Canada’s Odyssey Resources has reported it will use the net proceeds from a recent private placement financing to advance exploration and development of its projects in Turkey. The placement grossed $1.98 million in proceeds, according to a press release.
Odyssey Resources is focused on the exploration and development of base and precious metal resources across the Mediterranean region. The company reported in October that diamond drilling at its Altintepe Gold Project in Turkey uncovered an oxidized gold zone at Karakis ridge. Initial Karakis Zone drilling returned 2.2 grams of gold per metric ton (g/t). — (menareport.com)
© 2003 Mena Report (www.menareport.com)
