The latest news is very promising and the sign is a ver stong indication that MKR is going to be placing the majority of their efrorts in this project area.

The company already had a good treasury position with 3 million so that latest financing was most likely a buy in by financiers looking for to invest in the project region and MKR was the last remaining property holder of the signficant three (LSG, WTM and MKR) holding ground in and around the main exploration trend.

All of this money will definately go into the Carscallen Gold Property as all of the other projects in the timmins camp are base metal oriented.

There is also a strong opportunity for MKR that some of the latest financing may go towards option agreements for some private project developments adjacent to the project as the majority of the high potential areas for expansion of the current tonalite hosted gold zones are trending towards volcanic rock setting held by smaller companies.

This latest drilling program by MKR is directly situtated in and around a fabulous historical gold occurence and any hits in this region will spark pandamonium no doubt.