Montezuma Mining Company (ASX: MZM) is currently in pre-open after a trading halt request was granted by the ASX, pending the release of an announcement relating to the Butcherbird project.
Montezuma Mining has not yet indicated what the announcement specifically refers to at the project, but exploration has been ongoing.
Earlier in the month the company launched a 5000 metre reverse circulation drilling campaign to test targets along 6 kilometres of strike at the Butcherbird shear zone, which was identified from IP, aeromagnetic and EM surveys.
A recent Scoping Study also points to robust economics at the project.
The halt will remain until the earlier of the announcement being made to the market, or the commencement of trade on Tuesday 1 November.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/21306/montezuma-mining-company-in-pre-open-pending-butcherbird-project-announcement-21306.html
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