Luiri Gold's (ASX: LGM) shares are in pre-open today following the ASX granting the company a trading halt, pending a funding announcement to the market.
The company holds two mining licences in Zambia that cover the historic Dunrobin and Matala gold deposits.
Coffey Mining have estimated the current Multiple Indicator Kriging derived open pit gold resource at the Matala and Dunrobin deposits to be a combined (Measured, Indicated plus Inferred) resource of 10.53 million tonnes at 2.2 g/t gold, for 761,000 ounces of gold (cut-off of 1.0 g/t gold).
The halt will remain in place until the opening of trade on Thursday 19th December 2013, or earlier if an announcement is made to the market.
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