Gold deposit shows potential for open pit mine. (Mining).Holmer Gold Mines Ltd. has announced plans to undertake a $500,000 drill-test program at its Timmins Gold Project in Bristol Township. The company announced completion of private placement financing of 2.5 million units to raise gross proceeds of $500,000, the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). which will be used to fund a fill-in drilling program. They believe there is high potential for discovery of further mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. on the property. After preliminary drilling, a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. will commence this summer and should be wrapped by the end of the year. The company says great potential exists for an open pit-underground gold mine. The property sat idle since November 2000 when another junior, St. Andrew Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Ltd., failed to complete expenditure commitments under an option. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion