- Gold and base metals explorer Golden Deeps (GED) has entered a trading halt while it plans a capital raise
- The company will remain in the halt until the earlier of December 10 or when an announcement is made
- Just yesterday, Golden Deeps received very encouraging results from exploration work at the Tuckers Hill and Havilah gold projects in NSW
- Mapping at Tuckers Hill has confirmed the location of gold mineralised quartz reefs, while rock and soil sampling across induced polarisation anomalies will be undertaken at Havilah
- Shares in Golden Deeps have been trading at 1.4 cents since December 2
Golden Deeps (GED) has entered a trading halt while it plans a capital raise.
The gold and base metals explorer will remain in the halt until the earlier of December 10 or when an announcement regarding the capital raise is made.
Just yesterday, Golden Deeps received very encouraging results from exploration work at the Tuckers Hill and Havilah gold projects in NSW.
Tuckers Hill
Geological mapping at Tuckers Hill confirmed the location of gold mineralised quartz reefs and historic workings.
These historic workings cover an area of 1500 metres by 800 metres and returned up to 705g/t gold.
Two types of gold mineralised sulphidic quartz reefs were discovered during the assessment of Tuckers Hill – steeply east or west dipping veins on the side of the hill, and thick flat veins on the top of the hill.
Rock samples have been taken to validate sampling previously undertaken by other companies.
The samples have been submitted to the laboratory for gold and multi element analysis with results to be reported on when available.
Havilah Project
At Havilah, Golden Deeps is planning to undertake rock and soil sampling along the volcanic rocks that contain skarn alteration and induced polarisation anomalies.
Furthermore, stream sediment sampling has identified several copper and zinc anomalies that have not been followed up.
Shares in Golden Deeps have been trading at 1.4 cents since December 2.