Perth based miner Aphrodite Gold (ASX:AQQ) has requested a trading halt pending a capital raising announcement.
Expected within two days, Aphrodite announced in November it would seek shareholder approval at its Annual General Meeting to place up to a further 50 million Shares and 50 million options.
In December, the company reported infill drill results from the Alpha Lode at the Aphrodite Gold Project.
These will be fed into a revised total resource estimate after drill results are received from the Phi Lode.
All holes drilled at Alpha Lode near Kalgoorlie, Western Australia reported multiple zones of gold mineralisation.
Latest drilling on the Alpha Lode was to a maximum vertical depth of 250 metres with significant gold intersections reported including:
- 20 metres at 3.57g/t gold from 215 metres + 10 metres at 4.09g/t gold from 164 metres
- 47 metres at 2.34g/t gold from 131 metres +23 metres at 1.87g/t gold from 90 metres
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24008/aphrodite-gold-in-trading-halt-24008.html
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