CopperQuest (COATS) has raised $300,000 after completing a public offering of 1.5 million shares at 21 cents per share. The funds will be used to finance exploration on the company’s Knife Lake copper property in northern Saskatchewan. Previous drilling on the claims outlined a large zone of copper mineralization. One of the best drill holes from the property intersected 35.5 ft. assaying 2.32% copper. The intersection was within a larger 132.5-ft. section grading 0.91%.
A geophysical anomaly which, CopperQuest says, reflects the mineralized zone and strikes for more than a mile.
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