Mosaic Minerals prepares 2,500-meter drill program at Golden Island gold project in Quebec
Bitget2026/09/23 12:06- Mosaic Minerals closed a first tranche of a private placement, raising $592,031 to advance its Golden Island gold project in Quebec.
- Financing included 3,526,190 flow-through units at $0.01, each with a $0.17 warrant exercisable for 12 months.
- It also sold 2,609,191 units at $0.09, each with a $0.12 warrant exercisable for 24 months.
- Work completed ahead of drilling outlined new gold-bearing zones, visible gold in channel samples, and a 1 km geophysical corridor.
- Plans call for a fully funded 2,500-meter, 10-hole drill program targeting historical SOQUEM 1982 holes and new zones.
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