- 3D Resources (DDD) enters a trading halt as the company awaits fresh funds
- Trading of DDD shares will be paused until Wednesday, June 29, or until the company releases further details in regards to the funds it hopes to raise
- Last month, the company reported high-grade assays from the Caledonian deposit within the Adelong goldfield in NSW
- Shares in DDD last traded at 0.3 cents each on June 1
3D Resources (DDD) has entered a trading halt as the company awaits fresh funds.
Trading of DDD shares will be paused until Wednesday, June 29, or until the company releases further details in regards to the funds it hopes to raise.
It is unknown where the money will be directed or how much it is looking to raise.
The company is a minerals explorer, targeting gold, copper, lead, and zinc mineralisation across Australia.
Last month, 3D Resources reported high-grade assay results from its drilling of the Caledonian deposit within the Adelong goldfield in New South Wales.
This drilling intersected four metres at 22.86 g/t gold from 100 metres including two metres at 43.3 g/t gold and two metres at 16.13 g/t gold.
Another area where the funds may be directed is towards its Gibraltar mine in New South Wales with recent drilling indicating the potential for a major deposit.
To date, results have been received for two holes which confirmed the potential for the area to generate additional open-cut resources with multiple veins.
Shares in the company last traded at 0.3 cents each on June 1.