Ashburton Minerals in trading halt pending drill results from Obi Gold Project 1:54 am
Ashburton Minerals (ASX: ATN) has requested a trading halt pending release of drilling results from the Obi Gold Project in Indonesia.
The trading halt is to last until the earlier of the company releasing an announcement or the commencement of trade on Monday, 12 September 2011.
Six drill holes were completed at Obi for a total advance of 1,433 metres.
The first batch of 502 samples from these six holes were dispatched from Obi to Jakarta.
The samples were airfreighted to ALS laboratories in Perth. Included in this batch were 94 surface geochemical samples (stream sediments, rock chips and magnetic lag samples) collected from the southern extensions of the artisanal gold workings.
In August, a second diamond drilling rig arrived on site at the Obi Gold Project to accelerate progress of the current drilling programme.
ATN Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
