(MENAFN- ProactiveInvestors - Australia) Argentina Mining (ASX: AVK) has been granted a trading halt this morning with its shares placed in pre-open, pending a capital raising announcement.
The company has a portfolio of five prospective gold and base metal projects in San Juan Province of Argentina.
These projects range from the established porphyry copper-gold-molybdenum project at Cerro Blanco, to an epithermal vein gold and copper mineralisation at Amiches, San Francisco and Tres Amigos.
Worth noting the company also has regional exploration projects near Barrick Gold's (NYSE: ABX) major Veladero (Reserves 12 million gold ounces) and Pascua-Lama (Reserves 17.8 million gold ounces) gold operations.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 20th March 2013. Â
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