Welcome to our dedicated news page for METALS CREEK RES (Ticker: MCREF), a resource for investors and traders seeking the latest updates and insights on METALS CREEK RES.
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Metals Creeks has mobilized a diamond drill rig to the Shabaqua Corners Gold Property in Thunder Bay, Ontario, targeting high-grade channel sampling. The property is located near the Shebandowan Greenstone Belt and has had minimal exploration work. The company aims to release drill results once compiled.
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Metals Creek Resources Corp. (MCREF) closes private placement financing, issuing 11,173,400 flow-through units for $335,202. The funds will support exploration at Shabaqua Corners Gold Project and Tillex Copper Project. New gold discoveries and high-grade samples reported. Permits received for drill program at SCGP. Tillex drilling to follow in Winter/Spring.
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Metals Creek Resources Corp. has closed the flow-through portion of its private placement financing, issuing 11,173,400 flow-through units for gross proceeds of $335,202. The company has also received Exchange approval to extend the closing of the non-flow-through portion of the Private Placement to February 14, 2024. The proceeds will be used for ongoing exploration at the Company's Shabaqua Corners Gold Property and Tillex Copper Project, as well as for general working capital purposes.
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Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) announces approval to close the first tranche of its non-brokered private placement, issuing 11,173,400 flow-through units for $335,202. The company also plans to close the non flow-through portion in mid-January 2024, with proceeds to be used for exploration at the Shabaqua Corners Gold Property and general working capital.
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Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) announces a new gold discovery at the Shabaqua Corners Gold Property in Ontario, with high-grade gold mineralization found in a new target area outside of the main gold trends. The property is located within the Shebandowan Greenstone Belt, approximately 54 km west of Thunder Bay, Ontario near Shabaqua Corners and on trend to Delta Resources Delta 1 project. The discovery adds to the exploration potential of the property, with multiple untested gold in soil anomalies and associated pathfinder elements remaining unexplored due to extensive overburden. President and CEO, Alexander (Sandy) Stares, expresses optimism for the continued success of the underexplored Shabaqua Corners Gold Property.
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Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) has announced new high grade gold mineralization from mechanical surface trenching on the Shabaqua Corners Gold Property, located in the Shebandowan Greenstone Belt near Thunder Bay, Ontario. The property has seen little exploration work, and the recent trenching program resulted in the discovery of additional high grade gold mineralization 120m east of the recently discovered western shear zone. Assay results ranged from 0.45 to 18.1 grams per tonne (g/t) gold (Au), associated with an east-west trending, highly weathered shear zone with strong pervasive iron carbonate alteration. The discovery, called the Western Shear Zone Extension (WSZE), was the result of a trenching program following up on a recce soil grid laid out on the western claim block. Soil sampling has been instrumental in 3 new gold discoveries on the property, with other soil anomalies remaining untested due to extensive overburden.
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Metals Creek Resources Corp. (TSXV: MEK) is pleased to announce high-grade mineralization on the Shabaqua Corners Gold Property in Thunder Bay, Ontario. The company reported 29.12 g/t Au over 0.75m with visible gold in channel sample assay results from a trenching program. The property is located within the Shebandowan Greenstone Belt, near Delta Resources Delta 1 project. The results further validate the high-grade nature of mineralization at surface within the Main Zone, indicating potential for parallel zones of gold mineralization. The project is underlain by mafic volcanics with interbedded sediments, and all samples were sent to Activation Laboratories for analysis.
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Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) announces a non-brokered private placement of flow-through and non flow-through units, expected to close on or before 23 December, 2023. The company intends to issue up to 15,000,000 flow-through units at a price of $0.03 per unit for proceeds of up to $450,000. Additionally, up to 5,000,000 non flow-through units will be issued at the same price for proceeds of up to $150,000. The Private Placement is subject to approval by the TSX Venture Exchange. The proceeds raised from the FT Units will be used for drilling on the Shabaqua Corners Gold Property and the Tillex Copper Project to ensure they qualify as a 'flow-through mining expenditure' for tax purposes.
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Metals Creek Resources Corp. (MEK) reports 1.04 g/t Au over 18.7m within Qtz/Carb stockwork at Echo Zone, indicating larger widths at the surface with gold grades. The Shabaqua Corners Gold Property (SCGP) has shown the presence of multiple prospective gold targets and new zones of gold mineralization, highlighting the potential for significant gold deposits in the area.
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Metals Creek Resources Corp (MEK) announces positive channel sample assay results from the Shabaqua Corners Gold Property in Thunder Bay, Ontario.
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METALS CREEK RES
OTC:MCREF
MCREF Rankings
MCREF Stock Data
4.31M
162.49M
3.43%
0.27%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Thunder Bay