Diatreme Resources (ASX:DRX) has been granted an ASX trading halt in relation to results from initial drilling at the Tick Hill Surface Gold Project in Queensland.
Tick Hill was previously one of Australia’s highest grade gold deposits, producing in the 1990s 513,333 ounces of gold at a recovered grade of 22.6 grams per tonne.
In July, the company and partner Superior Resources (ASX:SPQ) started aircore drilling to assess mine tailings and potential alluvial-colluvial gold in areas adjacent to former open-cut pit near Mount Isa.
The halt will last until the earlier of the announcement being made or the start of trade on Monday, 10th August 2015.
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