NUNAVUT – Vancouver-based MIRAMAR MINING has raised $15 million through the sale of 2.0 million flow-through common shares. The proceeds will be used to expand work at the new BN zone and other programs at the company’s Hope Bay gold property next year.
The recently discovered N zone lies about 400 m to the north of the Boston deposit and consists of mineralization not previous recognized at the Boston deposit. The zone is described as similar to the Dome and Pamour deposits near Timmins, Ontario. It could have open pit potential.
Detailed information about Miramar’s wholly owned Hope Bay project is posted at www.MiramarMining.com.