Commitments for $7.2M received to accelerate gold discovery
Filed with ASX · · 6 pages · English
Summary by 6ix AI
GoldArc Resources Limited has announced it received commitments to raise funds to accelerate exploration at its Leonora North Gold Project. The company aims to raise significant capital through a placement of shares to sophisticated investors, which will support an aggressive drilling campaign targeting resource growth and new gold discoveries. GoldArc holds a substantial portion of the Ursus Fault, with much of it remaining untested, presenting a significant opportunity for discovery.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Goldarc Resources Limited on 6ix
Earlier from Goldarc Resources
- GoldArc Confirms High Grade Gold System at Cosmopolitan
- High Grade RC Results Confirm Grade Continuity
- 11,000m Campaign to Unlock Gold at Yttria, Leonora North
- Bonanza Gold Grades Confirmed across 5km Niagara Trend
- 15,260m Leonora South Drilling Campaign Completed
Later from Goldarc Resources
- RC Results Continue to Confirm Grade Continuity-Mt Stirling
- Exceptional 106g/t Au Intercept at Mt Stirling
- Broad High-Grade Intercepts Confirm Deposit-Wide Continuity
- Round Six Delivers Widest Intercept at Mt Stirling
- Critical Element Signature Confirmed within Mt Stirling
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