Australian explorer, Dark Horse Resources Ltd (ASX:DHR) has released activities report for the June 2020 quarter. During the quarter, DHR entered a partially binding term sheet with Sotkamo Silver AB to acquire 100% of Tampere Gold Project in Finland and Bergslagen Tungsten Project in Sweden. Completion is targeted by 14 August 2020.
At Tampere Gold Project, the most advanced prospect is Hopeavouri, where best drilling intersections were reported as:
- R305: 11.5m at 19.4 g/t Gold from 30.6m depth
- R313: 10.7m at 14.4 g/t Gold from 4.0m depth
- R330: 3.0m at 106.7 g/t Gold from 22.0m depth
In the last quarter of 2020, DHR plans to undertake a diamond drilling program at Tampere, especially on the Hopeavouri high-grade gold prospect
Dark Horse also completed a private placement to raise $675,000 cash during the quarter. Post June 2020, the Company raised $1,532,000 in an SPP, aimed to place DHR well to pursue the exploration activities at the new Finland project.
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