Metals Creek Resources Corp.
(MEK:TSXV)
Snapshot of Metals Creek Resources Corp. (MEK)
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OPEN
C$0.14
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PREVIOUS CLOSE
C$0.14
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DAY HIGH
C$0.14
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DAY LOW
C$0.13
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52 WEEK HIGH
08/7/09 - C$0.28
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52 WEEK LOW
01/5/09 - C$0.04
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MARKET CAP
7.8M
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AVERAGE VOLUME 3 mo
94.0K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
55.8M
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MEK Does Not Pay Dividends
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P/E TTM
NM
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MEK Details
Metals Creek Resources Corp. engages in the identification, acquisition, exploration, and development of mineral resource properties in Ontario, and Newfoundland and Labrador, Canada. It primarily explores for base metals, gold, uranium, and platinum group metals. Metals Creek Resources Corp is based in Toronto, Canada.
MEK Top Compensated Officers
Key developments for Metals Creek Resources Corp. (MEK)
Metals Creek Resources Corp. announced the commencement of a 2000 meter diamond drill program on its Ogden Gold Property in Timmins Ontario. The project is an Option Agreement with Goldcorp Canada Ltd. and Goldcorp Inc. to explore Goldcorp's Ogden gold property in Ogden and Deloro Townships located 6 kilometers south of Timmins city center. These claims cover eight kilometers of strike length of the highly prospective Porcupine-Destor Break which is host to the Dome Mine complex and five large past producers located between three and eight kilometers to the east of the Property along the gold trend. Recent discoveries in the area include Lake Shore Gold's and West Timmins Mining Inc.'s Thunder Creek Project, located 10 km to the west of the Property, along the same gold trend. This drill program will test the continuity and down plunge extension of the Naybob South and Thomas Ogden gold mineralization as well as several high priority drill targets including Porphyry Hill in which the Corporation previously announced June 20, 2009 the discovery of a surface gold showing within porphyry style mineralization assaying up to 64.4 g/t gold from surface grab samples collected by company personnel earlier in the summer. Additional drilling will also take place testing several ground geophysical anomalies and further expanding on the previously announced August 10, 2009 near surface intercept of 6.61m of 9.24 g/t gold within the Naybob South stratigraphy.
Metals Creek Resources Corp. to provide an exploration update with regards to its recently completed summer field programs in Ontario and Newfoundland. The update includes additional assay results from prospecting completed on the Corporations key projects during the summer season. Prospecting on the Ogden property's Porphyry Hill have confirmed high grade gold from previous prospecting, with follow up grab samples assaying up to 50.6 g/t, 26 g/t, 21.4 g/t and 13.2 g/t gold within a porphyry unit. Assay's ranged from 0.005 g/t to 50.6 g/t. Porphyry Hill is one of several high priority drill targets on the Ogden Property. The Corporation is currently planning for its Drill program to commence in November. The Corporation has received additional assay results from the recently completed prospecting program within the Flint Lake and Bag Lake Area's on its Dogpaw Property. High grade results from grab samples from a quartz stock pile near an historic exploration shaft in the flint lake area assayed up to 720 g/t gold. Other results of samples from this rubble pile include 484 g/t, 396 g/t and 206 g/t gold. Assay's ranged from 0.006 g/t to 720 g/t gold with significant visible gold being noted in several samples. Further work is required to delineate the extent of mineralization at Flint Lake including line cutting, geological mapping and ground geophysics.
Metals Creek Resources Corp. announced that the Corporation has received high grade assay results from its Dogpaw Lake Property, located within the Kenora Mining District, approximately 55 kilometers southeast of the city of Kenora, in Northwestern Ontario. The property consists of 29 unpatented claims and is part of the Corporation's Dogpaw-Stephens Lake Project. A portion of the property is operated through an option agreement with Endurance Gold (EDG), in which the Corporation has earned a 75% interest in the property by incurring $450,000 in expenditures and issuing 450,000 shares over 2 years. The property lies within the central portion of the east-west trending Wabigoon greenstone belt and is host to several historic gold occurrences which have seen little exploration. This portion of the Wabigoon greenstone belt is an emerging gold camp with exciting drill intercepts coming from both Houston Lake Mining and Rainy River Resources. Nuinsco's Cameron Lake deposit also lies 12 kilometers southeast of the property along the Cameron lake fault. The Corporation initiated a prospecting/mapping program in the vicinity of the historic Flint Lake Occurrence to follow up on historic gold assays and determine the lateral extent and orientation of the gold bearing structure. A total of 26 surface grab samples were submitted with assays ranging from 0.034 to 133.2 g/t Gold. The main Flint Lake Occurrence has been traced for over 100 meters of strike length and is open in both directions. Mineralization is hosted within a strongly carbonatized east west trending structure with associated quartz veining and local pyrite mineralization.
Stock Quotes
| Recently Viewed | |||
| MEK (CA) | C$0.14 CAD | 0.00 | |
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| PVR | $18.85 USD | +0.19 | |
| INCO (DE) | €0.28 EUR | -0.003 | |
| EBS | $13.98 USD | +0.19 | |
| MIDD | $46.36 USD | +0.17 | |
Market data is delayed at least 20 minutes.
MEK Competitors
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Industry Analysis
| Valuation | MEK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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MEK |
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MEK transactions
| Type Date |
Target |
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Private Placement
August 25, 2009 |
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Private Placement
June 16, 2009 |
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