Pacific American Holdings Ltd. (AU:AVM) has released an update.
Pacific American Holdings Ltd. has made significant strides in their Augustus Project, with phase 1 geological mapping completed and samples sent for analysis, expecting results by early August. The company has furthered its progress by creating a 3D model for better geological interpretation and successfully raised $1.8 million for project funding. In addition to enhancing its copper and gold portfolio, the company is actively seeking new global project opportunities to increase shareholder value.
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