- South American mining company Los Cerros (LCL) has entered a trading halt pending the release of a capital raising announcement
- The company will remain in the halt until July 15 or when the announcement is made, whichever occurs first
- Yesterday, the company announced it is set to begin a 2500-metre drilling program at its Quinchia Gold Project in Columbia in late July
- This program will test two previously identified targets that intersected up to 1.9g/t gold as well as a newly defined gold-molybdenum soil anomaly
- Shares in Los Cerros last traded for 5.1 cents each on July 8
South American mining company Los Cerros (LCL) has entered a trading halt pending the release of a capital raising announcement.
The company will remain in the halt until July 15 or when the announcement is made, whichever occurs first.
Yesterday, the company announced that it is set to begin a 2500-metre drilling program at its Quinchia Gold Project in Columbia in late July.
The program will begin at the Tesorito porphyry and then move to the Chuscal and Miraflores prospects.
Drilling will test two previously identified targets that intersected up to 1.9g/t gold as well as a newly defined gold-molybdenum soil anomaly.
Los Cerros last entered a trading halt in February ahead of a $2.1 million placement.
The company received binding commitments a few days later and stated it will use the money to advance the Quinchia Project.
Shares in Los Cerros last traded for 5.1 cents each on July 8.