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Metals Creek Resources ( (TSE:MEK) ) has issued an announcement.
Metals Creek Resources Corp. has completed a surface trenching program at the Naybob West Zone in the Ogden Gold Project, Timmins, Ontario. The program successfully expanded mineralization along the east and west directions, revealing significant alteration and mineralization, and collected 60 surface grab samples. The project is part of a joint venture with Discovery Silver Corp, and the findings suggest potential for further gold mineralization, enhancing the company’s exploration prospects in the prolific Timmins Gold Camp.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.
Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior exploration company based in Ontario, Canada, focusing on gold exploration. The company has a 50% interest in the Ogden Gold Property in Timmins, Ontario, and is involved in various exploration projects, with shares listed on the TSX Venture Exchange under the symbol ‘MEK’.
Average Trading Volume: 451,342
Technical Sentiment Signal: Sell
Current Market Cap: C$6.77M
For an in-depth examination of MEK stock, go to TipRanks’ Overview page.