observed in TOG 21-065A between 350.62 and 352.25m. Specks and blebs of gold vary in coarseness between <0.25 and 3 mm, mainly occurring adjacent to or within, narrow white/translucent quartz stringers/patches of silicification. The zone is characterized as a strongly (silica/albite/iron carbonate) altered felsite unit. Very-fine to fine- grained disseminated cubic pyrite is the dominant sulfide and occurs throughout the altered matrix as well as locally within white quartz-carbonate veinlets. Chalcopyrite is locally present at both the upper and lower contacts to this gold bearing interval. Holes TOG 21-66,67,68 and 69 targeted the near surface portion of the TOG fold structure further defining the orientation of cross cutting gold bearing quartz veins and the geometry of the fold limbs. Holes TOG 21-64 and 65A targeted flat lying quartz bearing structures and zones of albitization and silicification within the lowermost portion of the TOG fold structure resulting in the identification of gold mineralization within cross cutting quartz stringers and associated silicification within highly altered TOG stratigraphy. Future drilling will continue to target the down plunge extension of Thomas Ogden fold structure as well as further evaluating the encouraging results from hole 65A. Annuncio • Jan 19
Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-018 and DL21-019 from the Phase III Diamond Drill Program Metals Creek Resources Corp. announced diamond drill results for drill holes DL21-018 and DL21-019 from the phase III diamond drill program at the Dona Lake Gold project. Drill hole DL21-019 intersected the Main Zone stratigraphy at approximately 424m below surface and returned a core length intercept of 6.0 grammes per ton (g/t) gold (Au) over 4.75 meters(m) (448.55 - 453.30m). This was a part of a broader zone of mineralization of 3.0 g/t Au over 24.5m (438.00 - 462.50m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 7% with local pyrite. Abundant sections of silicate-oxide iron formation with associated magnetite is also present in this intercept. Alteration consists of moderate to strong hornblende, grunerite and garnets with locally strong folding. This intercept is located between the 360 and 455 level and south of the mine workings and continues to further define the high- grade gold mineralization south of the mine workings. Drill hole DL21-018 intersected the Main Zone at approximately 505m below surface and returned a core length intercept of 1.3 grammes per ton (g/t) gold (Au) over 11.50 meters(m) (516.00 - 527.50m). Drilling to date has successfully extended high grade gold mineralization 151m below the lower most mine working (445m below surface) or 596m below surface along with further defining high-grade mineralization 50m south of the Dona Lake mine workings. Drilling is ongoing and will continue to target the down plunge extension of the mine stratigraphy as well as test peripheral targets which include the North West Zone and the East Iron Formation. The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp - see news release dated 13 June 2019) and is located in the Pickle Lake Greenstone Belt which is hostto several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Ogden Gold Project The Company is awaiting final results from the recently completed 6 hole drill program at Ogden. Results are expected soon and will be released once received and compiled. The deep-section induced polarization (IP) ground geophysical survey have resumed. Upon completion of the IP survey and compilation of data is complete, priority targets will be generated utilizing the recently identified SGH gold soil anomalies (See News Release December 13, 2021), the deep section IP results as well as incorporating the structural data from the oriented core from the recently completed drill program. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. Annuncio • Dec 24
Metals Creek Resources Corp. announced that it has received CAD 1.00914 million in funding from Fieldhouse Capital Management Inc. and other investors Metals Creek Resources Corp. announced a non-brokered private placement of 4,587,000 flow-through units at a price of CAD 0.22 per flow-through unit for gross proceeds of CAD 1,009,140 on December 23, 2021. Each flow-through unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.3 per share for a period of three years from the date of closing. The transaction included participation from new investor, Cordillera Minerals 2021 Flow-Through Limited Partnership, a fund managed by Fieldhouse Capital Management Inc. The securities are being subject to four months and one day hold period. The company will have the option to accelerate warrant expiration, 30 days from notice date, if common shares trade at or above CAD 0.45 for 60 consecutive trading days. No cash finders' fees or finders' warrants were paid in connection with the financing. Annuncio • Sep 25
Metals Creek Resources Corp. Commences Drilling on the Ogden Gold Project in Timmins, Ontario Metals Creek Resources Corp. announced the Company has commenced drilling on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator. The Thomas Ogden Zone (TOG) will be the main focus of this drill program with emphasis on further defining the orientation of high-grade cross cutting veins and mineralization as well as determining the spacial association of high-grade mineralization associated with cross-cutting structures and veins within these fold structures. Oriented core is being utilized. Assay results will be released as they are received and compiled. Annuncio • Aug 19
Metals Creek Resources Corp. Reports Final Results from Recently Completed Drilling At Dona Lake Metals Creek Resources Corp. announced final diamond drill results for drill holes DL21-016 and DL21-017 from the phase II diamond drill program at the Dona Lake Gold project. Drill hole DL21-017 returned a core length intercept of 2.17 grams per ton (g/t) gold (Au) over 15.70 meters(m) (568.40 - 584.10m). Included in this interval was 3.94 g/t Au over 4m (568.40 - 572.40m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 1 to 5% with local pyrite. Sections of silicate-oxide iron formation with magnetite is also present. Drill hole DL21-016 intersected the main zone at approximately 596m below surface and returned a core length intercept of 5.0 g/t Au over 3m. This was a part of a broader zone of mineralization of 2.39 g/t Au over 11.42m (625.58 - 637.00m). (See Table 1 Significant Results). Mineralization consisted of 3-12% pyrrhotite with local pyrite. Alteration consists of moderate to strong grunerite, amphibole and garnets with strong folding also present locally. Hole DL21-016 intercepted the main zone stratigraphy approximately 58m north along strike and roughly the same elevation as hole DL21-010, which was the deepest hole drilled to date on the Dona Lake project. A 3m felsic dike was present within the high-grade mineralization in hole 016 resulting in a narrower high-grade intercept. Both holes DL21-010 and DL21-016 continue to demonstrate the continuation of high-grade iron formation at depth below current drilling to date. Further delineation of the high-grade mineralization below the current drilling will be a high priority in the upcoming drill program scheduled for this fall. Drill intercepts reported in this hole are not true widths. There is insufficient data at this point to determine a true orientation. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. To date Metals Creek have drilled 17 holes at Dona Lake. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Aug 13
Metals Creek Resources Corp. Initiates Exploration on the Ogden Gold Project Metals Creek Resources Corp. announced the Company has commenced exploration activities at the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation with the Company serving as the operator. Diamond Drilling is expected to commence as soon as a drill rig becomes available. The Thomas Ogden Zone will be the main focus of the upcoming drill program with emphasis on further defining the orientation of high-grade cross cutting veins and mineralization as well as determining the special association of high-grade mineralization associated with cross-cutting structures as seen down plunge along the Thomas Ogden fold structure. Core orientation will be utilized. Ground geophysics consisting of Deep Section Induced Polarization (IP) will take place over Naybob South, Thomas Ogden (TOG) and Thomas Ogden West (TOGW) to help further define the down plunge orientation of the fold axis and mineralization at depth of both TOG and TOGW as well as further defining the plunge direction of known sulfide mineralization within Naybob South below existing drill data. Commencement of this program is expected to take place the latter portion of September. A crew has been mobilized to Timmins and Spatiotemporal Geochemical Hydrocarbon (SGH) sampling has been initiated for the remaining portion of the property based on the success of the initial SGH program. This SGH sampling program (Phase 2) will continue to fill in gaps between TOG and South Zone, as well additional sampling to both the eastern and western boundaries. SGH can greatly expedite the target generation process, potentially resulting in substantial cost savings when evaluating and ultimately elineating these potential targets with the extensive overburden coverage on the property. Annuncio • Jul 06
Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Hole DL21-014 from the Phase II Diamond Drill Program at the Dona Lake Gold Project Metals Creek Resources Corp. announced diamond drill results for drill hole DL21-014 from the phase II diamond drill program at the Dona Lake Gold project. Drill hole DL21-014 intersected the Main Zone at approximately 427m below surface and returned a core length intercept of 13.1 grammes per ton (g/t) gold (Au) over 2.00 meters (m) (460.00 - 462.00m). This was a part of a broader zone of mineralization of 4.08 g/t Au over 20.85m (460.00 - 480.85m). (See Table 1 Significant Results). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 12% with local pyrite. Sections of silicate-oxide iron formation with magnetite present. Alteration consists of moderate to strong hornblende, grunerite and garnets with strong folding. This intercept is located south of the mine workings between the 360 and 455 level. Previously released holes DL21-07, 11 and 12 which are also south of the mine workings and between levels 360 and 455 in conjunction with hole DL21-014 continue to clearly demonstrate that high grade mineralization remains south of the mine workings above the 455 level. Drilling has also successfully continued to delineate high grade mineralization below the 455 level along with further defining remaining high-grade mineralization south of the Dona Lake mine workings. Future drilling will continue to target the down plunge extension of the mine stratigraphy and continue to build on recent success in delineating high grade mineralization remaining south of the mine workings as well as testing for any high-grade mineralization north of the mine workings. Drill intercepts reported in this hole are not true widths. There is insufficient data at this point to determine a true orientation. Drill results will be released once they are received and compiled. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Annuncio • Jul 03
Metals Creek Resources Corp. Option Partner General Gold Resources Commences Drilling on Clark's Brook Property, Central Newfoundland Metals Creek Resources Corp. announced that the Company has been advised by its option partner General Gold Resources Inc. that General Gold will commence drilling on the Clark's Brook property the week of July 5,
2021. The Clark's Brook property comprises 31 claim units in central Newfoundland and is surrounded on three sides by the Queensway project, currently being explored and drilled by New Found Gold Corp. Annuncio • Jun 25
Metals Creek Receives Exploration Permits for Ogden Gold Project Metals Creek Resources Corp. announced the Company have received Exploration permits for planned work at the Ogden Gold Project in Timmins Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont whereas MEK is the operator. The Company has received exploration permits to conduct diamond drilling, line cutting and ground geophysics with priority focus on the Thomas Ogden Zone and Naybob South. The exploration program is expected to commence in the coming weeks. Diamond Drilling is expected to commence the latter part of July, dependant on drill rig availability. The Thomas Ogden Zone will be the main focus of the upcoming diamond drill program with emphasis on further defining the orientation of high-grade cross cutting veins as well as mineralization associated with cross-cutting structures as seen down plunge along the Thomas Ogden fold structure. Core orientation will be utilized. Ground geophysics consisting of Deep Section Induced Polarization (IP) will also take place over Naybob South, Thomas Ogden (TOG) and Thomas Ogden West (TOGW) to help further define mineralization down-plunge associated with fold structures of TOG and TOGW as well as further defining the plunge direction of known sulfide mineralization within Naybob South. Executive Departure • Jun 12
Independent Director Lorne Woods has left the company On the 10th of June, Lorne Woods' tenure as Independent Director ended after 8.9 years in the role. As of March 2021, Lorne still personally held only 35.00k shares (CA$1.1k worth at the time). Lorne is the only executive to leave the company over the last 12 months. Annuncio • Jun 08
Metals Creek Resources Corp. Announces Diamond Drill Results for Three Drill Holes from the Ongoing Phase II Diamond Drill Program at the Dona Lake Gold Project Metals Creek Resources Corp. announced diamond drill results for three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project. Drill hole DL21-012 intersected the Main Zone at approximately 410m below surface and returned a core length intercept of 5.49 grammes per ton (g/t) gold (Au) over 8.70 meters(m) (449.00 - 457.70m). This was a part of a broader zone of mineralization of 3.04 g/t Au over 25.05m (439.85 - 464.90m). (See Table of significant results Below). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 3 to 15% with local pyrite as well as sections of silicate-oxide iron formation with magnetite comprising 10-25% of unit. Alteration consists of moderate to strong grunerite, hornblende and garnets with strong folding also present locally. This intercept is located south of the mine workings between the 360 and 455 levels and located 15m north of hole DL21-007. Hole DL21- 012 along with hole DL21-007 continues to demonstrate the potential for high grade gold mineralization south of the mine workings. Drill hole DL21-011 intersected Main Zone at approximately 350m below surface and returned a core length intercept of 0.91 g/t Au over 16.25m (401.20-417.45m), including 1.15 g/t Au over 8.65m (408.00-416.65m). B-Zone was also intercepted returning a core length intercept of 1.70 g/t Au over 18.90m (429.70 - 448.60m), including 10.10 g/t Au over 1.15m (447.45 - 448.60m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite. Local pyrite is also present locally. Alteration includes strong silicification with locally moderate to strong hornblende, garnet and biotite in conjunction with locally strong folding. This intercept is located south of the mine workings between the 360 and 455 levels. Hole DL21-010 returned the deepest intercept to date at the past producing Dona Lake Gold mine returning a core length intercept of 1.29 g/t Au over 10.84m (621.43 - 632.27m) including 3.20 g/t Au over 2.20m (626.50 - 628.70m) penetrating Main Zone at approximately 597m below surface. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite with local pyrite. Alteration includes moderate to strong amphibole, garnet alteration. Drilling is ongoing and results will be released once they are received and compiled. The Dona Lake Gold Project was optioned from Newmont Corporation and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,122 hectares and covers the past producing Dona Lake Mine. Annuncio • Jun 02
Metals Creeks Announces High-Grade Gold Results from Flint Lake Sampling Program Metals Creek Resources Corp. announced that the company has been informed by Manning Ventures Inc. of the results from a recent ground exploration program at the Flint Lake gold project, located in Ontario, Canada. The Flint Lake property is subject to an option agreement with Metals Creek Resources whereby Manning has the right to earn a 100% interest of Metals Creeks 81.3 % interest in the Flint Lake project. The other 18.7% is owned by Endurance Gold Corp. Ten random, unbiased samples were grabbed from each of the three quartz/carbonate piles with an additional five samples collected from loose muck lying on the ground for a total of thirty-five samples. Samples were bagged and labelled individually for assay and sent to Actlabs in Thunder Bay for gold analysis. The stockpile sampling program resulted in assays from detection limit (<5 ppb) to 350.0 grams-per-tonne ("g/t") gold ("Au"). The piles are considered to be well mixed and therefore the random sampling from each is considered to represent approximate grades of each. Based upon the assay results and type of material the gold is hosted in, it appears the gold is coarser free gold that should be amenable to extraction via normal milling methods. All samples were processed at Actlabs by fire assay. The fire assays have an upper limit of 5 g/t. Protocol used for gold analysis at Actlabs ensure that any samples >1 g/t Au are to have gravimetric analysis and any samples >5 g/t Au are to have pulp metallic analysis to determine if any coarse gold is getting caught in the screens. Based upon the analytical evidence, it appears the gold is coarser free gold, as gold grades increased with gravimetrics and furthermore by metallic analysis. The results show an average increase in gravimetric grade of 3.7% over fire assay results. When comparing gravimetric results of samples >5 g/t Au to the pulp metallic analysis, the average gold grade increases by 13%. Prospecting took place along strike of the historic mine (trench) by traversing in a zipper pattern; back and forth across what is thought to be the extension of the high-grade quartz/carbonate veining. There is a coincident and fairly moderate northwest striking magnetic low along strike that is interpreted to be the deformation zone hosting the quartz/carbonate veining. The traverse was entirely in thick cedar swamp with no knobs of outcrop. Annuncio • May 08
Metals Creek Resources Corp. (TSXV:MEK) acquired 298 claim units in 4 licenses in the Central Newfoundland Gold Belt. Metals Creek Resources Corp. (TSXV:MEK) acquired 298 claim units in 4 licenses in the Central Newfoundland Gold Belt on May 7, 2021.
Metals Creek Resources Corp. (TSXV:MEK) completed the acquisition of 298 claim units in 4 licenses in the Central Newfoundland Gold Belt on May 7, 2021. Annuncio • Mar 18
Metals Creek Resources Corp. announced that it has received CAD 3.955197 million in funding from Crescat Capital On March 17, 2021, Metals Creek Resources Corp. (TSXV:MEK) closed the transaction. The company issued 6,107,326 non flow-through units and 21,889,276 flow-through units for gross proceeds of CAD 3,955,197.26. The transaction included participation from Crescat Capital for 9,090,910 flow-through units, representing 7.15% of the total issued and outstanding common shares of the Company on a non-diluted bases and 14.3% on a partially-diluted basis. The company paid finders' fees of CAD 81,126.35 in connection with this financing as well as the issuance of finders' warrants in the amount of 177,818 which are each exercisable for one common share of the company at CAD 0.165 for a period of 24 months from the date of issuance. Annuncio • Feb 24
Metals Creek Outlines SGH Gold Anomalies At Ogden Gold Project Metals Creek Resources Corp. announced it has received encouraging results from it's Spatiotemporal Geochemical Hydrocarbon ("SGH") Gold survey conducted in September, 2020 at its Ogden Gold property in the heart of the Timmins Gold Camp. During Phase 1 of the SGH program, Metals Creeks collected 235 samples spread over two separate areas, targeting the Porcupine Destor Fault stratigraphy East and West of the Thomas Ogden Gold (TOG) zone. This program was initiated to determine if SGH could be used as an exploration tool to identify gold targets below the extensive overburden coverage on the Ogden property. As shown on the attached pathfinder class maps (Figure 1 Ogden SGH Anomalies), this survey was very successful in delineating buried gold targets over prospective stratigraphy. SGH is a deep penetrating geochemistry that involves testing for specific hydrocarbons which are a result from the decomposition of bacteria and microbes that feed on the target commodities as they require inorganic elements to catalyze the reactions necessary to develop hydrocarbons. These residues subsequently migrated to the surface as a flux of different classes of hydrocarbons. The subjective SGH signature rating for Ogden East and West are as follows: Ogden East - a rating of 4.5 on a scale of 6.0 for Gold. Ogden West - a rating of 5.0 on a scale of 6.0 for Gold. Metals Creek is in the process of planning for additional sampling based on the success of this initial program. Phase 2 will continue to complete the gaps between TOG and South Zone, as well as the western property boundary and TOG, and east of South Zone to the eastern property boundary. With greater than 97% of the project covered by overburden, SGH can greatly expedite the target generation process; potentially resulting in substantial cost savings when evaluating and ultimately delineating these potential targets. Samples will be collected on 100m spaced grid lines with sample spacings of 25m like that of phase 1. Annuncio • Feb 18
Metals Creek Resources Corp. announced that it expects to receive CAD 3.5 million in funding Metals Creek Resources Corp. (TSXV:MEK) announced a non-brokered private placement of 4,545,454 non flow-through unit at CAD 0.11 per non flow-through unit for gross proceeds of up to CAD $500,000 and 20,000,000 super flow-through units at CAD 0.015 per unit for gross proceeds of up to CAD 3,000,000, for aggregate proceeds of up to CAD 3,500,000 on February 17, 2021. Each non flow-through unit will consist of one common share and one common share purchase warrant and each super flow-through unit will consist of one flow-through common share and one common share purchase warrant, with each full warrant, being exercisable for one common share of the company at an exercise price of CAD 0.165 for a period 24 months from the date of issuance. The company anticipates closing of the transaction on or before March 15, 2021. All securities issued pursuant to the transaction are subject to a four-month hold period. The company may pay finders' fees in the form of cash and/or finder warrants, such finder warrants to be issued on the same terms and pricing as the warrants. The transaction remains subject to TSX Venture Exchange approval. Annuncio • Feb 02
Metals Creek Resources Corp Hits Gold in Deepest Known Drill Hole At the Dona Lake Gold Mine, Increases Drilling to 5,000 Meters Metals Creek Resources Corp. announced diamond drill results for the first three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project. Hole DL20-004 returned the deepest intercept to date at the past producing Dona Lake Gold mine based on currently available data. This hole penetrated the Main Zone at approximately 573m below surface and returned a core length intercept of 5.31 grams per tonne (g/t) gold (Au) over 6.65 meters (m) (607.25-613.9). This was a part of a broader zone of mineralization of 3.64 g/t Au over 11.75 m (607.25-619.0m). Mineralization is hosted within silicate-sulfide iron formation and
characterized by stringer to disseminated pyrrhotite ranging from 3 to 20% with local pyrite and as well as sections of silicate-oxide iron formation. Alteration includes strong silicification with local quartz veining and locally moderate to strong grunerite, hornblende and biotite in conjunction with local folding. Hole DL20-006 was collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings at approximately 183m vertically. The first zone, which is interpreted to be the Main Zone, returned a core length intercept of 1.13 g/t Au over 16.90 m (222.9-239.8m), Included in this intercept is 6.17 g/t Au over 1m where three 0.5mm sized flakes of Visible Gold (VG) was noted. A second zone of mineralization interpreted to be the "B" Zone, returned a down hole intercept of 2.21 g/t Au over 11.85 m (252.90-264.75m), included in this intercept is 7.25 g/t Au over 1.97m (262.78-264.75m). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 40% with local pyrite. Magnetite is also present within sections of banded silicate-oxide iron formation. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite with local folding. DL20-005 was collared to test 190m vertically from surface and also located south of the Dona Lake Mine workings. The hole ran through a fault zone and did not intersect the targeted gold hosting horizon. In addition to these results, the Corporation would also like to announce an increase in the planned meterage from the previously announced diamond drill program of 2,500m to 5,000m based on encouraging results to date. A large portion of this program will focus on deeper portions of mineralization between levels 360 to 455 as well as further expanding on mineralization returned from holes DL20- 003 and hole DL20-004 both of which are below existing mine workings. Drill intercepts reported in these holes are not true widths. There is insufficient data at this point to determine a true orientation. Historic drill intercepts referenced in this news release and presentation are historical in nature and have not been verified by the Corporation. Reported intercepts are not true widths. At this time, there is insufficient data to calculate a true orientation. Annuncio • Dec 19
Metals Creek Resources Corp. announced that it has received CAD 0.784414 million in funding Metals Creek Resources Corp. (TSXV:MEK) announced a non-brokered private placement of 7,060,000 non flow-through unit and at CAD 0.05 per non flow-through unit for gross proceeds of CAD 353,000 and 7,190,234 flow-through units at CAD 0.06 per unit for gross proceeds of CAD 431,414.04, for aggregate proceeds of CAD 784,414.04 on December 17, 2020. Each non flow-through unit will consist of one common share and one common share purchase warrant and each flow-through unit will consist of one flow-through common share and one-half of one common share purchase warrant, with each full warrant, in each case, being exercisable for one common share of the company at an exercise price of CAD 0.10 for a period 18 months from the date of issuance. All securities issued pursuant to the Financing are subject to a four-month and one day hold period. The company paid finder’s fee of CAD 50,834.98 and issued 333,338 finders warrants. The transaction included participation from Aston Minerals for 4,000,000 non flow-through units for a total of CAD 200,000 and insiders of the company for 400,000 non flow-through units, and 200,000 flow-through units. Annuncio • Nov 19
Metals Creek Resources Corp. Announces the Commencement of A Minimum 2,500 Meter Diamond Drilling Program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario Metals Creek Resources Corp. announce the commencement of a minimum 2,500 meter diamond drilling program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario. This upcoming program is designed to further test for gold mineralization immediately south of the Dona Lake Mine including both the Main and B-Zone mineralized horizons. Deeper drilling will also take place further evaluating the continuation of gold mineralization below the lower most level (455L) of the Dona Lake mine. A part of this deeper drilling will be to test for gold mineralization below hole DL20-03 which intercepted mineralization at 500m vertically below surface. The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Property consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,063 hectares and covers the past producing Dona Lake Mine. Currently there are four known gold bearing oxide iron formations that host gold mineralization on the Dona Lake Gold Project. During compilation work by company personnel, it was determined that the deepest hole found to date was drilled approximately 100m below the mine workings of the Main Zone (455m). This hole (455-2) returned a down hole intercept of 4.36 grams per tonne (g/t) Gold (Au) over 21.08 meters (m) indicating the continuation of mineralization at depth below the bottom level (455 Level) of the Dona Lake Mine Main Zone. The above mentioned drill intercept is historical in nature and have not been verified by the company. Reported intercept is not true width. At this time there is insufficient data to calculate a true orientation. A second zone (B Zone), footwall to the Main Zone, was partially drilled off but only saw limited development and test mining and is open at depth with limited drilling along strike. B Zone is defined as a steeply plunging zone with similar style mineralization to that of Main Zone. Management will continue to monitor the COVID-19 situation and adjust plans as the situation evolves. Metals Creek thanks partners and all stakeholders for their understanding and support, and looks forward to commencing field operations with extra measures in place to protect employees, contractors and communities from transmission of COVID-19 such as Personal Protective Equipment and Physical Distancing. Annuncio • Oct 05
Metals Creek Resources Corp. Announces Diamond Drill Results from the Initial Two Drill Holes of the Corporation's First Diamond Drilling Program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario Metals Creek Resources Corp. announced diamond drill results from the initial two drill holes of the Corporation's first diamond drilling program on the Dona Lake Gold Project (the "Project") in the Pickle Lake Gold Camp, Ontario. A total of 1411 meters were drilled in two shallow holes that tested both the Main Zone and B Zone stratigraphy and a deep hole testing for the continuation of gold mineralization below the lower most level of the Dona lake Mine (455 level). Hole DL-20-002 was collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings at approximately 220m below surface. The first zone which is interpreted to be the Main Zone and returned a core length intercept of 8.45 grams per tonne (g/t) Gold (Au) over 3.15 meters (m) (254.85-259.00m). This intercept was a part of a broader zone of mineralization returning a core length intercept of 5.67 g/t Au over 5.15m (254.85-260.00m). Mineralization is hosted within silicate- sulfide iron formation and characterized by stringer to semi-massive pyrrhotite ranging from 3 to 40% with local pyrite and magnetite. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite in conjunction with strong folding. A second zone of mineralization further down hole returned a core length intercept of 2.34 g/t Au over 9.2m (278.60-287.80m). Mineralization is hosted within silicate-sulfide iron formation with 1% to 6% disseminated to stringer pyrrhotite as well as trace to 1% pyrite and local magnetite. Alteration consists of Strong silicification with quartz veining and local biotite, garnet and grunerite. This second zone of mineralization is interpreted to B-Zone. Hole DL20-001 was also collared to test the continuation of gold mineralization south of the Dona Lake mine at 121m level below surface. The Main Zone returned a core length intercept of 4.53 g/t Au over 1m (139.00-140.00m). Mineralization consisted of 1 to 2% disseminated pyrrhotite with associated strong silicification and quartz veining. Drill intercepts reported in holes DL20-001 and 002 are not true widths. There is insufficient data at this point to determine a true orientation. The Corporation is still awaiting assays for hole DL20-003. Hole 003 was drilled to test for the continuation of gold mineralization below the lower most level (455 level) of the Dona Lake mine. Assays will be reported once they are received and compiled. Metals Creek is in the early stages of its planned exploration programs, this initial drilling clearly demonstrates that there is additional gold mineralization outside of the previously mined area of the Main Zone at Dona lake. The Dona Lake Gold Project was optioned from Newmont Corporation (previously Newmont Goldcorp -see news release dated 13 June 2019) and is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,063 hectares and covers the past producing Dona Lake Mine. Currently there are four known gold bearing oxide iron formations that host gold mineralization on the Dona Lake Gold Project. During compilation work by Corporation personnel, it was determined that the deepest hole found to date was drilled approximately 100m below the mine workings of the Main Zone (455m). This hole (455-2) was drilled by Placer Dome (Mine Operator) and returned a down hole intercept of 4.36 g/t Gold over 21.08 meters indicating the continuation of mineralization at depth below the bottom level (455 Level) of the Dona Lake Mine Main Zone. A second zone (B Zone), footwall to the Main Zone, was partially drilled off by Placer Dome (Mine Operator) but only saw limited development and test mining and is open at depth with limited drillingalong strike. B Zone is defined as a steeply plunging zone with intersections including 14.17 g/t Au over 15.31 m, 9.9 g/t Au over 10.6 m, 7.85 g/t Au over 5.85m and 12.44 g/t Au over 4.6m. The above-mentioned historic drill intercepts are historical in nature and have not been verified or validated by the Corporation. Reported intercepts are not true widths. At this time there is insufficient data to calculate a true orientation. Annuncio • Sep 18
Metals Creek Resources Corp. Announces Final Results from Its Recently Completed Diamond Drill Program from the Dona Lake Gold Project Metals Creek Resources Corp. announced the final results from its recently completed diamond drill program from the Dona Lake Gold project. Hole DL20-003 was designed to test for the continuation of gold mineralization below the lower most level of the Dona lake Mine (455 level). This hole penetrated the Main Zone at approximately 500m below surface and returned a core length intercept of 8.07 grams per tonne (g/t) Gold (Au) over 7 meters (m) (531.6 - 538.6 m). Included in this intercept is a high grade intercept of 17.6 g/t Au over 1 m. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to semi- massive pyrrhotite ranging from 3 to 30% with local pyrite and magnetite. Alteration includes strong silicification with associated quartz veining and locally moderate to strong grunerite, garnet and biotite in conjunction with strong folding. Holes DL20-001 and DL20-002 which were reported in the last news release, were collared to test the continuation of gold mineralization immediately south of Dona Lake mine workings. Included in this release was hole DL20-002 which returned a core length intercept of 8.45 g/t Au over 3.15m (254.85-259.00m). This intercept was a part of a broader zone of mineralization returning a core length intercept of 5.67 g/t Au over 5.15m (254.85-260.00m). Drill intercepts reported in holes DL20-001, 002, and 003 are not true widths. There is insufficient data at this point to determine a true orientation. Currently, the Corporation in is the final stage of planning holes for an upcoming drill program (Phase 2) for this coming fall. The Dona Lake Gold Project was optioned from Newmont Corporation is located in the Pickle Lake Greenstone Belt which is host to several historic mines including the Dona Lake mine, the Central Patricia mine and the Pickle Crow mine. Dona Lake is accessible by an all-weather road southeast from the Town of Pickle Lake. The Project consists of 32 patented and leased mining claims and 35 map staked claims totaling approximately 1,063 hectares and covers the past producing Dona Lake Mine. Currently there are four known gold bearing oxide iron formations that host gold mineralization on the Dona Lake Gold Project. During compilation work by Corporation personnel, it was determined that the deepest hole found to date was drilled approximately 100m below the mine workings of the Main Zone (455m). This hole (455-2) was drilled by Placer Dome (Mine Operator) and returned a down hole intercept of 4.36 g/t Gold over 21.08 meters indicating the continuation of mineralization at depth below the bottom level (455 Level) of the Dona Lake Mine Main Zone. A second zone (B Zone), footwall to the Main Zone, was partially drilled off by Placer Dome (Mine Operator) but only saw limited development and test mining and is open at depth with limited drilling along strike. B Zone is defined as a steeply plunging zone with intersections including 14.17 g/t Au over 15.31 m, 9.9 g/t Au over 10.6 m, 7.85 g/t Au over 5.85m and 12.44 g/t Au over 4.6m. Annuncio • Jul 17
Metals Creek Resources Corp. announced that it has received CAD 0.211 million in funding Metals Creek Resources Corp. (TSXV:MEK) announced a non-brokered private placement of 3,516,666 flow-through units at CAD 0.06 per flow-through unit for gross proceeds of CAD 210,999.96 on July 14, 2020. Each flow-through unit consisted of one flow-through common share and one-half of one common share purchase warrant, with each full warrant being exercisable for one non flow-through common share of the company at a price of CAD 0.1 per share for a period 24 months from the date of issuance of such warrant. All securities issued in the transaction will be subject to a four-month hold period. The company paid finders' fees of CAD 14,770 in cash and issued 213,333 finders' warrants, which are exercisable at CAD 0.1 for a period of 24 months from the date of issuance. 