Montezuma Mining Company (ASX: MZM) has been grabbing some market attention of late, and has this morning been granted a trading halt by the ASX pending the release of an announcement on the Butcherbird project, with the company's shares placed in pre-open.
Montezuma Mining has not yet elaborated on what the announcement relates to, but the company has recently been delivering some stunning intercepts from the project.
From the current reverse circulation drilling campaign highlights include 61 metres at 1.96% copper and 228 parts per million cobalt from 113 metres, and 47 metres at 1.81% copper from 113 metres, which includes 6 metres at 6.08% copper and 631 parts per million cobalt.
The market reaction to the copper results is that the stock spiked to $0.80 intra-day earlier in the month, almost three times the sub $0.30 price from October. The company last traded at $0.57 before the halt - which will last until the earlier of the announcement being made to the market, or the opening of trade on Wednesday 30 November.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/22622/montezuma-mining-company-asx-grants-halt-pending-butcherbird-project-announcement-22622.html
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