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ORINOCO Gold is targeting gold production at its Cascavel gold project in Brazil by the December quarter after announcing a funding package worth up to $A14 million for mine construction.
The financing package consists of three parts – a $1 million share placement; a rights issue worth up to $2.7 million; and a gold sharing arrangement worth up to $US8 million ($A10.25 million).
Brazilian gold hopeful's shares halved as Cascavel grade goes missing
