A $920,000 flow-through offering at 60 cents per share is in progress, reports New Goldcore Ventures (NGV-M).
The company plans to use the funds to continue exploring its five gold and base metal properties in the Eastern Townships of Quebec.
Most of the funds will be allocated to the Clinton property, south of Lake Megantic, where drilling has intersected two new mineralized structures.
Results include a 3.2-metre intersection grading 0.21% copper and a 6.7-metre intersection grading 0.12% zinc at depths of 80-160 metres. Clinton is a historic producer with current reserves of 583,000 tonnes grading 1.88% copper and 1% zinc in two known lenses.
The remaining proceeds will be divided among the Lingwick, Weedon, St.
Francois River and Drummondville properties.
Be the first to comment on "New Goldcore raises financing"