Welcome to our dedicated page for Metals Creek news (Ticker: MCREF), a resource for investors and traders seeking the latest updates and insights on Metals Creek stock.
Metals Creek Resources Corp (MCREF) provides investors with essential updates through this comprehensive news hub. Track all official announcements, exploration milestones, and strategic developments from this Ontario-based junior mining company focused on copper and gold projects.
This centralized resource delivers timely updates on drilling programs, assay results, and partnership agreements. Investors gain access to verified information about the Tillex Copper Project, Ogden Gold joint venture, and other key initiatives – all critical for informed decision-making in mineral exploration investments.
Regular updates include progress reports on diamond drilling campaigns, geological modeling advancements, and strategic collaborations. The company maintains strict adherence to NI 43-101 standards, ensuring transparent communication of technical results through qualified person reviews.
Bookmark this page for direct access to Metals Creek's latest corporate developments. Check back frequently for updates on resource expansion efforts, exploration strategy evolution, and market positioning within the junior mining sector.
Metals Creek Resources Corp. announces a non-brokered private placement to raise a total of $400,000. The company will issue 8,000,000 flow-through units and 8,000,000 non flow-through units at $0.025 per unit. Each flow-through unit includes one common share and one warrant exercisable at $0.06, while each non flow-through unit includes one common share and one warrant exercisable at $0.05. The funds will support drilling at the Tillex Copper Project and Shabaqua Corners Gold Property. The last drilling at Tillex in 2011 yielded significant results, including 85.48 meters of 1.65% copper and 33 g/t silver.
On June 14, 2024, Metals Creek Resources announced promising drill results from their Shabaqua Corners Gold Property (SCGP). The deepest hole in the Echo Zone revealed visible gold with 0.45 g/t Au over 21m. Five drill holes targeted the Main and Echo Zones, with significant results including:
- GC24-001: 0.37 g/t Au over 28m, including 1.09 g/t Au over 3m.
- GC24-002: 0.48 g/t Au over 21m, within a broader 40m zone of 0.33 g/t Au.
- GC24-003: 0.15 g/t Au over 39m.
- GC24-004: 0.29 g/t Au over 3.56m.
GC24-005 showed no significant assays. The program identified extensive alteration with increasing alteration intensity and gold mineralization at depth. The SCGP is located in the Shebandowan Greenstone Belt, 54 km west of Thunder Bay, Ontario, and displays potential for further gold delineation.
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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