Horseshoe Metals (ASX: HOR) is currently very active at the Kumarina Copper Project, which is strategically located in what is rapidly becoming a significant emerging copper region in Australia.
Today the ASX has granted Horseshoe a trading halt, pending the release of drilling results from the project, with the company's shares placed in pre-open.
In December 2011 Horseshoe commenced a second drilling program at the project comprising 25 reverse circulation percussion drill holes for a total of about 2,100 metres, which will test the down dip extension of high grade copper mineralisation intersected from the first drilling program at the Rinaldi Prospect, where the company uncovered a peak intersection of 1 metre at 13.4% copper.
The halt will last until the earlier of the announcement being made available to the market, or the opening of trade on Friday 27 January.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24454/horseshoe-metals-granted-halt-pending-kumarina-copper-project-drilling-results-24454.html
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