Krucible Metals (ASX:KRB) is preparing a discovery announcement...

Krucible Metals (ASX:KRB) is preparing a discovery announcement following recent exploration and current drilling on its Tobermorey EL28170 tenement in the Northern Territory.

The ASX has granted the company a trading halt to organise, with its shares placed in pre-open.

Krucible recently said that new exploration to the west of Tobermorey by a number of exploration companies has identified further new copper occurrences.

Tobermorey is prospective for copper/gold mineralisation similar to IOCG style deposits such Tropicana and Olympic Dam, related to magnetic and or major structural features.

The halt will remain in place until the opening of trade on Monday 27th October 2014, or earlier if an announcement is made to the market.