logo-loader
viewMeteoric Resources NL

Meteoric Resources enters trading halt ahead of capital raising news

Meteoric has started a 4,700-metre, 26-hole drilling program at its Juruena Gold Project in Brazil.

Meteoric Resources NL - Meteoric Resources enters trading halt ahead of capital raising news
Drilling will follow up existing bonanza-grade gold intersections at multiple targets

Meteoric Resources NL (ASX:MEI) has been granted a trading halt by the ASX ahead of a capital raising announcement.

The trading halt will remain in place until the start of trading on Tuesday, August 13, 2019, or when an announcement is made to the market, whichever occurs earliest.

READ: Meteoric Resources to follow-up bonanza gold grades with maiden drill program at Juruena Gold Project

Meteoric has commenced a 4,700-metre, 26-hole drilling program at its Juruena Gold Project in Brazil, initially targeting the Dona Maria prospect.

Juruena’s existing resource estimate is 1.3 million tonnes for 261,000 ounces of gold at 6.3 g/t.

This includes the high-grade Dona Maria and Querosense resources amounting to 436,000 tonnes at 14.7 g/t for 205,000 ounces of gold.

Drilling will follow up existing bonanza-grade gold intersections at multiple targets.

Quick facts: Meteoric Resources NL

Price: 0.019 AUD

ASX:MEI
Market: ASX
Market Cap: $21.33 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

In exchange for publishing services rendered by the Company on behalf of Meteoric Resources NL named herein, including the promotion by the Company of Meteoric Resources NL in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Meteoric Resources excited about 2020 program amid positive...

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on why he believes Meteoric is so well positioned to reap positive gains from its 2020 exploration program. He talks about gold exploration being hot right now, with Australian and Brazilian gold prices at...

on 27/2/20

2 min read