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Metals Creek Resources ( (TSE:MEK) ) has provided an update.
Metals Creek Resources Corp. announced promising assay results from their Careless Cove Property in Newfoundland, revealing high-grade gold and antimony. The prospecting program showed a strong correlation between gold and antimony, with antimony values reaching up to 2.3%. This discovery, located near New Found Gold Corp.’s Queensway High-Grade Gold Project, enhances Metals Creek’s exploration prospects and positions the company favorably in the gold and antimony markets.
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 British Columbia, Canada, with a focus on gold exploration. The company has a significant interest in the Ogden Gold Property near Timmins, Ontario, and offers multiple projects for option.
Average Trading Volume: 405,511
Technical Sentiment Signal: Buy
Current Market Cap: C$6.75M
For an in-depth examination of MEK stock, go to TipRanks’ Overview page.