|
TORONTO, ONTARIO--(Marketwired - Sept. 7, 2016) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to announce its intention to raise $3 Million dollars through the capital markets to finance continued exploration of its promising Richardson Lake Gold discovery. The Company believes that market conditions and recent financing activity indicate a strong market for precious metals exploration is emerging after an 8 year downturn, starting in 2008 and marking one of the longest resources down cycles. The Richardson Lake Gold project merits a strong second phase drill program, of 10-12 holes, to begin delineating the very good results discovered through limited drilling during the market lows. |
