A successful round of financing has landed Armistice Resources with gross proceeds of $935,600.25 for use at its McGarry gold project, located 40 kilometres east of Kirkland Lake.
The funds will be used for underground exploration at the 484-hectare project, which sits next to the former producing Kerr Addison gold mine.
Armistice is in the process of updating the industry-compliant resource estimate at the project, and recently completed test milling of a 44.3-ton sample of crushed rock from a bulk sampling program.
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