CA Market News
1週前
Metals Creek and Benton Substantially Increase Its Land Holdings at Smoking Gun and Parsons Pond Hydrogen-Helium Projects in NewfoundlandJune 1, 2026 7:29 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - June 1, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) and Benton Resources Inc. (TSXV: BEX) (The Companies) are pleased to announce they have substantially increased its land positions in the Deer Lake Basin, more than doubling the size of the Smoking Gun Project expanding from 242 claim units to 654 claim units covering 163.5 km2. The Companies have jointly acquired through staking an additional 214 claim units at Parson's Pond, expanding the project from 427 claim units to 641 claim units, covering 160.3 km2. The additional claims were acquired to cover favorable stratigraphy that could host natural white hydrogen and or helium. Deer Lake Basin Property AcquisitionThe new mineral claims expand the Smoking Gun Project to the Southwest to connect with Mills No.1 drill hole and to the NE to connect with Claybar No. 3 drill hole (Figure 1). The Companies are excited about this new acquisition, as recent research from historical data has revealed highly anomalous helium with values up to 8,900 parts per billion (ppb) ( Table 1) in water collected from an historic drill hole (79-67). This hole is located approximately 11.8 km from drill hole (Mills No. 1) that encountered high pressure gas that flowed for a minimum of 12 months in a basin prospective for uranium-thorium. In addition, several mentions of gas is noted in Claybar No. 3 located 32 km to the NE of drill hole 79-67.
Ref: https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002According to assessment report 012H/0748, the Westfield-Northgate-Shell joint venture conducted deep water sampling within these historic holes. Samples of ground water were collected from 5 diamond drill holes with results determined for pH, temperature, U ppb, radon and helium content. Two samples were collected from each hole. One was hermetically sealed at the site in a special container and sent to Chemical Projects Ltd. in Toronto, where a gas sample was extracted and analysed for helium. The second sample was measured on site for pH and Radon (Rn). This sample was then sent to Atlantic Analytical Services Ltd. (Springdale, NL) for analysis of Uranium (U). Results are tabulated below.Table 1: Water analysis for He in historic holesSample NoDDH No pH U ppb Rn cpm He ppb WS-6179-56 6.3 2.00 76 8.35 WS-62 79-57 7.1 0.70 30 139.00WS-63 79-59 7.4 0.80 71 62.20WS-64 79-67 7.5 0.15 198 8,900.00WS-65 79-61 7.2 0.15 80 14.90 Ref: https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch09/PDF/012H_0748.pdfThese new licenses all together are now named the Smoking Gun Project located within the Deer Lake Basin, which is thought to be a prospective environment for the presence Helium (He) and Natural (White) Hydrogen (H2). Historic exploration focused mainly on uranium and hydrocarbons, but with semiconductor expansion and the global energy transition, this has resulted in increased demand for Hydrogen and Helium. A re-evaluation of the Deer Lake Basin has resulted in the identification of areas with ideal geological conditions to host gas. These conditions include thick sequences of sandstones and conglomerates containing uranium, which is necessary to generate helium. When uranium-rich minerals hosted within the sandstones interact with the high-pressure water, the water molecules are split, releasing hydrogen. The expansive presence of mudstones and shales serve as an ideal cap for trapping gas.Hole 79-67 is located 11.8 km northeast of hole Mills No.1, which produced high pressure gas (Figure 1). With the presence of high-pressure gas in hole Mills No. 1 and highly anomalous helium from water samples in Hole 79-67, this potentially indicates an expansive system with favorable geological conditions for the generation and entrapment of gas.Figure 1: Smoking Gun ClaimsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/299613_1864347434d279a4_002full.jpgParson's Pond Property AcquisitionAt Parson's Pond, the company increased it land position to the east to cover the shallower portions of the basin and to the west to cover deeper portions of the Basin (Figure 2). Research of the historical drill logs in two holes 14.2 km apart, have observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of the mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries.
(Ref. NALCOR ENERGY - OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al SEAMUS #1 https://www.gov.nl.ca/em/files/publications-energy-nalcorseamusfwr.pdf and NALCOR ENERGY - OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al Finnegan #1 https://www.gov.nl.ca/em/files/FinniganFWR.pdf).Figure 2 : Parsons Pond ClaimsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/299613_1864347434d279a4_003full.jpgThe companies hired Neil Pendock to conduct early target identification using hyperspectral satellite imagery identifying hot spots for testing Hydrogen and Helium. A detailed evaluation of the Seamus and Finnigan wells show potential leakage of both gases near the historical Well heads.Neil Pendock states that "new exploration data confirms significant natural Hydrogen and Helium systems in Western Newfoundland".An integrated re-evaluation of advanced satellite imagery and legacy drill data has confirmed highly anomalous concentrations of natural "white" hydrogen (H2) and helium (He) across the Parson's Pond area of western Newfoundland. The findings mark a major milestone for the province's emerging unconventional and clean energy sector.The target identification program utilizes high-resolution Sentinel-2 spectral endmember mapping calibrated against legacy physical assets, notably the Seamus #1 and Finnegan #1 wells.Key Findings From the Well Analyses:Seamus #1 Well: Originally drilled as a deviated wildcat to 3,160 meters, historical logs confirm this stratigraphic test intersected a highly active gas plumbing system. Modern geochemical processing shows that Seamus is highly anomalous in H2, CO2, and CH4. The hydrogen signature at Seamus is particularly intense, soaring over ten times higher than regional background levels.Finnegan #1 Well: Located within the same thrust-faulted complex, Finnegan exhibits a distinct, high-value noble gas and clean energy profile, measuring highly anomalous in He and H2. Finnegan's hydrogen concentrations exceed background baselines by more than threefold, paired with a distinct helium signature that suggests deep-seated basement fault connectivity.A Multi-Gas FrontierWhile western Newfoundland has long been recognized for its classic thermogenic methane (CH4) "shows" and source rocks like the Green Point Shale, this new data shifts the spotlight toward non-hydrocarbon, high-value gas exploration.The structural architecture of the Parson's Pond area—where allochthonous sedimentary sequences are thrust over deep carbonate platforms—serves as the ideal geological engine for generating natural hydrogen through serpentinization. Simultaneously, deep conduit faults are successfully tapping into the Precambrian basement to channel helium toward the surface.Next Steps for ExplorationThe alignment of physical drill-hole gas anomalies with satellite-derived spectral endmembers allows exploration teams to rapidly deploy predictive mapping across the entire Humber Zone. Immediate field follow-up will include high-density soil gas sampling and localized fracture-network mapping around the Seamus and Finnigan corridors to identify primary drilling targets for natural hydrogen and commercial helium.Hydrogen and Helium DemandHydrogen and helium have seen a significant increase in demand, with more expected in the future. Hydrogen is used as a fuel and a chemical building block, it helps create fertilizer for food, refines the gasoline in your car, and is increasingly being used to power clean trucks and ships as well as fuel for rocket propulsion for the launching of satellites. Helium is the world's ultimate cooler; its super-cold properties are essential for keeping MRI machines running and making the computer chips found in your phone and laptop. AI-driven chip manufacturing is the primary growth engine for helium. Helium keeps our most advanced technology and medical equipment functioning.In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success has generated further exploration in similar geological environments to that of the projects mentioned above.Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence. About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek holds a 50% interest in the Ogden Gold Property with Discovery Silver holding the remaining 50%. The Ogden Gold Property includes the former Naybob Gold mine and is located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
709-424-1141
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299613 Original: Metals Creek and Benton Substantially Increase Its Land Holdings at Smoking Gun and Parsons Pond Hydrogen-Helium Projects in Newfoundland
CA Market News
3週前
Metals Creek Resources Corp. File for Final Approval of Private PlacementMay 19, 2026 4:56 PM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - May 19, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") announces that, further to its April 2, 2026, April 15, 2026 and April 22, 2026 news releases it has filed for final approval to close its non-brokered private placement financing for aggregate gross proceeds of $704,150 on the issuance of 21,080,000 non-flow-through units ("NFT Units") and 2,050,000 flow-through units ("FT Units"). Each NFT Unit consists of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"), each NFT Warrant entiling the holder to purchase one additional non-flow through 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. Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"), each whole FT Warrant entitling 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. The FT Shares entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).In connection with the private placement, the Company has paid $23,915.50 in cash finders' fees and has issued 775,600 non-transferable broker warrants exercisable at $0.05 per common share for a period of 36 months from the date of issue. 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 Financing was effected with one insider of the Company subscribing for $45,000 - 1,500,000 NFT Units - that portion of the Financing a "related party transaction" as such term is defined under Multilateral Instrument 61- 101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements set out in MI 61-101. The Company is exempt from the formal valuation requirement of MI 61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from minority shareholder approval under sections 5.7(1)(a) and (b) of MI 61-101 as, in addition to the foregoing, (i) neither the fair market value of the FT Units nor the consideration received in respect thereof from interested party exceeds $2,500,000, (ii) the Company has one or more independent directors who are not employees of the Company, and (iii) all of the independent directors have approved the transaction. Material change reports were not filed 21 days prior to the closing of the financing because insider participation had not been established at the time the financing was announced.The proceeds raised from the NFT Units and FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
Telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298095 Original: Metals Creek Resources Corp. File for Final Approval of Private Placement
CA Market News
4週前
Metals Creek and Benton Resources Jointly Stake Additional Potential Natural Hydrogen/Helium Project in NewfoundlandMay 12, 2026 7:00 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - May 12, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) and Benton Resources Inc. (TSXV: BEX) (The Companies) are pleased to announce they have jointly acquired through staking an additional 156 units under two licences to cover hydrogen/helium potential in Newfoundland (Smoking Gun Prospect).The Smoking Gun Prospect (See Figure1) was selected after research uncovered highly anomalous helium with values up to 8,900 parts per billion (ppb) (See Table 1) in water collected from an historic drill hole. This drill hole (79-67), is located approximately 11.8 kilometers (km) from drill hole (Mills No. 1) that encountered high pressure gas that flowed for a minimum of 12 months in a basin prospective for uranium-thorium.Ref: https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002According to assessment report 012H/0748, Westfield-Northgate-Shell joint venture conducted deep water sampling within these historic holes. Samples of ground water were collected from 5 diamond drill holes with results determined for pH, temperature, U ppb, radon and helium content. Two samples were collected from each hole. One was hermetically sealed at the site in a special container and sent to Chemical Projects Ltd. in Toronto, where a gas sample was extracted and analysed for helium. The second sample was measured on site for pH and Radon (Rn). This sample was then sent to Atlantic Analytical Services Ltd. (Springdale, NFLD) for analysis of Uranium (U). Results are tabulated below.Table 1: Water analysis for He in historic holesSample No DDH No pH U ppb Rn cpm He ppb WS-61 79-56 6.3 2.00 76 8.35 WS-62 79-57 7.1 0.70 30 139.00 WS-63 79-59 7.4 0.80 71 62.20 WS-64 79-67 7.5 0.15 198 8900.00 WS-65 79-61 7.2 0.15 80 14.90 Ref: https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch09/PDF/012H_0748.pdfFigure 1: Project Location MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/297023_85a67dd024625959_002full.jpgThese two licenses are located within the Deer Lake Basin, which is thought to be a prospective environment for the presence Helium (He) and Natural (White) Hydrogen (H2). Historic exploration focused mainly on uranium and hydrocarbons, but with semiconductor expansion and the global energy transition, this has resulted in increased demand for Hydrogen and Helium. A re-evaluation of the Deer Lake Basin has resulted in the identification of areas with ideal geological conditions to host gas. These conditions include thick sequences of sandstones and conglomerates containing uranium, which is necessary to generate helium. When uranium-rich minerals hosted within the sandstones interact with the high-pressure water, the water molecules are split, releasing hydrogen. The expansive presence of mudstones and shales serves as an ideal cap for trapping gas.Hole 79-67 is located 11.8 km northeast of hole Mills No.1, which produced high pressure gas (See Figure 1). With the presence of high-pressure gas in hole Mills No. 1 and highly anomalous helium from water samples in Hole 79-67, this potentially indicates an expansive system with favorable geological conditions for the generation and entrapment of gas.Hydrogen and helium have seen a significant increase in demand, with more expected in the future. Hydrogen is used as a fuel and a chemical building block, it helps create fertilizer for food, refines the gasoline in your car, and is increasingly being used to power clean trucks and ships as well as fuel for rocket propulsion for the launching of satellites. Helium is the world's ultimate cooler; it's super-cold properties are essential for keeping MRI machines running and making the computer chips found in your phone and laptop. AI-driven chip manufacturing is the primary growth engine for helium. Helium keeps our most advanced technology and medical equipment functioning.In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success is being explored for in similar geological environments to that of the projects mentioned above.Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence. About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek holds a 50% interest in the Ogden Gold Property with Discovery Silver holding the remaining 50%. The Ogden Gold Property includes the former Naybob Gold mine and is located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
709-424-1141
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297023 Original: Metals Creek and Benton Resources Jointly Stake Additional Potential Natural Hydrogen/Helium Project in Newfoundland
CA Market News
1月前
Metals Creek Mobilizes Drill to the Ogden Gold ProjectApril 30, 2026 8:01 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - April 30, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce the Company has mobilized a drill to the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Silver ("Discovery"), with the Company serving as the operator.This drill program will consist of 4 holes targeting the Thomas Ogden Zone. Structural data generated from the oriented core carried out on the last drill campaign is being utilized to optimize drill hole orientation to target the different generations of gold bearing quartz veins as well as determining the plunge of the prominent east plunging fold structure which appears to play an important role in the emplacement of the gold bearing veins. By integrating 3D structural data from previous oriented core, we have identified that one gold bearing quartz vein set was drilled sub-parallel to previous drill hole orientations, potentially underrepresenting this quartz vein set. To rectify this, the new program will utilize a different drill hole orientation designed to cross-cut this newly identified vein set.Assay results will be released as they are received and compiled.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 (see MEK news release dated may 22, 2013) and 9.24 g/t gold over 6.61m from Naybob South (See Corporation's website). Additional mineralization was discovered in drilling one kilometer west of TOG returning an intercept of 5.06 g/t gold over 2.60m (See News Release March 4, 2016) 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 (see MEK news release date June 05, 2017). This further highlights the exploration potential on the western portion of the property, which is contiguous with Galleon Gold (See Figure 1) and has seen minimal work.Figure 1To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/295029_7ec4528ba48e7bba_002full.jpgMichael MacIsaac, P. Geo and VP Exploration for the Company 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.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
709-424-1141
Metals Creek Resources CorpMetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/295029
Original: Metals Creek Mobilizes Drill to the Ogden Gold Project
CA Market News
2月前
Metals Creek Resources Corp. Gets Conditional Approval, Closes First Tranche of Private PlacementApril 17, 2026 2:00 PM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - April 17, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") the Company announces that, further to its April 2, 2026 and April 15, 2026 news releases it has received conditional approval from the TSX Venture Exchange (the "Exchange") for its non-brokered private placement of both non-flow through and flow-through units (the "Financing") and has closed a first tranche for aggregate gross proceeds of $557,500 on the issuance of 18,350,000 NFT Units and 200,000 FT Units. The Company intends to issue up to 25,000,000 non-flow through units at a price of $0.03 per unit (the "NFT Units") for aggregate proceeds of up to $750,000, .each NFT Unit consisting of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant entitles the holder to purchase one additional non-flow through 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.The Company will also issue up to 14,285,714 flow-through units at a price of $0.035 per unit (the "FT Units") for aggregate proceeds of up to $500,000, each FT Unit consisting of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). Each whole FT Warrant entitles 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. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).In connection with the first tranche of the private placement, the Company paid $16,800 in cash finders' fees as well as issued 560,000 finders' warrants exercisable at $0.05 per common share for a period of 36 months from the date of issue. 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 proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/293141
Original: Metals Creek Resources Corp. Gets Conditional Approval, Closes First Tranche of Private Placement
CA Market News
2月前
Metals Creek Resources Corp. Increases Non-Brokered Private Placement to $1.25 MillionApril 15, 2026 2:36 PM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - April 15, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") the Company has increased the non-flow-through portion of its private placement of both non-flow through and flow-through units (the "Private Placement") previously announced April 2, 2026, for an aggregate total funds raised of up to $1.25 million.The Company intends to issue up to 25,000,000, increased from 16,666,667, non-flow through units at a price of $0.03 per unit (the "NFT Units") for aggregate proceeds of up to $750,000. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non-flow through 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.The Company will also issue up to 14,285,714 flow-through units at a price of $0.035 per unit (the "FT Units") for aggregate proceeds of up to $500,000. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). 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 $0.06 per common share for a period of 36 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).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.The proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292739
Original: Metals Creek Resources Corp. Increases Non-Brokered Private Placement to $1.25 Million
CA Market News
2月前
Metals Creeks' Option Partner Lomiko Continues to Expand on Newly Discovered REE Anomalies at the Yellow Fox Critical Metals/REE Property Located in Central NewfoundlandApril 7, 2026 8:00 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - April 7, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that the Company has been advised of additional assay results by its option partner Lomiko Metals Inc., (Lomiko or TSXV: LMR). These results are from additional REE analysis from the recently completed Phase II soil sampling and prospecting program (See News Release September 23, 2025) on the Yellow Fox Antimony property and follow-up to the initial 7 samples assayed for REE's (See News release January 14, 2026). Lomiko acquired the Yellow Fox Project from Metals Creek in 2025. (See MEK news release dated January 21 2025).Highlights:Highly elevated Dysprosium (Dy) and Terbium (Tb) results. Both Dy & Tb are used in High Performance Magnets and are essential for high-heat magnet applications.Highly anomalous HREE + Y samples demonstrate a potential HREE enriched system.Pervasive Yttrium values in close spatial association with DysprosiumStrong HREE+Y/LREE Ratios indicate the higher value of REE projects as the HREEs are more sought after and entitle higher selling prices.Multiple samples exceeding HREE+Y/LREE ratios of 0.5, which is very rare.Recent success from the 2025 Phase II soil sampling program resulted in the identification of new REE anomalies (Cerium (Ce) and Lanthanum (La)). These positive results led to Re-Running seven samples with a rare earth ICP package resulting in highly anomalous Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE) assays which are hosted within the Mount Peyton Intrusion. This new REE discovery prompted the submission of 32 additional samples for additional REE analysis which will form the basis of this release.Results from these 32 assays (See Table 2) continue to exhibit strong LREE enrichment (La-Ce-Pr-Nd-Eu) accompanied by highly elevated HREE (Dy-Tb-Ho-Er-Tm-Yb-Lu) including Yttrium (Y), over a minimum length of 1200m indicating a mixed LREE and HREE mineralized system hosted by what is interpreted to be a highly fractionated peralkaline granite. These peralkaline granites are considered to be one of the primary hosts for HREE enriched systems. Assays revealed an enriched REE system with highly anomalous HREEs including Dysprosium (Dy) and Terbium (Tb) with select samples up to 10 to 20 times background (See Figure 1). Dy and Tb are considered the two most sought after HREE's due to their scarcity and high value.Figure 1: HREE+Y/LREE and LREE Anomalies To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/291385_b736303fd4e159ef_002full.jpgThis latest batch of assays at Yellow Fox continue to return highly encouraging results, characterized by an unusually high ratio of Heavy Rare Earth Elements (HREE) and Yttrium (Y) relative to Light Rare Earth Elements (LREE). Ratio's as high as 1.25 has been achieved with a large majority of these Re-Assay results achieving ratio's greater than 0.20. These results illustrate this REE system is HREE enriched. Yttrium (Y) values are highly enriched making up 61 to 69 percent of the HREE+Y totals. The enrichment of Yttrium (See Figure 2) is highly encouraging in that it is almost always associated with Dysprosium (Dy), serving as a strong pathfinder. Dy's primary value lies in its ability to allow Neodymium Magnets to maintain their strength at high temperatures, making it indispensable for electric vehicle (EV) motors and wind turbines. This enrichment of Y+Tb+Dy is a critical indicator for the identification of high priority HREE targets (See Figure 1) within the Yellow Fox project, highlighting the potential host the high-demand rare earth minerals required for high-performance magnets.The exploration potential at yellow fox is underpinned by what appears to be a highly specialized geological environment, characterized by a highly fractionated peralkaline granite host and a highly evolved magmatic system. These specific granitic systems are recognized as primary sources for Heavy Rare Earth Elements (HREE) because their unique chemistry allows incompatible elements like Dysprosium, Terbium, and Yttrium to remain in the melt until the final, most enriched stages of crystallization.The presence of such a highly evolved system is further confirmed by the identification of elevated Gallium (Ga) and Rubidium (Rb). These elements serve as critical geochemical indicators, often correlating with the presence of HREE-hosting accessory minerals such as zircon and xenotime. Assays up to 41.9 ppm Gallium and 194.6 ppm Rubidium exhibit geochemical pathfinders for this potential rare earth system. In peralkaline systems, such elevated Gallium is a primary indicator of extreme magmatic differentiation, where rare metals are concentrated in the final stages of crystallization. Rubidium (Rb) values reached a peak of 194.6 ppm, with a broad distribution of samples exceeding 150 ppm. High Rubidium is another strong indication for a highly evolved granitic system.The simultaneous enrichment of Ga, Rb, and Yttrium (Y) alongside highly elevated HREE+Y/LREE ratio's up to 1.25 creates a highly prospective geochemical signature. High Zr levels is also present averaging 546 ppm with values up to 1169 ppm in conjunction with elevated niobium (Nb) further validate the presence of a potentially highly fractionated magma.The geochemistry of the yellow fox project continues to point toward a highly evolved peralkaline granite which has similar characteristics to alkaline granites of the Strange Lake Complex. With HREE+Y/LREE ratios up to 1.25 and heavy Yttrium content (61-69% of HREE), this aligns well with Strange Lake which is considered to be rich in HREE oxides. The highly anomalous Zr and Rb paired with moderate Nb and Ga pathfinders are strong geochemical signatures to that of a peralkaline A-type granites like the Strange Lake Alkalic Complex located in Labrador.Figure 2: Yttrium (Y) anomalies demonstrating high-grade and broad widespread assaysTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/291385_b736303fd4e159ef_003full.jpgTable 1 -Initial 7 sample Re-Run Soil Samples with Rare Earth Assay PackageTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/291385_metalscreek1.jpgTable 2: Follow-up Re-Run Soil Samples with Rare Earth PackageTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/291385_metalscreek2.jpgRare earth metals are essential to modern technology that enable high-performance electronics, clean energy, and defense systems to operate at high temperatures. A renewed focus on exploration is underway for REE's with particular emphasis on HREE's like dysprosium and terbium which are vital for the permanent magnets used in electric vehicle (EV) motors and wind turbines. Beyond green tech, these metals are highly important for miniaturizing components in smartphones and medical devices, as well as powering precision-guided missiles and radar systems.The rare earth market is currently characterized by a significant supply-demand imbalance and extreme geographic concentration. China dominates the sector, accounting for approximately 70% of global mine production and 90% of refined supply. This has created a tight market where even minor export restrictions can cause immediate global shortages and price volatility. Future demand is projected to surge significantly in the coming decades making exploration for HREE's all the more critical over the coming years.Strategic growth in the green technology and defense sectors will contribute to increased demand for REE's. Primary drivers for the increased use of REE's include wind turbines, electric vehicles, defence and aerospace as well as advanced electronics.Management is highly encouraged with the results to date for the yellow fox project. Last summer saw identification of several expansive untested critical metal soil anomalies (Sb-Pb-Zn-Ag-Au) up to 1200m in length as well as the discovery of highly anomalous LREE and HREE anomalies. These REE results in conjunction with the results discussed in this release further indicate a second type of highly prospective untested targets with highly anomalous LREE and HREE assays. These results will form the basis of this coming summers exploration plans for yellow fox.Yellow Fox antimony and REE prospect exploration - future stepsNext work phase will include additional RE-assaying of previously collected soil samples for LREE and HREE as well some infill sampling to better define true extent of these REE anomaliesGround geophysics followed by surface trenchingLine cutting, drilling, ground geophysics and surface trenching permits have been received.Surface stripping will be followed by channel sampling and geological mappingLocation DetailsThe Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. The property is centered at approximately UTM (NAD 27) grid coordinates 5,419,400m North and 645,300m East. Geologically, Yellow Fox's surface antimony showing and critical metal soil anomalies (Sb-Pb-Zn-Ag-Au) exhibits similar traits to those of Beaver Brook with cross-cutting structural zones that show intense carbonate alteration with sulphide-bearing stringers to veins of stibnite and arsenopyrite with similar high-grade tenors of antimony, gold, lead, zinc, and silver. Arsenopyrite is also present in both locations. Two prominent fracture vein sets are present, one being the muscovite-pyrite-rutile veins trending 356 degrees and the second stibnite-quartz-arsenopyrite being the most abundant and trending 025 degrees. Both these vein sets are similar to that of the past producing Beaver Brook antimony Mine, and both vein sets trend in N to NE direction, which is the same as the prospective regional structures. Yellow Fox has never been explored for REE's. Importantly, the project is underlain by the mount peyton intrusion which potentially appears to be a fertile environment for the emplacement of REE's. Soil sample results indicate that the mount peyton intrusion may form part of a highly evolved peralkaline granite highly prospective for LREE's and HREE's.Yellow Fox is an early-stage exploration property prospective in antimony, Zinc, Lead, gold, silver and more recently REE's. Historic work has returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), gold (Au), and silver (Ag) which included trenching which exposed bedrock. Results included grab samples up to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades on the property.Please note that the results on an adjacent or nearby property (Beaver Brook) are not necessarily what can be expected on the Yellow Fox project and that the results of surface or grab samples, by their nature, this type of sample is selective and that the assay results may not be indicative of underlying mineralization. Qualified Person
The technical content presented in this press release was reviewed and approved by Gordana Slepcev, P.Eng., who is the CEO & President of Lomiko Metals and acts as the "Qualified Person" as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Also, Wayne Reid, P.Geo and director for the Corporation (MEK) and a qualified person as defined in National Instrument 43-101, has reviewed and approved of the disclosure of the exploration information in this news release.All 851 initial soil samples from this past summer's programs were dried and then sent to Eastern Analytical Ltd. located in Springdale Newfoundland, Canada. Samples are analyzed by ICP34 method that delivers a 34-element package and analyzed by ICP-OES analytical technique with blanks and standards inserted every 20-25 samples. The 32 samples in this press release were sent to Bureau Veritas, located in Vancouver, British Colombia, Canada. Samples are analyzed by ICP-OES utilizing multi acid digestion analytical technique. Standards and blanks were inserted to this batch of samples.About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
709-424-1141
Metals Creek Resources Corp
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291385
Original: Metals Creeks' Option Partner Lomiko Continues to Expand on Newly Discovered REE Anomalies at the Yellow Fox Critical Metals/REE Property Located in Central Newfoundland
CA Market News
2月前
Metals Creek Resources Corp. Increases Non-Brokered Private Placement to $1 MillionApril 2, 2026 5:10 PM
NewsfileThunder Bay Ontario--(Newsfile Corp. - April 2, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") the Company has amended the terms to its non-brokered private placement of both non-flow through and flow-through units (the "Private Placement") previously announced April 2, 2026, for an aggregate total funds raised of up to $1 million. The Company now intends to issue up to 14,285,714 flow-through units at a price of $0.035 per unit (the "FT Units") for aggregate proceeds of up to $500,000. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). 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 $0.06 per common share for a period of 36 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).The Company also intends to issue up to 16,666,667 non-flow through units at a price of $0.03 per unit (the "NFT Units") for aggregate proceeds of up to $500,000. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non-flow through 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 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 proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291088
Original: Metals Creek Resources Corp. Increases Non-Brokered Private Placement to $1 Million
CA Market News
2月前
Metals Creek Resources Corp. Announces Non-Brokered Private PlacementApril 2, 2026 8:00 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - April 2, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") announces that it intends to complete a non-brokered private placement of both non-flow through and flow-through units (the "Private Placement"). The Private Placement is expected to close on or before April 15, 2026.The Company intends to issue up to 7,500,000 flow-through units at a price of $0.035 per unit (the "FT Units") for aggregate proceeds of up to $262,500. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). 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 $0.06 per common share for a period of 36 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).The Company also intends to issue up to 2,500,000 non-flow through units at a price of $0.035 per unit (the "NFT Units") for aggregate proceeds of up to $87,500. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT 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.The proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/290971
Original: Metals Creek Resources Corp. Announces Non-Brokered Private Placement
CA Market News
3月前
Benton Partners with Metals Creek to Acquire 6 Projects with Natural Hydrogen Potential in NewfoundlandMarch 25, 2026 7:30 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - March 25, 2026) - Benton Resources Inc. (TSXV: BEX) (the "Companies" or "Benton") and Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Companies" or "Metals Creek") are pleased to announce that they have jointly acquired through staking 6 potential natural white hydrogen projects located in Newfoundland, Canada (the "Projects").The Projects (see Figure 2) were selected and staked after extensive research of historical data in areas of comparable geological settings to those that current hydrogen companies across the USA and Canada are targeting. Of particular interest is that 3 of the 6 projects have identified gas from historical drill holes or the surface venting of gas. The Projects, all located on the west coast of Newfoundland, are hosted in geological environments considered prospective for natural white hydrogen. A total of 763 claim units were staked to acquire the mineral lands with geological characteristics that support the targeting potential.Stephen Stares, President and CEO of Benton, stated, "While Benton is primarily focused on advancing its Copper-Gold assets, there are times when unique opportunities allow management to act decisively as an early mover. Partnering with Metals Creek enables the Companies to share relatively low-cost exploration risk while maintaining meaningful upside, should even one of these projects lead to a significant discovery of hydrogen or helium. In neighboring Nova Scotia, companies such as Quebec Innovative Materials Corp. are already demonstrating success in exploring for natural hydrogen. We believe Newfoundland's geological setting offers comparable potential for these emerging and highly prospective discoveries."To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/289811_43f07ae4c48dfbb0_002full.jpg Source: https://www.usgs.gov/media/images/aas-infographic-hydrogen-factoriesListed below are brief descriptions of the 6 projects acquired through staking.Parson's Pond
A large sedimentary basin in a thrust fault system, with gas noted in historical drill holes near serpentine and glauconite mineralization. In addition, gas venting at surface is documented in Newfoundland government files. See:
https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012I/04/Btm002 Cape St. Gregory
A large serpentinized ultramafic unit near documented structures and faults.Bond Pond
15 historical drill holes noted, intensely sheared and serpentinized ultramafic intrusions and likely in contact with fault structures within a sedimentary basin environment. Deer Lake Basin
Explosive gas encountered in historical hole that flowed for a minimum of 12 months in uranium-thorium rich basin environment. See:
https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002Bay St George
Gas noted in historical drilling. See:
https://www.gov.nl.ca/em/files/publications-energy-fwr-port-au-port-no-1-final-well-report-volume-2.pdfBay of Islands
A large serpentinite-bearing ultramafic unit near documented structures and faults.At Parson's Pond (see Figure 1) research of the historical drill logs from two holes 14.2 km apart has observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for the potential formation white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries.(Ref NALCOR ENERGY - OIL AND GAS INC FINAL HOLE REPORT For Nalcor Energy et al SEAMUS #1 https://www.gov.nl.ca/em/files/publications-energy-nalcorseamusfwr.pdf and NALCOR ENERGY - OIL AND GAS INC FINAL HOLE REPORT For Nalcor Energy et al Finnegan #1 https://www.gov.nl.ca/em/files/FinniganFWR.pdf).Figure 1: Parson's Pond Regional Cross Section/Geology and Hole Location (Seamus & Finnigan)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/289811_43f07ae4c48dfbb0_003full.jpgSource: NALCO Energy - Oil and Gas Inc. Final Well Report for Nalcor Energy et al FINNIGAN #1 & NALCO Energy - Oil and Gas Inc. Final Well Report for Nalcor Energy et al SEAMUS #1.Figure 2: Project Location MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/289811_43f07ae4c48dfbb0_004full.jpgSource: Newfoundland. Geological Survey of Canada, "A" Series Map, 1678A. https://doi.org/10.4095/126990.Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence. About Benton Resources Inc.Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified, highly prospective property portfolio and holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.Benton is focused on advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike and boasts six known Cu-Au-Ag zones over 15 km that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil anomalies. Phase 1 and 2 drill programs returned impressive results including 25.42 m of 5.51% Cu, including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu. Drilling at the South Pond Gold Zone, approximately 7.5 km north of the Great Burnt Copper-Gold Zone, has confirmed a robust gold-mineralized system over 2.5 km with results of 74.20 m of 1.43g/t Au and 43.75 m of 1.62g/t Au and is open for expansion in all directions. On behalf of the Board of Directors of Benton Resources Inc.,"Stephen Stares"Stephen Stares, PresidentParties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.For further information, please contact:Stephen Stares, President & CEO
Phone: 807-474-9020
Email: sstares@bentonresources.ca Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.ca Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289811
Original: Benton Partners with Metals Creek to Acquire 6 Projects with Natural Hydrogen Potential in Newfoundland
CA Market News
3月前
Metals Creek Partners with Benton to Acquire 6 Potential Natural Hydrogen Projects Thru Staking in NewfoundlandMarch 25, 2026 7:29 AM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - March 25, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) and Benton Resources Inc. (TSXV: BEX) (The Companies) are pleased to announce they have jointly acquired through staking 6 potential natural white hydrogen projects in Newfoundland.These 6 projects (See Figure 2) were selected and staked after extensive research of historical data in areas of comparable geological settings that current hydrogen companies across the USA and Canada are targeting. Of particular interest is that 3 of the 6 projects have noted gas from historical drill holes or the surface venting of gas. The projects are all located on the west coast of Newfoundland and are hosted in geological environments considered prospective for natural white hydrogen. A total of 763 claim units were staked to acquire the mineral lands with geological characteristics to support the targeting potential.Source: https://www.usgs.gov/media/images/aas-infographic-hydrogen-factoriesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/289804_1f48acd664013afb_002full.jpgListed below are brief descriptions of the 6 projects acquired through staking.Parson's Pond, large sedimentary basin in a thrust fault system with gas noted in historical drill holes near serpentine and glauconite mineralization. In addition, gas venting at surface, documented in Newfoundland government files. https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012I/04/Btm002Cape St. Gregory, large serpentinized ultramafic unit near documented structures and faults. Bond Pond, 15 historical drill holes noted, intensely sheared and serpentinized ultramafic intrusions and likely in contact with fault structures within a sedimentary basin environment.Deer Lake Basin, explosive gas encountered in historical hole that flowed for a minimum of 12 months in uranium-thorium rich basin environment. https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002Bay St George, gas noted in historical drilling.
https://www.gov.nl.ca/em/files/publications-energy-fwr-port-au-port-no-1-final-well-report-volume-2.pdfBay of Islands, large serpentinite-bearing ultramafic unit near documented structures and faults.At Parson's Pond, (See Figure 1) research of the historical drill logs in two holes 14.2 km apart, have observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for the potential formation white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries (Ref NALCOR ENERGY - OIL AND GAS INC FINAL HOLE REPORT For Nalcor Energy et al SEAMUS #1 https://www.gov.nl.ca/em/files/publications-energy-nalcorseamusfwr.pdf and NALCOR ENERGY - OIL AND GAS INC FINAL HOLE REPORT For Nalcor Energy et al Finnegan #1 https://www.gov.nl.ca/em/files/FinniganFWR.pdf ).Parson's Pond Regional Cross Section/Geology including Seamus and Finnigan Holes
Figure 1: Parson's Pond Geology and Hole Location
Newfoundland. Geological Survey of Canada, "A" Series Map, 1678A. https://doi.org/10.4095/126990To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/289804_1f48acd664013afb_003full.jpg
Figure 2: Project Location Map To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/289804_1f48acd664013afb_004full.jpg"Metals Creeks primary focus remains on the Ogden Gold Project in the heart of the Timmins Gold camp including final preparations for an upcoming drill program on Ogden this spring. With green energy becoming a highly sought after commodity, an opportunity was present to acquire land in partnership with Benton Resources to explore prospective areas in Newfoundland and Labrador with favorable geological settings to potentially host hydrogen and helium. Partnering with Benton provides a relatively low-cost risk for Metals Creek and Benton shareholders to explore a market that appears to be gaining interest," states Alexander (Sandy) Stares, President and CEO of Metals Creek.In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success is being explored for in similar geological environments to that of the above mentioned projects.Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence. About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek holds a 50% interest in the Ogden Gold Property with Discovery Silver holding the remaining 50%. The Ogden Gold Property includes the former Naybob Gold mine and is located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
709-424-1141
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289804
Original: Metals Creek Partners with Benton to Acquire 6 Potential Natural Hydrogen Projects Thru Staking in Newfoundland
CA Market News
3月前
Metals Creek Resources Launches AGORACOM Cashless AI Marketing Program and Verified Discussion ForumMarch 20, 2026 5:19 PM
NewsfileThunder Bay, Ontario--(Newsfile Corp. - March 20, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announces the launch of a 12-month online marketing campaign with AGORACOM (the "Campaign") that will feature industry-leading AI generated content to reach investors of all demographics around the world. In addition, Magma will launch a Verified Forum on AGORACOM's platform that will provide moderated, civilized engagement between management and shareholders. The Company will pay $0 in cash for the program, utilizing AGORACOM's cashless, fully compliant shares-for-services program.AGORACOM INDUSTRY LEADING ARTIFICIAL INTELLIGENCE CONTENTAs a pioneer of online investor relations and digital marketing for over 25 years, AGORACOM launched its AI Content Showcase on January 23, 2025. AGORACOM demonstrated how the use of Artificial Intelligence content will provide Magma with an ability to tell the Company's story to a global investor audience, including:AI Movie Trailer with Cinematic Presentation of Our Story as a Movie TrailerSmall Cap Odyssey a Time Warp Journey of Our Company's JourneyAI Avatars a Demographic Mix of Storytellers to Reach Different AudiencesMultilingual Avatars a Mix of French, German, Chinese, Spanish and Arabic Storytellers.Alexander (Sandy) Stares, President and CEO of Metals Creek stated, "Metals Creek remains focused on unlocking the gold potential in Timmins. Sharing our progress at the Ogden Gold Project is important, and traditional updates didn't always capture the full story. AGORACOM's Artificial Intelligence content will help us connect more directly with investors, making sure our efforts for advancing Ogden and creating value in precious metal markets reaches the right audiences."SIGNIFICANT EXPOSURE THROUGH AGORACOM DIGITAL NETWORKMetals Creek will receive significant exposure through continuous brand impressions, content marketing, and social media engagement across the entire AGORACOM network.George Tsiolis, Founder of AGORACOM stated "By integrating AI content with verified forums, we are addressing key communication challenges faced by small cap public companies. With artificial intelligence accelerating at exponential rates, small cap companies would have been left behind due to their lack of resources. AGORACOM's platform helps bridge that gap, enabling small cap firms to manage their messaging and investor engagement more effectively."SHARES FOR SERVICESFEES: $CDN 125,000 + HST. $25,000 worth of shares (+HST) will be issued in 5 instalments:$25,000 + HST Shares on Commencement;
$25,000 + HST Shares for service at end of third month, June 23, 2026
$25,000 + HST Shares for service at end of sixth month, September 23, 2026
$25,000 + HST Shares for service at end of ninth month, December 23, 2026
$25,000 + HST Shares for service at end of term, March 31 2027, 2026The deemed price of the securities to be issued will be determined after the date services are provided to the advertiser in each period, calculated using the closing price on the TSX Venture Exchange (the "TSXV") on each of the dates as stated above. Although AGORACOM has pre-cleared the foregoing shares-for-services compensation structure with the TSX Venture Exchange, the issuance of Metals Creek common shares to AGORACOM by the Company remains subject to TSXV acceptance.About Metals Creek Resources Corp.Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Alexander (Sandy) Stares, President and CEO
709-424-1141
Metals Creek Resources Corp
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreekTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289443
Original: Metals Creek Resources Launches AGORACOM Cashless AI Marketing Program and Verified Discussion Forum
douginil
3年前
Metals Creek Discovers Second Zone of Gold Mineralization on the Shabaqua Corners Gold Property
Thunder Bay Ontario, 20 June, 2023 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, FRA:M1C1) is pleased to announce the discovery of a second zone of gold mineralization through prospecting 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.
This round of field activities on the Shabaqua Corners Gold Property concentrated on areas outside of the main zone mineralization, which is hosted within an east-west trending zone of silicification, pyritization and pervasive carbonate alteration. Nine samples were collected 235m northwest of the main mineralized zone (See news release: May 25, 2023) (See table 1 below, assay results), with assays ranging from 0.084 to 3.45 grams per tonne (g/t) Gold (Au). Gold mineralization is hosted within an altered conglomerate with associated quartz-carbonate veining and local stockwork striking roughly the same orientation to that of the main zone.(see figure 1 below, echo zone location). Alteration consists of pervasive iron carbonate with strong silicification and mineralization entails trace to 5% disseminated to stringer pyrite with trace arsenopyrite and galena also present.(see figure 2 below, sample GCS-23-017). An exploration permit has been applied for so 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. MEK is targeting potential parallel gold bearing structures as demonstrated within other projects within the Shebandowan Greenstone Belt.
Alexander (Sandy) Stares states “these assay results confirm the presence of gold mineralization outside of the known historical gold mineralization. Permits have been applied for and we are excited to begin trenching prospective targets once permits have been received.”
douginil
4年前
Metals Creek Drills 4.24 g/t Gold over 5.61 meters at the Ogden Gold Project
Thunder Bay Ontario, August 18, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce results for 3 holes of a nine (9) hole diamond drill program (See News Release February 7, 2022) 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.
Highlights of the drilling include:
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.
Goto website or more:
newsletter@metalscreek.com
douginil
4年前
Metals Creek Drills Multiple High-Grade Intercepts including 36.21 g/t Gold over 2.47 Meters in Hole DL22-029 at Dona Lake
June 9, 2022
- 3 High-Grade intercepts with associated VG
- New High-Grade Discovery within Quartz Vein
Thunder Bay Ontario, June 09, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce 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 (See News Release November 08, 2021).
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 (See Figure 1, Schematic Long Section and Figure 2, Schematic X-Section). 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) (See Figure 2, Schematic X-Section). 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.
Select pieces of drill core from DL22-029 will be available for viewing at MEK booth # 2640 during PDAC, 13-15 June, 2022 .
Two additional holes were drilled testing peripheral iron formations outside the Dona Lake mine stratigraphy. These holes were planned to better define the orientation and composition of these iron formations. Hole DL22-030 tested the northwest iron formation (See attached Figure 3, Drill Hole location map) returning a core length intercept of 0.66 g/t Au over 9.10m (71.00–80.10m). Mineralization was hosted within silicate-oxide iron formation with trace to 3% pyrrhotite. Hole DL22-031 returned no significant results (NSA) within a chert rich iron formation with local seams of massive pyrrhotite. This hole was drilled east of the Dona Lake mine.
Go to web site for more info.
douginil
5年前
Metals Creeks Option Partner, Quadro Provides Updates on Exploration at the Careless Cove Property in the Central Newfoundland Gold Belt
Thunder Bay Ontario, May 27, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB:MCREF, FRA:M1C1) is pleased to announce that the company has been advised by Its Option partner, Quadro Resources Ltd (“Quadro” ) (TSXV: QRO, OTCQB: QDROF, FRA: G4O2) of an update on its recently announced soil sampling and prospecting survey on the Careless Cove property (the Property) located southwest of Glenwood in east-central Newfoundland (see Quadro press release dated April 28, 2021). The soil sampling and prospecting survey has been initiated as a first stage to defining targets for drill testing later in 2021.
Previous work on the two claim blocks which comprise the Property resulted in the discovery of gold mineralization up to 11.38g/t Au from the Eastern Block and 59.413 g/t Au from the Western Block as described below.
The Property is located within the Central Newfoundland Gold Belt, eleven km southwest of New Found Gold’s (NFG.V) Keats Zone where drilling is defining a very high-grade mineralized zone which includes recent intersections up to 146.2 g/t Au over 25.6 meters (see NFG press release dated May 21, 2021). Quadro’s claim licenses are partially surrounded by NFG’s Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization. (Note - Mineralization hosted on the Queensway Project is not necessarily indicative or representative of the mineralization that may be hosted on the Company’s property.)
Read more & view map at:
https://www.metalscreek.com/may-27-2021
douginil
5年前
Metals Creeks Option Partner, Quadro Resources Initiates Prospecting and Soil Geochemistry Survey on the Careless Cove Property in The Central Newfoundland Gold Belt
Thunder Bay Ontario, April 28, 2021 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB:MCREF, FRA:M1C1) is pleased to announce that the company has been advised by Its Option partner, Quadro Resources Ltd (“Quadro” ) (TSXV: QRO, OTCQB: QDROF, FRA: G4O2) that a soil sampling and prospecting survey has been initiated on the Careless Cove property (the Property) located southwest of Glenwood in east-central Newfoundland. Quadro acquired an option to earn a 100% interest in the claim licenses from Metals Creek Resources Corp. (See MEK News Release dated August 10, 2020) The terms of the acquisition are outlined as follows:
To acquire MEK’s interest, QRO will issue to MEK a total $100,000 and 1,500,000 shares according to the following schedule:
- $15,000 and 300,000 on signing; (Paid)
- $20,000 and 300,000 shares on the first anniversary;
- $20,000 and 400,000 shares on the second anniversary; and
- $45,000 and 500,000 shares on the third anniversary
Once QRO is vested at 100% by meeting all the payments above, MEK will retain a 2.0% Net Smelter Return (NSR) royalty on any future mineral production. QRO will have the right to purchase 50% of the NSR from MEK for $1,000,000.
The Property consists of two claim groups located 2 km apart. MEK initially staked the claim licenses to cover two areas of previously known gold occurrences described below.
The Property is located within the Central Newfoundland Gold Belt, eleven km southwest of New Found Gold’s (NFG.V) Keats Zone where drilling is defining a very high-grade mineralized zone which includes recent intersections up to (see NFG press release dated April 20, 2021). Quadro’s claim licenses are partially surrounded by NFG’s Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization. (Note - Mineralization hosted on the Queensway Project is not necessarily indicative or representative of the mineralization that may be hosted on the Company’s property.)
Read more at:
https://www.metalscreek.com/april-28-2021
douginil
5年前
Metals Creek Resources
News Today, Nice High Grade Intercept
Posted by: Bradwait
Date and time: 3/29/2021 9:25:49 AM
Drilled New High-Grade Near Surface Gold Discovery Main Zone returns 5.21 g/t Gold over 14.80 meters
Thunder Bay, Ontario--(Newsfile Corp. - March 29, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to announce diamond drill results for three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
While targeting Main Zone, drill hole DL21-007 intersected new high grade near surface mineralization within reddish-brown biotite altered mafic volcanics with associated quartz veining, pyrite mineralization and visible gold. The reddish-brown biotite alteration is potentially indicative of high temperature hydrothermal alteration. Very fine visible gold was noted within the quartz vein material. Quartz veining makes up approximately 60 percent of the intercept. This new zone (QV Zone) returned a core length intercept of 23.48 grams per tonne (g/t) gold (Au) over 1.72 meters (m) (57.35 - 59.07m). Based on available information, no surface diamond drilling appears to have occurred within this portion of the property, leaving this zone open both along strike and down dip. At this time, there is insufficient data to determine an orientation of this new zone.
Hole DL21-007 continued to intercept Main Zone at approximately 390m below surface and returned a core length intercept of 5.21g/t Au over 14.80m (434.45 - 449.25m). This was a part of a broader zone of mineralization of 3.88g/t Au over 23.08m (427.02 - 450.10m). (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 20% with local pyrite 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 locally strong folding. This intercept is located south of the mine workings between the 360 and 455 level. B-Zone was also intercepted returning a core length intercept of 4.89g/t Au over 4.00m (460.00 - 464.00m). This intercept consisted of mainly 2 to 10% pyrrhotite and 1% pyrite within a silicate-sulfide iron formation.
Alexander (Sandy) Stares, President and CEO of Metals Creek, states, "We are highly encouraged about the New High-Grade Zone encountered in hole DL21-007. This New zone appears to be open both along strike and down dip and will be tested while targeting the Main Zone in future drilling. In addition, the results encountered from the main zone confirms our belief that high grade mineralization remains outside of the mined out area at the Dona Lake Gold Mine. Drillers have currently taken a break."
douginil
5年前
Metals Creek Hits Gold in Deepest Known Drill Hole at The Dona Lake Gold Mine, Increases Drilling to 5,000 Meters
· Deepest hole to date returns 5.31 g/t Au over 6.65m
· Increasing drill program from 2500m to 5000m
Thunder Bay Ontario, February 01, 2021 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce diamond drill results for the first three drill holes from the ongoing phase II diamond drill program at the Dona Lake Gold project (See News Release November 18, 2020).
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) (See Table Below). 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 (See attached Photos). 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.
Read more at:
https://www.metalscreek.com/february-1-2021
douginil
6年前
\Metals Creek Resources Receives Final $20,000 Option Payment and 350,000 shares from Magna Terra Minerals for Jacksons’ Arm Option
Toronto, Ontario, 24 August, 2020 - Metals Creek Resources Corp. (TSX-V:MEK) (OTC:MCREF) (Metals Creek or the “Company”) is pleased to announce that the company has received the final $20,000 option payment and 350,000 shares (Issued at a deemed price of $0.20), for the Jacksons’ Arm Property (the “Property”) from Magna Terra Minerals Inc. (TSX-V:MTT) (“Magna Terra”).
On 8 November 2016, Metals Creek announced that the company had entered into an option agreement with Anaconda Mining Inc. (TSX-V:ANX, or “Anaconda”), whereas Anaconda had the right to acquire a 100% undivided interest in the Property. (see MEK news release dated 8 November 2016). On August 12, 2020, Magna Terra, announced that it a completed the acquisition of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc.’s which held the Great Northern Project, including the Jacksons Arm Property.
Magna Terra, through it’s subsidiary 2647102 Ontario Inc. owns or has an options to acquire a 100-percent interest in the Great Northern and Viking Projects in Newfoundland and Labrador, and the Cape Spencer Project in New Brunswick.
The original agreement with Anaconda on the Property was amended to facilitate the acquisition by Magna Terra (see MEK news release dated 12 November, 2019). Under the revised terms of the Jackson’s Arm Agreement, Anaconda issued to Metals Creek 50,000 Consideration Shares on 7 November, 2019 and Magna Terra paid $20,000 in cash and issued $70,000 in MTT shares (350,000 shares at a price of $0.20 per share) on 21August, 2020.
Magna Terra has now earned a 100% interest in the Jackson’s Arm Property. The Jackson’s Arm Agreement provides for a two percent (2%) net smelter returns royalty (“NSR”) to MEK on the sale of gold bearing mineral products from the Jackson’s Arm Property. The NSR is capped at $1,500,000, after which, the NSR will be reduced to one percent (1%).
Read at:
www.metalscreek.com/august-24-2020
douginil
6年前
Metals Creek Completes Diamond Drilling on The Dona Lake Gold Project
Toronto Ontario, August 04, 2020 - Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce the completion 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 and a deep hole testing for the continuation of gold mineralization below the lower most level of the mine (455 level).
All three holes were successful in intercepting the target stratigraphy. Due to strict Covid-19 measures, all core has been moved to the Corporation’s office in Thunder Bay and is currently being logged and split at a secure location. Drill Holes will be submitted for analysis once they are logged and split and results will be released as they are received and compiled.
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 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) 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.
The above-mentioned 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.
A Presentation for the Dona Lake Gold Project can be viewed at:
http://www.metalscreek.com/upload/documents/dona-lake-presentation-april-2020.pdf
[[ Interesting presentation, includes map & data about the Timmons/ Ogden property next to Explor Resources ]]
Read at:
www.metalscreek.com/august-4-2020
douginil
6年前
Metals Creek Plans SGH Soil Sampling Program on the Ogden Gold Project, Timmins Ontario
Toronto Ontario, July 23, 2020 - Metals Creek Resources Corp. ( “Metals Creek” or the “Company”, TSXV: MEK) is pleased to announce that the Company is in the planning stages of a new geochemical survey technique, Spaciotemporal Geochemical Hydrocarbon (“SGH”) soil sampling program on its Ogden Gold Project, Timmins Ontario.
The Ogden Gold Property is held under a joint venture in which Metals Creek owns 50%, and Newmont Corporation owns 50% with Metals Creek being the operator of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Break (“PDB”) between Newmont’s Dome Mine (16.5 million ounces gold past production) and Pan American Silver’s West Timmins Mine, and is contiguous to the east of Galleon Gold’s West Cache Project. A large portion of the Porcupine-Destor Break on the Ogden Gold Property is underexplored, compared to other properties in the Timmins Gold camp.
The western 4 kilometers of the Ogden Gold Property is predominantly overburden covered and has seen limited exploration. Utilizing new exploration targeting techniques such as SGH soil sampling, enables the Company to look under the pervasive overburden coverage, targeting areas along the PDB which is the key conduit for gold mineralization within the Timmins Gold Camp. This survey will be used to identify areas of potential gold mineralization within the underlying bedrock along the PDB in conjunction with the Company’s current geological model and existing geophysical database. SGH sampling will also take place between Naybob South and the Thomas Ogden Zone, an area approximately 3 kilometers long which exhibits significant folding based on the limited available drill data. This area also has pervasive overburden coverage.
Past exploration on the Ogden Gold Property includes drill intercepts of 210.19 grams per tonne (g/t) gold (Au) over 12.53 meters (m), including 2,732.64 g/t Au over 0.93 m in TOG 13-25 (see Metals Creek news release dated 22 May 2013) and 49.96 g/t Au over 9 m including 434.77 g/t Au over 1 m in TOG 13-27 (see Metals Creek news release dated 10 April 2013) at the Thomas Ogden Zone.
Step out drilling approximately 800m west of the Thomas Ogden Zone returned 3.07 g/t Au over 8.22 m in OG 17-002 (see Metals Creek news release dated May 03, 2017)
The SGH sampling program is expected to commence in early September and take approximately two weeks to complete.
Read at:
www.metalscreek.com/july-23-2020