Metals Creek Resources has raised $732,000 in advance of a 4,000-metre drill program at the Ogden Gold Project in Timmins.
The funds were raised through two tranches of non-brokered private placement, which closed on Oct. 23 and Oct. 24, respectively.
The company issued an aggregate of 8,666,666 non flow-through units for gross proceeds of $520,000, and an aggregate of 2,650,000 flow-through units for gross proceeds of $212,000, for a total of $732,000.
The company has a 50 per cent interest in the Ogden Gold property – Goldcorp holds the remaining 50 per cent interest – including the former Naybob Gold mine located six kilometres south of Timmins, and has an eight-kilometre strike length of the prolific Porcupine-Destor Fault that stretches between Timmins and Val d'Or, Que.
Metals Creek Resources additionally has interests on properties in Yukon and Newfoundland and Labrador.