A financing agreement has been signed by Alberta Gold Exploration Corp. (ASE) which will provide the company with $1.9 million on a flow-through share basis. A large portion of the funds will finance drilling on the Iris property in the Harker-Holloway area of Ontario.
The work will test a gold-tungsten mineralized zone with open pit mining potential. The company has also acquired an option to earn a 25% interest in 102 claims in Holloway and Marriott twps., Ont. The property is located four miles east of the new Holt-McDermott gold mine. Geophysical surveys have outlined several drill targets.
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