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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: RE: NEWS - Non-Flow-Through Private Placement Closed

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radar0999

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RE: NEWS - Non-Flow-Through Private Placement Closed

posted on Jan 23, 04 12:01PM

Wondering if you could clear up something for me:

The news release of Jan 9 says:

The proceeds from the flow-through private placement will be used to fund exploration work on the Company’s Mount Thom, Upper Kemptown and West River Station “IOCG type” copper-gold projects in Nova Scotia.

The news release of Jan 23 says:

The proceeds from this private placement will be used to fund on-going market development work for the Separation Rapids and Warren Township projects as well as working capital to cover administrative expenses and settle outstanding accounts payable.

Are we talking about different funds here or has the use of the proceeds changed from that represented in Jan 9? In particular, I am interested in knowing that the drilling for Mount Thom is proceeding as planned in February. Has this timing been delayed?

Thank you.