Birimian Gold (ASX: BGS) is focused on gold exploration in the highly prospective and resource rich West Africa region, and today the ASX granted the company a trading halt pending a capital raising announcement, with its shares placed in pre-open.
Birimian Gold has not yet indicated where the potential capital injection will be allocated, but the company earlier in the month announced a 12 kilometre long gold trend in Mali - which the company considers could be economic.
Results include the broad 46 metres at 0.48 grams per tonne (g/t) gold from 8 metres, which includes the higher grade zone of 12 metres at 1.00 g/t gold.
Other highlights were; 8 metres at 1.29g/t gold from 16 metres; and 16 metres at 0.56g/t gold from 28 metres.
Birimian Gold is set to move exploration of this major gold anomaly forward quickly, with a follow-up aircore drilling program planned to begin next month.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 2 February.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24669/birimian-gold-to-announce-capital-raising-details-granted-trading-halt-24669.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment