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The latest update is out from Hemlo Explorers ( (TSE:RSG) ).
Rocky Shore Gold Ltd. has successfully closed the final tranche of its oversubscribed non-brokered private placement, raising a total of $2.5 million. The funds will be used to advance exploration at the Gold Anchor Project, including an inaugural drill program at the Lane Pond Gold Target, which is strategically located within the Appleton Fault Corridor known for hosting gold resources. This move positions Rocky Shore to potentially identify Newfoundland’s next major gold discovery, enhancing its industry standing and offering promising implications for stakeholders.
More about Hemlo Explorers
Rocky Shore Gold Ltd. is a Canadian exploration company focused on discovering major gold deposits at its Gold Anchor Project in central Newfoundland. The project is situated in one of Canada’s promising and underexplored gold belts, covering over 1,200 square kilometers and is strategically located near significant gold discoveries and deposits.
Average Trading Volume: 169,188
Technical Sentiment Signal: Buy
Current Market Cap: C$17.17M
For detailed information about RSG stock, go to TipRanks’ Stock Analysis page.