Metals Creek Provides Exploration Update for Ogden 2026

The most recent news release (January 27, 2026) provides an exploration update and drill plans for the Ogden Gold Project in Timmins, Ontario. Metals Creek (MEK) has finalized planning for a fully funded drill program set to commence in Q1 2026. The program targets the Thomas Ogden Zone (TOG) and Porphyry Hill. Additionally, the company highlighted an exploration target at Naybob South of 750,000 to 1,000,000 tonnes at grades of 3.5 to 4.5 g/t Au. This project is a 50/50 joint venture with Discovery Silver Corp., where MEK serves as the operator.

The January 27 news is "Routine - Positive" when viewed in isolation, but it is highly significant when paired with the news from January 22, 2026, regarding the sale of an 85% interest in the Tillex Copper Project. - Financial De-risking: The Tillex sale provides $100,000 in immediate cash and $125,000 in shares, with a total potential cash consideration of $1.125 million and $1.2 million in shares over 36 months. This provides the "fully funded" status mentioned in the recent update without immediate further dilution to shareholders. - Strategic Focus: MEK is successfully pivoting from a copper-heavy news cycle in 2024/2025 back to its flagship gold asset. The exploration target at Naybob South, while conceptual, provides a benchmark for investors to measure future drill success. - Operational Momentum: The transition from "planning" (October 2025) to "funded and ready to drill" (January 2026) shows management is executing on its timeline.

Metals Creek Resources is a Canadian junior explorer. Its flagship is the Ogden Gold Project, located on the Porcupine-Destor Break in Timmins, Ontario. The project covers 8km of strike length on one of the world’s most prolific gold structures. The project is a 50/50 JV with Discovery Silver Corp. The company also holds a suite of earlier-stage assets in Newfoundland, including the Careless Cove (Gold/Antimony) and Yellow Fox (REE/Antimony) properties.