White Cliff Minerals (ASX:WCN) has climbed 33% to $0.008 today after the company announced a highly anticipated drill program would commence at its Aucu Gold project in the Kyrgyz Republic.
Visible gold was discovered at surface.
A share purchase plan has been launched that will offer 150 million shares priced at $0.006 to raise up to $900,000.
This follows the recent oversubscribed placement, which generated A$1.2 million for exploration at a price of $0.006 per share.
The SPP includes 1 free attaching option exercisable at $0.02 on or before December 31, 2017 for every 2 shares subscribed.
The company may place any shortfall to professional and sophisticated investors.
The visible gold identified at surface occurs in three separate structures, each extending at least 3,000 metres in length.
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