Greetings Tau!
"Buying more land, to me sounds like a defeat"
Perhaps we have different views as I am thinking that the "promised land" has already been found. Purchasing more properties in the area and further drilling and defining the potential of the already explored resource is a wise move on behalf of the company.
"The proceeds from the private placement will be used to fund the Company's ongoing exploration and development of its Hercules gold project, including initiating an initial resource estimate and scoping for possible underground exploration of the Golden Mile, and to explore its extensive land holdings in the Beardmore-Geraldton gold camp in western Ontario. "
All the very best to you and yours during this holiday season...
AZUZA (Art)