Rubianna Resources (ASX:RRE) is heading to market with a capital raising and has been granted an ASX trading halt, with its shares placed in pre-open.
The halt will remain in place until the opening of trade on Tuesday 10th June 2014, or earlier if an announcement is made to the market.
Recent deep, broad spaced extensional drilling had intersected gold at its Ruby Anna East prospect northeast of Meekatharra, Western Australia with best results including:
- 9m at 2.87 grams per tonne gold from 126 metres in RWRC0161; and
- 2m at 9.95 g/t Au from 14 metres, including 1m at 17.76 g/t Au from 141metres) in RWRC0196.
This confirmed the interpretation of a down plunge, quartz vein hosted, mineralised trend.
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