- Equus Mining (EQE) has placed its shares in a trading halt while it plans an upcoming capital raising
- The company will remain in the halt until May 21 or when more details regarding the raise are released, whichever occurs first
- Yesterday, Equus revealed it had intersected up to 269g/t silver and 5.11g/t gold from the Pegaso II target at the Cerro Bayo Project in Chile
- Nearly 1900 metres of drilling was undertaken with a focus on a 500-metre-long portion of the one-kilometre-long target
- Close-spaced drilling has been planned to further test the mineralised trend
- Shares in Equus last traded at 1.1 cents on May 18
Equus Mining (EQE) has placed its shares in a trading halt while it plans an upcoming capital raising.
The company will remain in the halt until May 21 or when more details regarding the raise are released, whichever occurs first.
Equus is yet to disclose much much it intends to raise or what it will use the funds for.
Yesterday, Equus revealed it had intersected up to 269g/t silver and 5.11g/t gold from the Pegaso II target at the Cerro Bayo Project in Chile.
The company recently undertook 1858.65 metres of drilling over a 500-metre-long central portion of the one-kilometre-long Pegaso II target.
Drilling completed to date has confirmed the extensions of high-grade mineralisation in multiple areas along a significant portion of the target.
Close-spaced drilling has been planned to further test the mineralised trend.
Shares in Equus last traded at 1.1 cents on May 18. The company has a $20.01 million market cap.