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White Rock Minerals completes A$8.5 million placement to fully fund 2021 Alaskan activities
Exploration plans include the operation of three diamond drill rigs at the large Last Chance Gold IRGS Prospect and the high-grade Red Mountain silver-zinc-gold-lead VMS prospect. The exploration program is underway with airborne geophysics.
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) has completed the placement of fully paid ordinary shares to various institutional and sophisticated investors raising approximately A$8.578 million.
The company plans to use proceeds to fund its expanded Alaskan exploration activities in 2021 as well as for general working capital.
These activities include operating three diamond drill rigs at the large Last Chance Gold IRGS Prospect and the high-grade Red Mountain Silver-Zinc-Gold-Lead VMS Prospect.