Vancouver-based Anooraq Resources (ARQ-V), a junior company managed by the Robert Dickinson and Robert Hunter team, has closed a $3.4-million financing for a Mexican exploration program.
The company will use the proceeds to explore its 87,774-ha Santa Rosa concession, 120 km west of Mexico City.
The land package covers more than 35 km of strike length of the prospective Teloloapan Subterrane, which hosts numerous precious-metals-rich volcanogenic massive sulphide deposits. The region is being actively explored by a number of junior companies (including Valerie Resources and Farallon Resources).
Anooraq notes that the Santa Rosa concession surrounds and covers the geological extensions to the Tizapa massive sulphide deposit being mined by the Mexican state-owned company Penoles and its Japanese joint-venture partners.
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