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Central Timmins continues hunt for Dome/Hollinger extensions

May 6, 2020

Central Timmins Exploration Corp. announces that it has received final TSX Venture Exchange approval for the non-brokered private placement that closed on April 15, 2020.

The Offering consisted of the sale of 10,000,000 common shares of the Company (the "Shares") at a price of $0.05 per Share for aggregate gross proceeds of $500,000. All securities issued pursuant to the Offering are subject to a four month and one day hold period under applicable securities laws, expiring on August 16, 2020.

The company, led by well-known mining man Charles Gryba, has a land package in Timmins that straddles the historic Hollinger and Dome mines. 

In addition, in late 2019, the company announced a potential Kimberlite Pipe identified in Bonar Township near Chapleau 160km west of Timmins. "This was a pleasant surprise as CTEC was evaluating 2 Mag anomalies located about 1 km apart for Cu Zn. Based on a follow-up, detailed helicopter Mag survey both Mag anomalies model as steeply dipping pipes," said the company in a news release.

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