The funds will be used to advance exploration at the company’s Silica Hill gold-silver discovery where drilling in 2016 returned very high grade gold and silver.
Highlights include: 0.3 metres at 23 g/t gold and 1,110 g/t silver within large bulk mineable widths such as 41.3 metres at 2.0 g/t gold and 176 g/t silver from 61 metres.
The Silica Hill Prospect is part of the Commonwealth Project and located about 100 kilometres north of Orange in New South Wales.