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

Metals Creek Resources Corp. reported that hole TOG‑26‑76 at the Ogden Gold Project in Timmins, Ontario, returned 115.51 g/t Au over 9.85 m (from 296.95 m to 306.80 m). This interval included 356.85 g/t Au over 3.10 m and a 0.50 m interval of 2,050 g/t Au with very strong visible gold.

The hole is part of a three‑hole (1,233 m) program targeting the lower Thomas Ogden Zone fold structure, with all three holes intersecting visible gold. The company noted this is the second‑highest grade intercept on the project, after historic hole TOG‑13‑25 (210.19 g/t over 12.53 m, 325 m west). TOG‑26‑76 was designed to follow up on hole TOG‑22‑73 (4.24 g/t over 5.61 m) located 75 m vertically below.

Metals Creek Resources Corp. (MEK) reported a drill intercept exceeding 1,100 g·m, a result that underscores the high-grade potential of the TOG fold. For a junior explorer lacking a defined mineral resource, such a finding reinforces the project's geological promise and could assist in raising further capital. The stock price had previously rallied from $0.03–$0.04 to $0.05–$0.06 in June following visible gold news, suggesting the market had already anticipated significant grade, albeit at a lower level.

Despite the assay confirming high-grade potential, the company faces a precarious financial position. A going-concern warning was issued in the Q1 2026 MD&A, with unrestricted cash standing at approximately $102k and a $612k flow-through spending deadline looming. The intercept lacks true width and exhibits an extreme nugget effect, and its early-stage nature means it does not transform the project into an economic deposit on its own.

Metals Creek Resources Corp. (TSXV: MEK) is a Canadian junior exploration company with a portfolio of gold, critical minerals, and hydrogen/helium projects. Its flagship asset is the Ogden Gold Project, a 50/50 joint venture with Discovery Silver, with Metals Creek serving as the operator. The project is located on the Porcupine‑Destor Break in Timmins and contains six zones, including the past‑producing Naybob mine. While historical high‑grade intercepts reached up to 210 g/t Au over 12.5 m, the company currently holds no resource for the property.

The company’s additional holdings include the Tillex Copper‑Silver project, which was sold to Aruma Resources, with Metals Creek retaining a royalty and share consideration. It also holds the Yellow Fox REE/Au/Sb property, which has been optioned to Lomiko Metals, and the Flint North gold project in Ontario. In Newfoundland, Metals Creek holds a cluster of early‑stage natural‑white‑hydrogen/helium projects in a 50/50 partnership with Benton Resources.

As of Q1‑2026, Metals Creek reported $202k in cash, of which $102k was unrestricted. The company faces a $612k flow‑through obligation due in Dec‑2026, alongside negative operating cash flow. Management has issued an explicit going‑concern warning, noting that the company has no revenue and relies entirely on equity placings.