Reactivated Delbridge Mines has received regulatory approval for a financing expected to net the company $315,000 when completed. The money will fund a follow-up exploration program on the company’s Old DeSantis gold property in Turnbull Twp., Ont.
Work completed by Delbridge, following the company’s reactivation in 1985, included stripping, trenching and shaft dewatering. Channel samples across a 90-ft mineralized zone graded up to 0.58 oz gold per ton.
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