Announcement • Jun 11
Metals Creek Resources Continues To See Encouraging Visuals In Third Drill Hole At The Ogden Gold Project And Completes Drill Program Metals Creek Resources Corp. continued to hit visible gold (VG) in all three drill holes at the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Silver, with the Company serving as the operator. Hole TOG-26-77 was the deepest of the three holes drilled during this program targeting the lower portion of a Thomas Ogden Zone (TOG) fold structure which has a shallow easterly plunge. High grade gold mineralization has a strong preferential association with the TOG fold axis and is commonly associated with flat lying quartz bearing structures and zones of strong albitization, silicification and quartz flooding with associated disseminated pyrite. The Company has utilized structural data generated from the last drill campaign to determine the orientations of gold bearing quartz veins and structures. Incorporating this data has aided in optimizing drill hole orientations to better define density of gold bearing veins ensuring all mineralized veins are spatially represented. TOG-26-77 targeted high-grade gold mineralization associated with the lower portion of the TOG fold structure. Visible Gold was observed at 350.36m hosted within a highly silicified felsite with associated quartz veinlets and disseminated pyrite. Visible gold continues to have a strong association with strongly altered felsite hosted within strongly mineralized and albitized conglomerates with associated cross-cutting quartz veins. This alteration package is proximal to the TOG fold axis. Holes from previous drill campaigns include TOG-22-74A which returned a downhole intercept of 3.66 grams per tonne (g/t) Gold (Au) over 14.66 meters (m) and TOG-11-08 which returned a downhole intercept of 13.07 g/t Au over 2.88m. Both of these holes also observed visible gold and mineralization hosted within altered felsite. The presence of visible gold in drill core is considered encouraging; however, it should not be considered a definitive indicator of gold grade or continuity of mineralization. Visible gold observations are qualitative in nature and may not be representative of overall gold distribution within the drill hole or across the property. Analytical assay results are required to determine the actual gold content of the sampled intervals. The Ogden Gold Project is located within the Timmins Gold Camp and has over 8km of strike length along the prolific Porcupine-Destor Break, the key conduit for gold mineralization in the Timmins Camp. This project was acquired in November, 2008 when MEK signed an Option Joint Venture Agreement with Goldcorp (Now Discovery Silver). Ogden is strategically located between Pan American Silvers' West Timmins Mine and Galleon Golds West Cache development to the west and Discovery Silvers' Dome Mine and Mill complex which is located 8km to the east. Currently there are six zones of mineralization identified; Naybob North, South and West, Porphyry Hill, Thomas Ogden (TOG) and Thomas Ogden West with Naybob South and TOG seeing the majority of the work. Highlights of drilling include 210.19 g/t gold over 12.53m from TOG-13-25 and 9.24 g/t gold over 6.61m from Naybob South. Additional mineralization was discovered in drilling one kilometer west of TOG returning an intercept of 5.06 g/t gold over 2.60m with a follow up hole returning a down hole intercept of 4.96 g/t gold over 3.97m including a second zone of mineralization assaying 1.43 g/t gold over 14.00m. This further highlights the exploration potential on the western portion of the property, which is contiguous with Galleon Gold and has seen minimal work. Announcement • 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). 
