Windward Resources (ASX:WIN) has been granted an ASX trading halt in relation to a capital raising.
The halt will last until the earlier of the announcement being made or the start of trade on Monday, 23rd March 2015.
Earlier this month, it identified a highly conductive 1,600 metre by 600 metre body at the Western Margin prospect just 4 kilometres southeast of Sirius Resources’ (ASX:SIR) Nova-Bollinger deposit in Western Australia's Fraser Range.
This is the strongest conductor identified by the company to date with many similarities to the original EM conductor that led to the Nova discovery.
A Program of Works has been approved by the Department of Mines and Petroleum to drill test the target and clearing of drill sites is underway.
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