Metals Creek Signs Drilling Contract for the Ogden Gold Project in Timmins, Ontario

Metals Creek is set to start a four-hole drill program at Ogden in two weeks.

What the company is saying

Metals Creek Resources Corp. has signed a contract for additional drilling at the Ogden Gold Project in Timmins, Ontario, emphasizing its role as operator in a 50/50 joint venture with Discovery Mining Ltd. The company highlights recent high-grade gold intercepts, specifically 115.51 g/t gold over 9.85 meters in hole TOG-26-76, including a 0.50-meter interval grading 2050 g/t gold. Management, led by President and CEO Alexander (Sandy) Stares, expresses optimism about the upcoming four-hole drill program targeting the Thomas Ogden Zone fold structure and untested near-surface areas. The release underscores visible gold found in all three holes of the last drill program and frames the new campaign as a direct follow-up. Technical oversight is attributed to Michael MacIsaac, P.Geo and VP Exploration, who is cited as the qualified person for the release. The announcement is factual and focused on operational progress, with no promotional overreach.

What the data suggests

The company has secured a drilling contract and plans to mobilize in approximately two weeks, indicating near-term operational activity. The Ogden Gold Project is structured as a 50/50 joint venture, with Metals Creek as operator and a 50% earned interest. The upcoming program will drill four diamond holes targeting the Thomas Ogden Zone, which has previously yielded high-grade results: hole TOG-26-76 returned 115.51 g/t gold over 9.85 meters, including 3.10 meters of 356.85 g/t gold and a sub-interval of 0.50 meters at 2050 g/t gold. The highest grade to date is from hole TOG-13-25, which intercepted 210.19 g/t gold over 12.53 meters, located 325 meters west of TOG-26-76. The property covers an 8 km strike length of the Porcupine-Destor Fault and includes the former Naybob Gold mine. The technical data is specific, with clear intervals, grades, and locations, but true thicknesses are not yet known. No financial, resource, or economic figures are disclosed, which is typical for a junior explorer at this stage.

Analysis

The announcement is proportionate in tone, focusing on the signing of a new drilling contract and providing detailed, credible technical results from recent drilling at the Ogden Gold Project. The majority of claims are realised and supported by specific assay data, such as the high-grade intercepts from holes TOG-26-76 and TOG-13-25. Forward-looking statements are limited to the upcoming four-hole drill program and its expected mobilization in two weeks, which is a concrete, near-term operational step rather than a distant or aspirational goal. There is no evidence of exaggerated language or overstatement regarding the project's potential; management's optimism is typical and not excessive. The capital outlay for drilling is routine for an exploration-stage company and is not paired with claims of imminent large-scale returns. The absence of financial metrics is not a deficiency for a junior explorer at this stage.

Risk flags

• ●Operational risk is present as the outcome of the upcoming four-hole drill program is uncertain; high-grade intercepts in previous holes do not guarantee similar results in new targets.
• ●Disclosure risk exists because true thicknesses of mineralized intervals are currently unknown, which may affect the interpretation of grade and continuity.
• ●Financial risk remains as the company provides no information on funding, cash position, or program cost, leaving the sustainability of ongoing exploration unclear.

Bottom line

Metals Creek is advancing exploration at the Ogden Gold Project with a new four-hole drill program set to begin mobilization in two weeks. The project has already delivered some of the highest-grade gold intercepts in the district, including 115.51 g/t over 9.85 meters and a 0.50-meter interval at 2050 g/t gold, but these results are from limited drilling and true widths are not yet established. The company's 50% joint venture structure with Discovery Mining Ltd and operator status provide some control, but the absence of financial disclosure means investors cannot assess funding runway or program cost. The immediate catalyst is the execution and results of the new drill program; investors should focus on assay outcomes and any move toward a resource estimate. The main takeaway is that while technical results are promising, the investment case hinges on follow-up drilling success and future disclosure of financial and resource data.

Announcement summary

(TSXV:MEK, FSE:M1C1) Metals Creek Resources Corp. has signed a contract for additional drilling at the Ogden Gold Project located in Timmins, Ontario. The Ogden Gold Project is operated as a 50/50 Joint Venture with Discovery Mining Ltd, with Metals Creek serving as the operator. The new drilling program will consist of four diamond drill holes targeting portions of the Thomas Ogden Zone (TOG) fold structure, which has a shallow easterly plunge, as well as near-surface portions of TOG that remain untested. The TOG zone hosts gold-bearing, flat-lying secondary structures within strongly altered conglomerates and felsites containing pyrite, with high-grade gold mineralization preferentially associated with the TOG fold axis. Mobilization of the drill is expected to commence in approximately two weeks. In the last drill program, hole TOG-26-76 returned a downhole intercept of 115.51 grams per tonne (g/t) gold over 9.85 meters (from 296.95 to 306.80 meters), including 3.10 meters (from 301.85 to 304.95 meters) of 356.85 g/t gold, and also including 0.50 meters (from 304.45 to 304.95 meters) of 2050 g/t gold, with very strong visible gold. This intercept is the second highest grade to date on the Ogden Project, with the highest being from hole TOG-13-25, which returned 210.19 g/t gold over 12.53 meters and is located 325 meters west of TOG-26-76 along the TOG fold structure. Management, including President and CEO Alexander (Sandy) Stares, is looking forward to the next round of drilling at the Ogden Gold Project. The recently completed three-hole drilling program reported visible gold in all three holes, and the upcoming program will continue to follow up on these results. Michael MacIsaac, P.Geo and VP Exploration, supervised the preparation of the information in this release. Metals Creek Resources Corp. is a junior exploration company incorporated in Ontario, is a reporting issuer in Alberta, British Columbia, and Ontario, and has its common shares listed for trading on the TSX Venture Exchange under the symbol 'MEK'. Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario, and has an 8 km strike length of the Porcupine-Destor Fault.

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