Core Exploration (ASX: CXO) is conducting a placement, with the ASX granting the company a trading halt this morning.
Core's shares are currently in pre-open.
Earlier in the month the company moved to full ownership in all of its joint venture tenements at the promising Albarta minerals Project in the Northern Territory.
The acquisition means that Core now holds a 100% interest in over 2000 square kilometres of fully granted tenure.
Albarta hosts multiple occurrences of high-grade copper (+ silver) mineralisation indicating strong prospectivity and quality drill targets, including up to 10% copper and 4,500g/t silver at surface, Blueys Project.
The halt will remain in place until the opening of trade on Friday 21st February 2014, or earlier if an announcement is made to the market.
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