Metals Creek Resources Corp. · TSXV:MEK
Metals Creek Resources — Investor Presentation (December 2023)
42 slides from Metals Creek Resources's investor presentation, Dec 8, 2023
Slide 1: Ogden and Shabaqua Corners Gold Projects + Tillex Copper Project
Ogden and Shabaqua Corners Gold Projects + Tillex Copper Project
Slide 2: Forward-Looking Statements
Forward-Looking Statements – Certain statements included in this and unexpected problems during the development, construction and presentation are forward-looking statements which are made pursuant to start-up phases of the underground mine. For a more comprehensive the “safe harbor” provisions of t
Slide 3: Shabaqua Corners Gold Project
Shabaqua Corners Gold Project
Slide 4: Shabaqua Corners Gold Project
Shabaqua Corners Gold Project Recently acquired 2023 Located approximately 52 kms west of Thunder Bay Along the same trend as Deltas’ New Eureka Discovery Initial round of prospecting yielded up to 45g/t Gold in grab samples from Main Zone Claims adjoining Delta’s Eureka Property on MEK’s Eastern Bo
Slide 5: Shabaqua Corners Gold Project cont'd
Shabaqua Corners Gold Project cont’d Recently discovered Western Shear Zone (WSZ) 950 meters west of Main Zone returned 18.5g/t Gold Additional new zone 205m west of Main Zone and 150m south of Echo with grabs samples up to 50.1g/t Gold Multiple new zones discovered showing how vastly under explored
Slide 6: Shabaqua Corners Gold Project
oO — SHABAQUA CORNERS GOLD PROJECT “METALS CREEK .. RESOURCES Ruurievers: SHABAQUA CORNERS GOLD PROJECT
Slide 7: Shabaqua Corners Sampling
i /345e/t >) | SHABAQUAICORNER SAMPLING ose jososhe, (fo reais | gt ee | hex NEW DISCOVERY ECHO ZONE MOBIL i Soert Sediments *) Volcanics SX. — —.— Zone of intense pervasive = = = carbonate alteration METALS CREEK @ June release grab samples RESOURCES % May 25th release grab samples TSX-V: MEK 50 me
Slide 8: Pan
Pan ‘Sedinientsay Bee - " NEW DISCOVERY s EAST ZONE : Af GOLD CAGsl= MAINZONE! NEES anger 60epit Ne °Y } ; oo ae he ‘onepae Boa SOUTH ZONE Volcanics METALS CREEK RESOURCES TSX-V: MEK
Slide 9: Shabaqua Corners Trenching Results
Bag oe 3D ethenouin GORNTEE teat m18.40¢/t/Ausu BUN W440g/t-Au NTRENGHING RESULTS mE: , Wi aus XS af NEW DISCOVERY ECHO ZONE ri t } zoe LAU HOE? AP ae Mg a MAIN ZONE pi2ei Au his oat 10208/t Au ; b 5962 Au! 090m L048] UAUN/IIG. 70m oe 29408/t Auy) 060i i se y, > - } sor ee fa ShabseghraegeaT Rogya F
Slide 10: Shabaqua Corners Gold Project Echo Zone
2.384 Soren 2e00%8 ne 205 200 me, 291,000 ne MEK GROUND kilometers ECHO ZONE Channeling of 1.04g/t Au / 18.70m & grabs to 18.40g/t Au T T T SHABAQUA CORNERS GOLD PROJECT Delta Resources a *DL-22-22 drilled 2.74g/t Au / 6.00m KH t ! , Delta Resources—Eureka Zone * DL-22-18 drilled 5.92g/t Au / 31.00m
Slide 11: Neighbouring Resources Results
Mistango River Resources **GLD-009 drilled 2.03g/t Au /4.90m Sources: *Delta Resources website ** Mistango River Resources website *** Assessment report 2000019006 , A Shabaqua Delta Resources *DL-22-22 drilled 2.74g/t Au / 6.00m Mistango River Resources _ **GLD-07-18 drilled 2.039/t Au /9.70m [eee
Slide 12: Untested Soil Anomalies
concone ms it UNTESTED O AU-IN-SOIL ANOMALIES WESTERN SHEAR ZONE Grabs to 18.5g/t Au Grabs to 1.47g/t Au METALS CREEK RESOURCES TSX-V: MEK SHABAQUA CORNERS GOLD PROJECT UNTESTED SOIL ANOMALIES ECHO ZONE Grabs to 10.3g/t Au ECHO SOUTH ZONE Grabs to 50.1g/t Au rabs to 1.33g/t Au Grabs to 1.01g/t Au it
Slide 13: Main Zone grab sample 42.8 g/t Gold
Main Zone grab sample 42.8 g/t Gold
Slide 14: Echo South grab sample 50.1 g/t Gold
Echo South grab sample 50.1 g/t Gold
Slide 15: Mineralized Echo Qtz-Carb Stockwork
Mineralized Echo Qtz-Carb Stockwork
Slide 16: Work to Date
Work to Date First piece of ground was acquired in Feb 2023 Work in 2023 has produced 249 grab samples by means of prospecting 216 soils collected resulting in numerous anomalies (highest is 715ppb Au at Western Shear Zone) Mechanical stripping resulted in 2 new discoveries to date (Echo South 50.1g
Slide 17: Similar Characteristics to Deltas' Eureka Property
Similar Characteristics to Deltas’ Eureka Property Quartz-Carbonate stockwork with multiple generations of veins Strong correlation to golds grades with increased vein density Gold Mineralization hosted within pervasive carbonatization halo ranging 50-100m in width Gold mineralization at or near sed
Slide 18: Ogden Gold Project, Timmins Gold Camp Ontario
Ogden Gold Project, Timmins Gold Camp Ontario
Slide 19: Timmins Gold Camp Mineralized trend
Timmins Gold Camp Mineralized trend
Slide 20: Ogden Gold Project – 50/50 JV with Newmont
Ogden Gold Project – 50/50 JV with Newmont Metals Creeks Flagship Property. Drilling in the shadow of the Head Frames in Canada’s most prolific Gold Camp Metals Creek have formed a 50/50 joint venture with Newmont, MEK is operator Over 8km of strike length of the Porcupine-Destor Break, the key cond
Slide 21: Ogden Gold Project – Gold Zones
Ogden Gold Project – Gold Zones
Slide 22: Thomas Ogden West December 2017 Drilling
METALS CREEK RESOURCES THOMAS OGDEN WEST— DECEMBER 2017 DRILLING 0G17-002 3.07¢/t Au over 8.22m Incl. 4.968/t Au over 3.97m OG17-001 0.24g/t Au over 17.00m OG12-001 z 8.28g/t Au over 0.59m iP CONDUCTOR IP CONDUCTOR TOG-17-60 8,37g/t Au over 2.00m And 1.21 g/t Au over 24.80m including 2.19 g/t Au ove
Slide 23: Thomas Ogden Zone
Thomas Ogden Zone MEK results from drilling 210.19g/t Au over 12.53m, including 2732.6g/t (2.73 kg) over 0.93m 49.96g/t Au over 9m April 2013 1.94g/t over 94m February 2012 2.20g/t Au over 75.85m including 5.26g/t over 23.4m Recent step out drilling 480m west of TOZ hit 5.06g/t over 2.6m. More recen
Slide 24: Thomas Ogden Area Gold Schematic Long-Section
METALS CREEK “—s asia ® < : TWO3-01 , =e : X = NN 200mel ---= Omel ----, 0.24g/t Au over 17.00m 06-17-60 8.37g/tAuover2.00m _5.06g/tAuover260m | and 1.21g/t Au over 24.80m TOG-13-25 . 210.19g/t Au (uncut) over 12.53m Incl. 2.19g/t Au over 6.80m : -_ = TMOMAS OGDEN AREA GOLD N METERS rovmmty , Metals
Slide 25: Highlights 2012/13 Drilling
Highlights 2012/13 Drilling Drill Hole Number Meters From Meters to Total Meters Gold g/t (Grams per tonne) TOG 11-11 78.00 172.00 94.00 1.94 TOG 12-03 90.50 118.00 27.50 1.14 and 148.00 171.30 23.30 5.73 TOG 12-05 141.30 185.00 43.70 2.34 including 170.00 185.00 15.00 5.04 TOG 12-06 146.60 162.87 1
Slide 26: QG-21-65A: VG-bearing Zone
METALS CREEK + QG-21-65A: VG-bearing Zone (350.6 to 352.25m) Rese Tai: Away A total of 30 clusters of visible gold were observed between 350.62 and 352.25m (red-outlined area, as shown above). Specks and blebs of gold vary in coarseness between <0.25 and 3mm, mainly occurring tangentially to, or wit
Slide 27: Sample Photos of VG-bearing Zone
LX”. METALS CREEK RESOURCES ple Photos of VG-bearing Zone 350.63m: 3mm by 1mm wide VG wisp/band ~352.2m: very fine- to fine-grained VG observed in tangential to a flat-lying veinlet composed of pale close proximity to very fine-grained seams of grey/transiucent quartz, hosted within altered felsite
Slide 28: Visible Gold in Core
Visible Gold in Core METALS CREEK
Slide 29: Visible Gold in Core
A”. Visible Gold in Core METALS CREEK RESOURCES
Slide 30: Naybob South Zone
Naybob South Zone Historic Results 6.33g/t Au over 5.37m 11.85g/t Au over 1.83m MEK recent drill results 9.24g/t Au over 6.61m 6.22g/t Au over 6.63m
Slide 31: Naybob South Longsection
KX”. Naybob South METALS CREEK Longsection RESOURCES 200 mN Osa 100 mN ew et e —OmN es “100 mN Naybob South Gold Mineralization Grade x Thickness
Slide 32: Ogden South Zone Drill Intercepts
LX”. METALS CREEK RESOURCES a 4.96g/t Au / 3.97m 210.19g/t Au (uncut) / 12.53m, 9.24g/t Au / 661m 2.14g/t Au / 1.80m (2.39g/t Au / 215m 6.22g/t Au /6.63m aes ———————— a 1.78g/t Au / 4.50 2.38g/t Au / 5.19m, 1.90g/t Au / 2.00m 2.6 kilometers SOUTH ZONE kilometers
Slide 33: Schematic Longsection
METALS CREEK 2Chematic Longsection BUFFALO-ANKERITE TIMMINS WEST PAYMASTER MINE DEPOSIT THUNDER CREEK DISCOVERY NAYBOB MINE) THOMAS OGDEN ZONE THOMAS OGDEN ZONE te x 4 ag —-— a> > = eh 77 } q a y Go = Ng ad wy. ° } a Ogden Property é Se q { (Western Extent) = Ogden Property (Eastern Extent)
Slide 34: Location! Location! Location!
Key Points about MEK Gold Projects Location ! Location ! Location ! - Located in the Prolific Timmins Gold Camp - 50/50 Joint Venture with Newmont, MEK is the operator and sets the budget on Ogden - High grade gold over wide widths - Near existing infrastructure - Shabaqua Corners Project along tren
Slide 35: Tillex Copper Project
KKK”. METALS CREEK RESOURCES Tillex Copper Project
Slide 36: Tillex Copper Project Location
Tillex Copper Project Location
Slide 37: Metals Creek Tillex Drilling Highlights
RESOURCES Metals Creek Tillex Drilling Highlights Hole From Meters (m) To Meters (m) Length Meters (m) Cu% | Ag g/t Tx08-002 30.95 128.00 97.05 1.19 NA [int | aos | coo | aos | ase | Tx08-003 36.10 41.00 4.90 0.62 NA and 50.63 73.50 22.87 1.05 NA NA TX08-004 42.00 123.13 $1.13 1.83 NA NA TX08-005 51
Slide 38: Tillex Property Schematic Cross-section
1.05% Cu over 22.87m 1.83% Cu over 81.13m meters 1.68% Cu over 85.48m Feldspar Porphyry Copper Mineralized Graphitic Argillite Volcanics TILLEX PROPERTY Schematic Cross-section Looking North
Slide 39: Footwall Mineralization
1.11% Cu /14.00m FOOTWALL MINERALIZATION 1.29% Cu / 71.49m 1.65% Cu / 85.48m Incl 2.09% Cu / 12.66m 355.299/t Ag / 5.00m @ TILLEX HORIZON © FOOTWALL HORIZON meters
Slide 40: Massive to Semi-massive chalcopyrite at Tillex
Massive to Semi-massive chalcopyrite at Tillex
Slide 41: Random/cross-cutting chalcopyrite stringers/veinlets
Random/cross-cutting chalcopyrite stringers/veinlets
Slide 42: Disclaimer
Disclaimer • The historic non-43-101 compliant resource calculation quoted for the Tillex deposit in this presentation does not meet the standards as outlined in National Instrument 43- 101, “Standards of Disclosure for Mineral Projects”, and has not been independently validated or verified by the C
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