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- Accelerate Resources (AX8) has requested two consecutive trading halts ahead of a capital raise
- This comes just one day after announcing an exploration review at the Comet Gold Project
- The review is being undertaken following Musgrave Minerals’ (MGV) high-grade gold discovery at the Starlight prospect
- This month, Accelerate Resources will focus on field mapping, surface sampling programs and reverse circulation drilling
- Company shares last traded at 3.2 cents each on July 2
Accelerate Resources (AX8) has requested two consecutive trading halts ahead of a capital raise.
The WA-based miner expects the trading halts will end on or before the commencement of normal trading on Thursday, July 9, unless an announcement is made earlier.
Accelerate entered a trading halt one day after announcing an exploration review at the Comet Gold Project in Western Australia.
The review is being undertaken following Musgrave Minerals’ (MGV) high-grade gold discovery at the Starlight prospect.
The company hopes to identify and generate gold targets for further exploration activities, including mapping, surface sampling and reverse circulation (RC) drilling.
Comet Gold covers an area of 84.5 square kilometres and comprises on granted exploration licence, E20/908, and one exploration licence application, E21/213. It is located 115 kilometres south-southwest of Meekatharra and 20 kilometres southeast of Cue.
This month, Accelerate Resources will focus on field mapping, surface sampling programs and RC drilling.
Company shares last traded at 3.2 cents each on July 2.
