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Korab Resources to update non-core asset sale

Published: 13:30 29 May 2013 AEST

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Korab Resources (ASX: KOR) is preparing an announcement on the non-core Winchester magnesite project sale, with the company granted a trading halt by the ASX.

Korab's main focus is the Bobrikovo gold and silver project in Ukraine, which has a JORC Resource of 2.38 million ounces of gold.

Bobrikovo has an Exploration Target of between 7 and 13.9 million ounces based on 55 million tonnes to 91 million tonnes of rock at 4.8g/t to 5.8g/t gold

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 31st May 2013.

 

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