(MENAFN - ProactiveInvestors)
() has been granted an ASX trading halt in relation to material results from recent drilling at its Hayes Creek Project in the Northern Territory.
In May the company started drilling at the Mount Bonnie prospect within the project that targeted new mineralised positions and extensions to existing high-grade massive sulphide mineralisation.
This will be followed by a downhole electromagnetic survey to provide additional information for refining future drill programs.
During 2015 the company aims to define sufficient resources at the Hayes Creek project to provide inputs to complete a Scoping Study in mid-April 2016.
This will be used to demonstrate the potential viability of the project.
The halt will last until the earlier of the announcement being made or the start of trade on Thursday 4th June 2015.
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