Carbine Resources (ASX:CRB) is poised to make an announcement in regards to the results of a Scoping Study on the Mount Morgan Gold and Copper Project in Queensland.
Just last week the company upgraded the existing exploration target for copper-gold tailings resources at the project.
The revised target now consists of 32 to 40 million tonnes at 0.67g/ to 0.79g/t gold and 0.11% to 0.19% copper.
The upgrade follows an extensive review of the historical database and represents a 25% increase in contained gold and an 11% increase in contained copper.
CRB has this morning been granted a trading halt to prepare.
The halt will remain in place until the earlier of an announcement being made, or the opening of trade on Wednesday 19th November 2014.
News: Carbine Resources to reveal results of scoping study at Mount Morgan
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