Anova Metals (ASX:AWV) has been granted an ASX trading halt in relation to a capital raising.
The halt will last until the earlier of the announcement being made or the commencement of trade on Friday, 13th February 2015.
Drilling at its Big Springs project in Nevada had confirmed the high grade nature of mineralisation.
Best intersections included:
- 20.5 metres at 7.6 grams per tonne gold from 7 metres;
- 7.6 metres at 9.5 g/t gold from 53.3 metres;
- 6.1 metres at 11.8 g/t gold from 9.1 metres; and
- 10.7 metres at 8.7 g/t gold from 45.7 metres.
The mine permitting program is proceeding on schedule while metallurgical test work is continuing.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.