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TSX Placement CDN $6.5M (Discount 21% to 30 day VWAP) - Advanced Gold Explorer
| Categories: | Securities, Unissued Securities |
| Sale Type: | Asking Price |
| Price Guide: | CAD $0.055 per share + 1 free warrant/option. Current market cap $3.75M from high of $90M. |
| Status: | Closed |
Summary:
The TSX listed Company has 100% ownership of an advanced gold project. The project with €40M invested to date is technically robust situated in a highly prospective region. Drilling to date totals 65,000m in 440 holes (245 diamond drill holes). Measured and indicated category resources containing 715,000 ounces Au grading 6.19 g/t Au at a 3.0 g/t Au cut off with significant engineering proving flotation gold recoveries of 96%. The Company has recently appointed a highly experienced Board, Management and Technical team. Feasibility Study due within 6 months. Package module plant already in design and costing. Project finance options in discussion.
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