Liontown Resources in trading halt pending capital raising
Liontown Resources (ASX:LTR) has requested a trading halt pending a capital raising as well as an update on its Tanzanian exploration program.
In early August, Liontown commenced a 4,000 metre drill program at the Jubilee Reef Gold project joint venture in Tanzania.
That drilling was designed to follow up an intersection of 19 metres at 3.6g/t gold from just 26 metres depth returned from previous drilling.
Liontown has the right to earn up to 75% equity in the Jubilee Reef Joint Venture Project, located in the Lake Victoria Goldfield.
Signifying the prospectivity in Tanzania for gold, African Barrick Gold, a subsidiary of Barrick Gold (NYSE: ABX), operates the Tulawaka Gold Mine, a combined underground and open pit gold mine located in the Biharamulo district.
The other three mines owned by Barrick are: Bulyanhulu, Buzwagi and the North Mara Gold Mine. In the financial year 2009, the four operations produced a combined amount of 716,000 attributable ounces of gold.
- Bauxite Resources公司收到大量持股通知
- ASF Group的联营公司将Dawson West热煤项目的资源储量提升至6.45亿公吨
- White Cliff Minerals公司于Aucu项目发现新的矿化带
- Bauxite Resources公司非执行董事卸任
- South Boulder Mines公司董事长购买市售股份
- Carbon Energy公司筹资500万澳元以推进天然气项目
- South Boulder Mines公司降低Colluli钾肥项目的运营开支和资本开支