- Aurumin (AUN) enters a mid-week trading halt pending an announcement regarding a capital raising and acquisition
- The company will remain in the halt until December 10 or when more details are released, whichever occurs first
- On November 26, Aurumin completed a reverse circulation drilling program at its Mt Dimer Project in Western Australia
- All up, 30 holes and two re-entries of holes were drilled to target four different prospects and deposits
- Shares in Aurumin last traded at 20 cents on December 6
Aurumin (AUN) has entered a mid-week trading halt pending an announcement regarding a capital raising and acquisition.
The company will remain in the halt until December 10 or when more details are released, whichever occurs first.
Aurumin is yet to disclose how much it intends to raise or who or what it will be acquiring.
On November 26, Aurumin completed a reverse drilling (RC) program at its Mt Dimer Project in Western Australia.
All up, 30 RC holes and two re-entries of existing holes were drilled to target four different prospects and deposits.
Drilling assessed the existing Lightning, LO3 and Frodo deposits and followed up on encouraging results from the newly discovered T12 structure.
The T12 structure was discovered during Aurumin’s sub-audio magnetic survey target drilling program.
All samples from this RC drilling program have been sent to the laboratory for analysis, with results expected to be received before the end of the year.
Shares in Aurumin last traded at 20 cents on December 6. The company has a $17.34 million market cap.