Thursday, November 05, 2009
South Boulder Mines in trading halt, pending release of "material" drilling results
South Boulder Mines (ASX: STB) has lifted expectations a notch with a request for an immediated trading halt, pending an announcement relating to drilling results - that are considered material to the company.
The trading halt is requested on the earlier of commencement on Monday or when the anticipated announcement is released to the market.
Drilling at the company's newly discovered Terminator Gold Prospect recently commenced, with the first assays now due early November to follow up on a previous intercept from hole TBAC111 of 37m @ 2.18g/t Au from 1m.
The Prospect is located approximately 1.4km south of the Bulge C2 Nickel Prospect.
In addition, the Duketon Nickel JV provide excellent encouragement with the discovery of the Rosie PGE/Nickel Sulphide Prospect. Best results included 1.40% Ni, 0.99% Cu, 3.09g/t Pt, 5.14g/t Pd, 3.51g/t Au. RC and diamond drilling to commence in early November at both Bulge C2 and Rosie Prospects
http://www.proactiveinvestors.com.au/companies/news/3138/south-boulder-mines-in-trading-halt-pending-release-of-material-drilling-results-3138.html?STB
article
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)