Sierra Mining (ASX: SRM) has been granted a trading halt by the ASX this morning - with its shares placed in pre-open, pending an announcement on exploration results.
Recently Sierra has been exploring at the Mabilo and Bunawan projects in the Philippines.
At Mabilo, Sierra has previously reached an agreement with Galeo Equipment and Mining Co, Inc to earn a 36% interest in the Mabilo and Nalesbitan projects by providing drilling and management services totaling US$4.25m over the next 2 years.
Bunawan comprises two permit applications covering 88 square kilometres in eastern Mindanao, surrounding the high grade Co-O gold mine owned by Medusa Mining (ASX: MML).
The halt will be in place until the opening of trade on Monday 14th October 2013, or earlier if an announcement is made to the market.
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