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Boreal Gold Inc. ( (TSE:BGLD) ) has issued an announcement.
Boreal Gold Inc has successfully closed the first tranche of a non-brokered private placement, raising $179,550 through the issuance of Flow Through Units. The proceeds will be used for extensive exploration activities at the Fay Lake property, including geophysical surveys, drilling, and mapping to evaluate gold and VMS potential. The company also plans to conduct exploration at the North Star and Melgurd Lake properties, aiming to enhance resource estimates and further develop its mineral projects.
More about Boreal Gold Inc.
Boreal Gold Inc is a Canadian junior mineral exploration company.
Average Trading Volume: 7,157
Technical Sentiment Signal: Strong Sell
Learn more about BGLD stock on TipRanks’ Stock Analysis page.