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canada goose clearance sale Homestake Resource Corp (CVE:HSR) says it plans to raise up to almost $1.7 million for its Kinskuch exploration program in British Columbia through an equity financing.The flow through units will be made up of one flow through share and one half share purchase warrant, with each whole warrant allowing the holder to buy one common share at a price of 25 cents for a period of canada goose black friday 2019 uk two years.The non flow through units, meanwhile, will consist of one common share and one share purchase warrant, with each whole warrant allowing the holder to buy another common share at canada goose garson vest uk a uk canada goose outlet price of 20 cents for a period of two years.The new funds will be used canada goose outlet london uk for Canadian exploration expenses, as defined under the Canadian Income Tax Act, for the company’s exploration of the Kinskuch project in British Columbia, as well as for working capital.The Kinskuch project is a large 623 square kilometre property located directly east of the company’s Homestake Ridge property, and extends south around 30 km to tidewater at Alice Arm/Kitsault in Northwestern British Columbia.Rock and soil geochemical results from the 2012 exploration program continue canada goose trousers uk to show “extensive mineralization” throughout the property, the company said.Specifically, earlier this month, the company announced that surface soil and rock sampling on the Illiance River trend extended silver lead zinc mineralization south of Homestake’s 2011 drilling by an additional 750 metres, and expanded the overall trend to more than 4.5 kilometres of strike length.Mineralization along the entire trend remains open in all directions.The Illiance River trend is the first of “several drill ready target areas” found on the property located next to the company’s own Homestake Ridge project, and will be the focus of the 2013 exploration program.The Homestake Ridge project is being advanced as a potential high grade underground mining operation with a current NI 43 101 compliant indicated resource, at a 3.0 g/t gold equivalent cut off, of 191,000 ounces gold and 1,350,000 ounces silver plus an inferred resource of 530,000 ounces gold and 13,470,000 ounces silver.The sampling has also expanded the overall Illiance River trend to more than 4.5 kilometres of strike length, the company said. Mineralization along the entire trend remains open in all directions.Further, a second parallel trend of elevated copper and gold anomalies has been found to the west of the main trend within a large geophysical anomaly. The geologic setting is believed to be similar to the historic Dolly Varden VMS mine, the largest historic silver producer in the region, Homestake noted.The Illiance River trend is the first of several “high priority areas” identified by Homestake on this large 63,200 hectare Kinskuch property in British Columbia, next to the company’s Homestake Ridge project.”Some of the best VMS deposits in the world occur within Jurassic age Hazelton rocks, and include the past producing Eskay Creek and nearby Dolly Varden deposits,” said the company’s VP of exploration, Rob Macdonald.”Our cheap canada goose online drilling demonstrated that Ag Pb Zn mineralization occurs at very attractive grades, similar to grades at the Dolly Varden deposits. canada goose clearance sale
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