The fundraising was the biggest for an Africa-focused gold exploration firm this year.

Colombia, Ecuador, and Peru offer miners a blend of established mining jurisdictions and areas of potentially highly-prospective and unexplored terrain

The International Seabed Authority (ISA), a United Nations body, is drawing up regulations governing seabed mining in the high seas.

Proceeds will be used to fund the company's first drill program at the Fortuna gold project in Ecuador.

The Nova Scotia resource estimate holds 78,000 oz. of pit-constrained gold and another 84,700 oz. of underground material.

The latest assay results have confirmed the continuity of the A zone to the southwest by 160 metres since the previous exploration update.

DeLamar is host to a historic mine that produced a total of 1.6 million oz. gold and 100 million oz. silver.

The new drill results include 71 intercepts in 27 underground drill holes and 13 wedges.