Sovereign Gold Company (ASX: SOC) has recently been activerly drilling the Mt Adrah Hobbs Pipe 1 Gold Project, which is located near the old gold mining centre of Adelong in central western New South Wales.
SOC is now preparing to make an announcement regarding 'significant' Mt Adrah Hobbs Pipe 1 drilling and metallurgical results.
Mt Adrah sits on the same geo-structural system as Newcrest Mining’s (ASX: NCM) Cadia Ridgeway gold mine, which hosts 60 million ounces gold equivalent and Rio Tinto’s (ASX: RIO) Northparkes gold mine that has 8Moz gold equivalent.
The ASX has granted SOC a trading halt, with its shares placed in pre-open.
The halt will be in place until the opening of trade on Monday 30th September, or earlier if an announcement is made to the market.
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