viewMetallum Ltd

Mining Group asks for trading halt


Mining Group (ASX:MNE) has requested a trading halt for its shares, pending a proposed capital raising.

The halt will last until 19 March 2013 pending the release of an announcement.

Recently, the company successfully intercepted down dip gold mineralisation in first pass drilling at the Taub Prospect in the Philippines, an area that has not previously been drilled.

Taub is a newly discovered gold prospect about 7.5 kilometres north of the Tagpura copper deposit.

Mining Group previously identified a high grade gold bearing quartz vein system that continued for 300 metres of strike and is around 200 metres wide.

Trench samples confirmed the high grade potential returning up to 52.45g/t gold and 169.7g/t silver, including 4 metres at 17.75g/t gold and 51.45g/t silver.

Zeff Reeves, managing director, commented of the news: "Drilling at Taub has confirmed the potential for the Taub/Ugpo area to host a near surface gold deposit."


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: Metallum Ltd

Price: 0 0

Market: ASX
Market Cap: £0.00

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Parkway Minerals focuses on technology after recent...

Parkway Minerals NL (ASX:PWN) executive director Bahay Ozcakmak updates Proactive on its recent acquisition of unlisted company Consolidated Potash Corporation, which gives Parkway an advanced stage potash project and ownership of an innovative brine processing technology. The executive...

13 hours, 40 minutes ago

2 min read