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METALS CREEK RES (MCREF) Stock News, Nov 2023-Jun 2024

MCREF OTC

Metals Creek Resources Corp. reports exploration and project-portfolio developments for a mineral issuer focused on Canadian resource properties. Recurring updates center on the Ogden Gold Project in the Timmins gold camp, a 50/50 joint venture with Discovery Silver in which Metals Creek serves as operator, including drill mobilization, drill planning, structural interpretation, and targets such as the Thomas Ogden Zone and Porphyry Hill.

Company news also covers option-partner work and assay results tied to the Yellow Fox critical-metals and rare earth element property in central Newfoundland, along with jointly staked natural white hydrogen prospects in Newfoundland. Other disclosures include partnership activity, shares-for-services marketing arrangements, and capital-structure information for the OTC Pink symbol MCREF and TSX Venture-listed MEK security.

Rhea-AI Summary

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.

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Rhea-AI Summary

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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FAQ

What is the current stock price of METALS CREEK RES (MCREF)?

METALS CREEK RES (MCREF) last closed at $0.02934.

What is the market cap of METALS CREEK RES (MCREF)?

The market cap of METALS CREEK RES (MCREF) is approximately $8.4M.