Central Timmins Exploration Corp. is pleased to announce the results of a four-diamond drill hole program to confirm the geology of the 1939 Dictore Porcupine Gold Mines Ltd. historical diamond drill hole #5 in Deloro Township. Gold assays ranged from 0.10g/t to 3.94g/t over narrow widths. The best assay in CTEC's DDH #1 was from a pyritic zone, which assayed 3.94g/t Au over 0.5m from 222.8m to 223.3m down the hole [...]
Central Timmins Exploration Corp. is pleased to announce that it closed a non-brokered flow-through private placement today. CTEC issued 5,000,000 "flow-through" common shares under the Financing at an issue price of $0.20 per FT Share, for aggregate gross proceeds of $1,000,000. The Financing was structured as a charity donation arrangement pursuant to which Goldcorp Inc. ("Goldcorp") acquired 5,000,000 common shares of [...]
Central Timmins Exploration Corp. is pleased to announce that, further to its successfully completed initial public offering of 15,000,000 common shares of the Corporation at a price of $0.10 per Common Share, the agent has fully exercised its over-allotment option and has sold an additional 2,250,000 Common Shares at the Offering Price, for additional gross proceeds to CTEC of $225,000.
Central Timmins Exploration Corp. is pleased to announce that it has engaged a drilling contractor in preparation for the Company's initial 5,000-meter diamond drill program and provides an outline of its near-term exploration plan on its Timmins Project in Ontario. CTEC owns a 100% interest in 89 patented claims and 433 staked claims in the main Timmins camp. This land was assembled over the past 15 years prior to CTEC [...]
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