Core Viewpoint - Metals Creek Resources Corp. has announced the sale of its 85% interest in the Tillex Copper-Silver Project to Aruma Resources Limited, allowing the company to focus on its Ogden Gold Project while retaining an interest in Tillex through equity shares and royalties [1][8][16]. Group 1: Transaction Details - The binding heads of agreement has been executed for the sale of Patent Claims 65382-0096 and 65382-0097, which comprise the Tillex Project [2]. - The acquisition includes a cash payment of C$100,000 and shares valued at C$125,000 upon closing, with additional deferred payments based on resource milestones [30]. - Aruma will grant a 0.5% net smelter return (NSR) royalty, which can be reduced by half for a payment of C$250,000, resulting in a total NSR royalty of 1% for Metals Creek [24]. Group 2: Project Overview - The Tillex Project is located in the Timmins mining district, known for its mining-friendly jurisdiction, and is characterized by copper sulphide mineralization starting just below a shallow overburden [4][14]. - The project has a known depth of approximately 150m, with mineralization interpreted to extend along strike beyond the current drill coverage of about 450m [5][14]. - Historical drilling has shown significant high-grade copper and silver intersections, including up to 5m at 355.30g/t Ag from drill hole TX11-008 [9][15]. Group 3: Future Plans and Exploration - Aruma plans to implement a dual strategy of exploration and resource development to expand the mineralized footprint and confirm a maiden Mineral Resource Estimate (MRE) [6][41]. - Initial exploration will focus on near-surface high-grade targets and the extensions of the current mineralized footprint, with a planned first-phase drilling program [41][48]. - The project is well-positioned with access to infrastructure, including power and water, and is located near major mining operations [27][28].