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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