The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (CEE) and Canadian Development Expenditures (CDE), within the meaning of subsection 66(15) of the Income Tax Act (Canada), on McEwen’s properties in the Timmins region.
Kootenay’s President & CEO, James McDonald states, “We are pleased that our planned drilling is intersecting D Vein consistently at expected target depths with a 100% hit rate to date for the D Vein. The widths and grades we are seeing at D Vein are extremely encouraging and support our belief in the potential of defining a significantly sized silver resource. We are also starting to intersect additional mineralized veins flanking the main mineralized vein.”
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The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
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