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The latest update is out from Metals Creek Resources ( (TSE:MEK) ).
Metals Creek Resources has announced that it is fully funded and preparing a new drill program for the first quarter of 2026 at its 50/50 Ogden Gold Project joint venture with Discovery Silver in the Timmins Gold Camp, targeting the Thomas Ogden Zone and Porphyry Hill, which were last drilled in 2022. The company is finalizing structural analysis from oriented core to better understand the orientation of gold-bearing quartz veins and fold structures, aiming to refine drill targeting across the property’s six identified mineralized zones and capitalize on historical high-grade intercepts and conceptual exploration potential, particularly at Naybob South and the underexplored western portion contiguous with Galleon Gold, underscoring the project’s strategic position between several producing and developing gold operations.
The most recent analyst rating on (TSE:MEK) stock is a Sell with a C$0.05 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent negative operating/free cash flow with a shrinking equity base). Technicals provide the main support, with price above key moving averages and positive momentum indicators, while valuation remains unattractive/unclear due to negative earnings and no dividend.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior mineral exploration company based in Ontario, focused primarily on gold exploration. Listed on the TSX Venture Exchange under the symbol MEK, the company holds a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, with an 8-kilometre strike length along the prolific Porcupine-Destor Fault in the Timmins Gold Camp, and maintains a portfolio of additional exploration projects available for option.
Average Trading Volume: 241,996
Technical Sentiment Signal: Buy
Current Market Cap: C$8.7M
For a thorough assessment of MEK stock, go to TipRanks’ Stock Analysis page.