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Last C$0.02 CAD
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Volume 32.0K
As of 4:15 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

metals creek resources corp (MEK) Snapshot

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metals creek resources corp (MEK) Details

Metals Creek Resources Corp., a junior exploration company, engages in the identification, acquisition, exploration, and development of mineral resource properties in Canada. It primarily explores for gold/silver deposits. It holds a 50% interest in the Ogden Gold Property located south of Timmins, Ontario. The company also holds interests in other mineral resource properties located in Ontario, Yukon, Newfoundland, and Labrador. Metals Creek Resources Corp. is based in Thunder Bay, Canada.

metals creek resources corp (MEK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$160.0K
Chief Financial Officer, Director, Chairman o...
Total Annual Compensation: C$27.1K
Compensation as of Fiscal Year 2014.

metals creek resources corp (MEK) Key Developments

Metals Creek Resources Corp. Announces Results from Bottle Roll Leach Testing on the Recently Discovered Gold-Bearing Granitic Boulder Train Termed Ryan's Hammer on the Staghorn Gold Property

Metals Creek Resources Corp. has been advised by its partner Benton Resources Inc. of the results from bottle roll leach testing on the recently discovered gold-bearing granitic boulder train termed Ryan's Hammer on the Staghorn Gold Property. The property is under option from Metals Creek Resources Corp. The sample was a composite of reject material totaling 1.182 kg from 3 grab samples collected late last fall and represented arsenopyrite-rich mineralization. The sample had a calculated head grade of 2.24 ppm gold and results of the cyanide bottle roll test include recoveries of 82.6%, 89.3% and 92.3% gold after 24, 48, and 72 hours respectively. The sample was submitted to Activation Laboratories Ltd. of Thunder Bay, Ontario. Approximately 1000g was representatively split and ball milled to 80% passing 75µm and leached for a total of 72 hours with solution samples collected and assayed at 2, 4, 8, 24, 48, and 72 hours. Assays were completed using fire assay with atomic absorption finish. In addition, Benton plans to complete similar testing on the Woods Lake zone located 8km southwest of the Ryan's Hammer showing where previous diamond drilling completed by Metals Creek included results of 2.14gpt Au over 16.1m including 6.18gpt Au over 5.11m. Benton's upcoming Phase 1 exploration program for the Staghorn Property includes grid establishment, prospecting, ground geophysics and stratigraphic mapping. A diamond drill program will follow to test defined targets. The Cape Ray regional fault hosts a number of gold deposits including Marathon Gold's Valentine Lake deposit, located 30 km to the northeast of the Ryan's Hammer showing, the Woods Lake gold zone and Benton's Cape Ray Gold deposits to the southwest. The Staghorn Property covers a 29 km strike length of the gold trend and previous work had outlined a number of gold showings in the central and southwestern part of the property as well as the identification of a gold zone over a 1km strike length.

Metals Creek Resources Corp. Auditor Raises 'Going Concern' Doubt

Metals Creek Resources Corp. filed its Annual on Apr 09, 2015 for the period ending Dec 31, 2014. In this report its auditor, Wasserman Ramsay, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Metals Creek Resources Corp. Reports Blackflake West Initial Drill Results

Metals Creek Resources Corp. reported Blackflake West Initial Drill Results indicate a VMS Style System. A total of four holes were drilled during this program, three of which were drilled to test portions of a large airborne electromagnetic anomaly in the west (El Gordo target) and the fourth hole into a smaller, more conductive anomaly (El Nino target), approximately 1.5 km to the east of El Gordo. Heavy and widespread sulphide mineralization was encountered over the majority of the lengths of all four holes, with sections of massive to semi-massive sulphide concentrations present along with stringer zones in intimate association with heavy amphibole alteration. From visual inspection it appears that the holes intersected the same mineralized system consisting of upper amphibolite-metamorphosed mafic and felsic gneiss that have suffered intense pre-metamorphic, volcanogenic massive sulphide style ("VMS") hydrothermal alteration which strongly metasomatized the rocks, in some cases transforming them locally to massive actinolite. The large batch of assays from the entire length of mineralization has been sent to the laboratory, and the Company is currently awaiting results. Results of the large batch assays are anticipated within weeks and will be communicated in a timely fashion.


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