Capricorn Metals Ltd (ASX:CMM) has been granted a trading halt by the ASX, pending an update from the company on their Bibra Resource Estimate.
Capricorn recently disvovered a significant new broad zone of near-surface gold mineralisation at the Bibra Gold Deposit, part of its 100%-owned Karlawinda Gold Project in WA’s Pilbara.
The latest assays confirmed extensions to the Bibra deposit, putting Capricorn on track to deliver an upgrade to the JORC resource estimate for Bibra.
The halt will remain in place until the opening of trade on Monday 4th July 2016, or earlier if an announcement is made to the market.
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