North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

$20M raised for CORE Alaska gold projects

Funds will support 2022 programs at Manh Choh, Lucky Shot North of 60 Mining News – April 15, 2022

 

Last updated 4/28/2022 at 2:52pm

Visitors stand on at outlook at Kinross Gold and Contango Manh Choh project.

Avalon Development Corp.

From a vantage above the 1.2-million-oz Peak Gold deposits at Manh Choh, Fairbanks, Alaska-based geologist Curt Freeman discusses the high-grade gold mineralization found there.

Contango ORE Inc. April 9 announced that it has entered into a binding agreement to raise US$20 million through the issuance of debenture, an unsecured loan that can be converted into shares, to fund its commitments at the Manh Choh gold project in eastern Alaska and for exploration and development on its Lucky Shot gold mine properties in the Southcentral region of the state.

"With strong fund...



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