Mayo Lake Minerals, Inc. (TSE:MLKM) has released an update.
Mayo Lake Minerals Inc. is set to merge with WestMountain Gold Inc., which will enhance their gold and silver resources significantly, with estimates showing a substantial increase to 880,000 ounces of gold and 1,200,000 ounces of silver by narrow vein mining. The merger will combine their assets in the Tintina Gold Province and is backed by a planned $7.5 million private placement to fund an expansive diamond drill program.
For further insights into TSE:MLKM stock, check out TipRanks’ Stock Analysis page.