Northwire Canada EditionTuesday, August 11, 2026
Northwire
FSY 0.570 +0.0% GTC 0.710 +0.0% FCI 0.440 +0.0% IDEX 0.345 +0.0% MERG 0.830 +0.0% CNL 19.78 +0.0% ALGR 0.650 +0.0% MEK 0.050 +0.0% LEGY 0.990 +0.0% RBZ 0.295 +0.0% WAM 0.650 +0.0% LAM 0.570 +0.0% YARR 0.235 +0.0% EXCL 0.115 +0.0% EDG 0.530 +0.0% CCCM 0.750 +0.0% FSY 0.570 +0.0% GTC 0.710 +0.0% FCI 0.440 +0.0% IDEX 0.345 +0.0% MERG 0.830 +0.0% CNL 19.78 +0.0% ALGR 0.650 +0.0% MEK 0.050 +0.0% LEGY 0.990 +0.0% RBZ 0.295 +0.0% WAM 0.650 +0.0% LAM 0.570 +0.0% YARR 0.235 +0.0% EXCL 0.115 +0.0% EDG 0.530 +0.0% CCCM 0.750 +0.0%
Drill Results Routine +

Metals Creek Returns Additional High-Grade Mineralization with 7.25 g/t Gold over 7.45 Meters at Ogden Gold Project in Timmins, Ontario

Metals Creek’s final Ogden hole confirmed deep mineralization at 54 g.m, though it lacked the bonanza grades that previously moved the stock.

Executive Summary

Metals Creek Resources Corp. released assay results for the final diamond drill hole, TOG-26-77, completing a three-hole, 1,233-meter program at the Thomas Ogden Zone of the Ogden Gold Project in Timmins. The hole intercepted 7.25 g/t Au over 7.45 m (core length from 347.27 m to 354.72 m), including 13.46 g/t Au over 2.54 m, and a secondary footwall zone of 1.15 g/t Au over 4.65 m.

All three holes in the program encountered visible gold, a higher frequency than the historical 35%‑VG rate. The results confirm gold tenor in the deeper portion of the fold structure, similar to the shallower western limb.

Material Impact

Metals Creek Resources Corp. (MEK) released results for drill hole TOG-26-77, which confirmed the presence of gold within a deeper fold but did not define a second bonanza intercept. The company’s mineral exploration program had previously seen strong mineralization identified in TOG-26-76, prompting a stock surge to $0.07 on July 14, 2026, before the shares drifted back to the $0.05–$0.06 range.

The company’s management discussion and analysis notes its going-concern status and the necessity for ongoing equity dilution. The recent assay results represent a modest hit with no significant volume definition.

MEK · Price
Company Overview

Metals Creek Resources Corp. (MEK) holds a 50/50 joint venture with Discovery Silver for the Ogden Gold Project in Timmins, situated on an 8 km strike along the Porcupine-Destor Break. The property features six known zones: Naybob North, Naybob South, Naybob West, Porphyry Hill, Thomas Ogden (TOG), and TOG West. An exploration target at Naybob South is estimated at 750,000 to 1 million tonnes grading 3.5 to 4.5 grams per tonne of gold; this figure is conceptual and does not constitute a mineral resource.

In Newfoundland, Metals Creek has entered a 50/50 staking partnership with Benton Resources for six early-stage projects targeting natural white hydrogen and helium, with soil-gas sampling currently underway. The company also retains a 2% net smelter return (NSR) on the Yellow Fox project in Newfoundland, which has been optioned to Lomiko Metals and shows anomalies for rare earth elements, antimony, and gold. Additionally, Metals Creek holds early-stage gold showings at Flint North in Ontario, while the Tillex copper-silver property was sold to Aruma for cash, shares, and a royalty.

Read the original news release →

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