Playfair Arranges $1,080,000 in Financing

- January 17th, 2011

Playfair Mining (CVE:PLY) announced that it has secured new financing.

Playfair Mining (TSXV:PLY) announced that it has secured new financing.

The press release is quoted as saying:

In addition to the Seal Lake copper-silver project, Playfair Mining owns four high grade Tungsten deposits and remains well positioned to take advantage of the potential upcoming global Tungsten shortage. Playfair’s four tungsten deposits have all had significant work completed on them. Two of the deposits (Risby and Grey River) have NI 43-101 compliant resource estimates while the other two deposits (Lened and Clea) have historical noncompliant NI43-101 resource calculations. With substantial past work done on these four tungsten assets, Playfair views the properties as providing outstanding leverage to the price of tungsten with no current exploration expenditures required.

To access the full release, click here.

Leave a Reply