Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
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Metals Creek Mobilizes Drill to the Ogden Gold Project

Metals Creek Mobilizes Ogden Gold Drilling Following Financing Close; Tillex Sale Sharpens Portfolio Focus

By The Northwire Desk — AI Analysis Apr 30, 2026 · 08:02 MEK · 0.03 Metals Creek Resources Corp.
Executive Summary
  • Metals Creek Resources Corp. has mobilized a drill rig to the Ogden Gold Project in Timmins, Ontario on April 30, 2026.
  • The program targets the Thomas Ogden Zone with four specific drill holes utilizing 3D structural data from previous oriented core drilling.
  • Objective is to cross-cut gold-bearing quartz vein sets previously underrepresented due to sub-parallel drilling and determine plunge of an east-plunging fold structure.
  • Project is a 50/50 Joint Venture with Discovery Silver Corp., with Metals Creek acting as operator.
  • Historical highlights include TOG-13-25 (210.19 g/t Au over 12.53m) and Naybob South (9.24 g/t Au over 6.61m).
  • This follows a financing announcement on April 17, 2026, where the company closed the first tranche of a private placement raising $557,500 to fund exploration including Ogden.
Material Impact
  • The mobilization confirms execution of the Q1 2026 drill program previously announced on January 27, 2026 ("fully funded and preparing").
  • Financing closure (April 17) directly enables this drilling activity, removing immediate capital uncertainty for the project.
  • While positive, the news is incremental progress rather than a discovery or major asset acquisition; it validates management's ability to deploy capital as planned.
  • The 50/50 JV structure with Discovery Silver mitigates some exploration risk but caps Metals Creek's upside at 50% of any resource defined.
  • No immediate change in valuation is expected from mobilization alone, as market value typically reacts to assay results rather than rig movement.
MEK · Price
Company Overview
  • Metals Creek Resources Corp. is a junior exploration company listed on TSX Venture Exchange (TSXV: MEK).
  • Flagship Project: Ogden Gold Project, Timmins, Ontario.
  • Location: 8km strike length along the Porcupine-Destor Break; situated between Pan American Silver's West Timmins Mine and Discovery Silver's Dome Mine.
  • Ownership: 50% interest via Joint Venture with Discovery Silver Corp.; Metals Creek is operator.
  • Exploration Target: Naybob South Zone conceptual estimate of 750–1,000 kt @ 3.5–4.5 g/t Au.
  • Other Assets: Tillex Copper Project (sold to Aruma Resources in Jan 2026), Yellow Fox REE Property (Optioned by Lomiko Metals), Natural Hydrogen projects (Newfoundland).
Read the original news release →

More from Metals Creek Resources Corp.

Jul 16, 2026 · 04:04

Metals Creek raises capital through dilutive financing to extend its cash runway amid ongoing going-concern risks.

Financings Jul 14, 2026 · 15:40

Metals Creek raised $2m via dilutive placement while reporting high-grade drill results to offset going-concern fears at its project.

Financings Jul 14, 2026 · 07:30

Metals Creek Returns High-Grade Mineralization with 115.51 g/t Gold over 9.85 meters including 2050 g/t Gold over 0.50 meters at Ogden Gold Project in Timmins, Ontario

Drill Results Jun 30, 2026 · 16:21

Metals Creek secures $1m financing to fund ogden drilling and newfoundland hydrogen sampling.

Financings Jun 25, 2026 · 08:31

Metals Creek’s High-Grade Ogden drill hit validates the structural model despite narrow width and going concern risks tempering near-term upside.

Drill Results Jun 23, 2026 · 08:31

Metals Creek advances hydrogen-helium sampling in Newfoundland while Ogden gold drilling yields visible intersections.

Drill Results