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Korab Resources

Korab Resources to update non-core asset sale

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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.

 

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.

Quick facts: Korab Resources

Price: $0.02

Market: ASX
Market Cap: $6.66 m
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