A private placement has enabled Greenhope Resources (GRH-M) to raise just over $500,000 to fund exploration work in Mozambique.
The major participant in the financing was Trillion Resources (TLQ-T), Greenhope’s joint-venture partner in the East African nation.
The companies are exploring four separate gold properties in Mozambique.
Drilling is under way at the Braganza-Chimeze properties and a second rig will begin work shortly at the Chifumbazi-Muende properties in Tete province, where several anomalous gold zones have been identified.
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