- Golden Mile Resources (G88) has entered a trading halt pending an upcoming capital raise
- The company will remain in the halt until September 1 or when the announcement is made, whichever occurs first
- On August 25, Golden Mile received assay results from a soil sampling program at its Darlot Gold Project in Western Australia
- This program was completed over the Central Target area and up to 232 parts per billion gold were returned
- Shares in Golden Mile last traded for six cents each on August 26
Golden Mile Resources (G88) has entered a trading halt pending an upcoming capital raise.
The company will remain in the halt until September 1 or when the announcement is made, whichever occurs first.
On August 25, Golden Mile received assay results from a soil sampling program at its Darlot Gold Project in Western Australia.
This program was completed over the Central Target area where historic workings and mineralised quartz veins have been identified.
Around 430 soil samples were taken and multiple gold-in-soil anomalies were identified, returning results up to 232 parts per billion gold.
Anomalous areas were also identified, spanning lengths of more than 400 metres.
Golden Mile last entered a trading halt in April regarding a $350,000 placement. This was raised via the issue of 17.5 million shares at two cents each.
The company stated it would use the money to progress exploration of its gold projects in the North Eastern Goldfields of Western Australia.
Shares in Golden Mile last traded for six cents each on August 26.