Voyager Resources in pre-open pending capital raising...

Voyager Resources in pre-open pending capital raising announcement
Thursday, March 31, 2011
Voyager Resources (ASX: VOR) has been granted a trading halt by the ASX pending an announcement on a 'significant' capital raising.
The company did not elaborate on where the potential new inflow of funds will be allocated, but Voyager did acquire a highly prospective copper gold project in Mongolia in December last year.
Voyager acquired 100% of the Khongor Copper Gold Porphyry Project, located in the World Class Oyu Tolgoi Copper Belt of the South Gobi Province.
Early diamond core drilling shows extensive zones of mineralisation, with results including:
- 50 metres at 1.0% copper and 0.3 grams per tonne (g/t) gold from 64 metres; and
- 70.3 metres at 0.7% copper and 0.2g/t gold from surface.
Surface trenching identified:
- 18 metres at 1.33% copper and 0.32g/t gold; and
- 18 metres at 1.84% copper and 0.43g/t gold.
Khongor has a mineralised strike length of over one kilometre, identified from geological mapping and sampling, which Voyager said is broadly coincidental with a large induced polarisation chargeability anomaly that extends for over 1,600 metres by 380 metres.
Voyager also recently received two ASX 'speeding tickets' for share price spikes.