South Boulder Mines in pre-open pending exploration results announcement Tuesday, January 04, 2011 South Boulder Mines in pre-open pending exploration results announcement
A trading halt has been granted by the ASX to South Boulder Mines (ASX: STB) pending an announcement by the company in relation to exploration results.
South Boulder has not indicated which project the results are from, but the company has been conducting an extensive ongoing drilling program at the Colluli Potash Project, located in Eritrea.
Results from Colluli to date identify the project has the world's shallowest evaporite potash deposit.
South Boulder received strong support in 2010 from the market, with the shares trading above $3 recently, from a 12 month low around $0.25.
South Boulder shares last traded at $2.98.
STB Price at posting:
$2.87 Sentiment: Buy Disclosure: Held
