- Ten million units consisting of common shares and share purchase warrants are being offered at a price of $0.10 per unit
- Results from San Roque gold exploration project’s latest core drilling and sampling program found more good mineralization
- Company plans to expand drilling program to other zones in San Roque, where important new mineralization has been discovered by trenching
Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF), a Canadian junior exploration company dedicated to acquiring resource-rich properties in Argentina, continues to focus its efforts on gold exploration activities at its San Roque property in the South American country, after positive results of the latest diamond core drilling program expanded areas of known mineralization. In its current phase of operations, the company is preparing a new surface exploration program of geologic mapping, soil and rock chip sampling, and mechanized trenching aimed at refining drilling targets for testing new and exciting zones of recently discovered mineralization.
The company recently announced a financing initiative aimed at generating a cumulative amount of $1 million. The company said that it arranged a non-brokered private placement financing of up to 10 million units at a price of $0.10 per unit. Each unit consists of one common share and…
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