Monax Mining Ltd (ASX:MOX) has been granted a trading halt by the ASX this morning, pending its maiden drilling results from the Western Queen Gold Project in Western Australia.
Drilling covered five diamond holes at the Western Queen South mine testing the main zone below the existing pit.
A resource estimation is expected to be available for release by mid-February 2018.
Monax is earning a 60% interest in the Western Queen project by expenditure of $2 million over three years.