Montreal-based Consolidated Gold Hawk Resources (ASE) reports that CGH (1990) Mineral Exploration Partnership has raised $243,000 in a recent flow-through financing for which the partnership will receive 578,571 shares of Gold Hawk and an equal number of warrants. Gold Hawk plans to spend $200,000 on drilling at the Tarp Lake gold property near Pickle Lake, Ont. The company can earn a 40% interest in the property from Minnova (TSE) by spending $1.1 million before Dec. 21, 1993. The balance of $43,000 will be used to fund Gold Hawk’s 50% share of an exploration program on the Nelligan Twp. property in northwestern Quebec.
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