Metals Creek Mobilizing Drill to the Ogden Gold Project in Timmins, Ontario
Metals Creek mobilizes drilling at its Ogden Gold Project in Timmins to continue its exploration push.
Metals Creek Resources Corp. announced the mobilization of a diamond drill rig to its Ogden Gold Project in Timmins, Ontario. The program consists of four targeted holes focusing on the Thomas Ogden Zone (TOG) fold structure and untested near-surface portions. The release contextualizes the new program by highlighting historical high-grade intercepts, specifically hole TOG-26-76 (115.51 g/t Au over 9.85m) and TOG-13-25 (210.19 g/t Au over 12.53m).
The company granted 10,750,000 stock options to directors, officers, employees, and consultants at an exercise price of $0.10 per share, with a five-year term. The Ogden Gold Project remains a 50/50 joint venture with Discovery Mining Ltd, with Metals Creek serving as the operator.
Metals Creek Resources Corp. has initiated drill mobilization as a routine follow-up to its Q1 2026 exploration plans and the July 2026 financing, which explicitly earmarked proceeds for Ogden drilling.
The company also granted options as part of standard management and consultant retention. The $0.10 exercise price is significantly above the current trading range of $0.03–$0.04, meaning near-term dilution risk is minimal and the grant is accretive if exercised.
No new material data, resource updates, or financing surprises are present. The news aligns with previous expectations and does not alter the company's fundamental trajectory or liquidity position.
Metals Creek Resources Corp. (MEK) is a junior exploration company focused on gold, copper, and emerging natural white hydrogen and helium projects in Canada. Its flagship asset is the Ogden Gold Project, in which it holds a 50% interest via a joint venture with Discovery Silver. Located in the Timmins Gold Camp on the Porcupine-Destor Fault, the project features an 8 km strike length and includes the historic Naybob Gold mine along with six identified mineralization zones.
The company also holds Newfoundland Hydrogen and Helium Projects, jointly staked with Benton Resources, covering the Smoking Gun and Parson's Pond prospects. Early-stage soil gas sampling has identified anomalous hydrogen and helium values, with historical data showing high-pressure gas flows and serpentinization indicators.
Other assets include the Yellow Fox rare earth element property, which has been optioned to Lomiko Metals, and the Tillex Copper project, which was recently divested to Aruma Resources.