Metals Creek Closes $303,500 First Tranche, Advances Tillex Copper Project

Metals Creek Resources Corp. has closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $303,500. The Company issued 8,671,430 flow-through units (“FT Units”) at $0.035 per unit, each unit comprising one flow-through common share and one-half of a non-flow-through warrant. Each whole warrant is exercisable at $0.07 per share for 24 months.

 

“The successful closure of this first tranche enables Metals Creek to advance critical exploration initiatives at the Tillex Copper Project and other promising properties,” said Michael MacIsaac, P.Geo, VP Exploration at Metals Creek. “Securing a drill for Tillex underscores our commitment to defining the project’s high-grade mineralization and expanding its potential.”

 

Exploration Focus: Tillex Copper Project

 

Proceeds from the financing will fund exploration at the Company’s flagship Tillex Copper Project, located in Currie Township, 65 kilometres east of Timmins, Ontario. Recent drilling at Tillex has yielded exceptional results, including:

• 63.9 metres of 1.94% copper and 10.22 g/t silver in DDH TX 24-021

• 110 metres of 1.69% copper and 7.05 g/t silver in DDH 24-020

• 92.05 metres of 2.12% copper and 12.18 g/t silver in DDH 24-022

 

The upcoming drill program will focus on areas of limited drilling, down-dip extensions, and peripheral zones to enhance the understanding of Tillex’s mineralization. Drilling is set to commence within two weeks, with results to follow upon compilation.

 

Use of Proceeds

 

Funds from the FT Units will be allocated to eligible Canadian exploration expenses under the Income Tax Act (Canada). These efforts will target:

• Tillex Copper Project: Further definition and expansion of high-grade copper zones.

• Yellow Fox/Careless Cove/Clarks Brook Antimony-Gold Property: Exploration to identify additional mineralization.

• Ogden Gold Property: Located 6 kilometres south of Timmins, Ontario, along the prolific Porcupine-Destor Fault, this project includes the historic Naybob Gold Mine and is a key asset for Metals Creek.

 

Strategic Advancements

 

Metals Creek has secured a diamond drill for the Tillex program, highlighting its readiness to move forward on high-priority targets. The Company is also progressing work on its antimony-gold properties, underscoring a commitment to diversifying its exploration portfolio.

 

About Metals Creek Resources

 

Metals Creek Resources Corp. is a junior exploration company with projects in Ontario and Newfoundland. The Company has a 50% interest in the Ogden Gold Property, in partnership with Newmont Corporation, and holds a significant strike length along the Porcupine-Destor Fault, a world-renowned gold-bearing structure.

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