logo-loader

Carbine Resources to reveal results of scoping study at Mount Morgan

Last updated: 02:00 17 Nov 2014 GMT, First published: 01:00 17 Nov 2014 GMT

au_qld_map_350_54693678d7761

Carbine Resources (ASX:CRB) is poised to make an announcement in regards to the results of a Scoping Study on the Mount Morgan Gold and Copper Project in Queensland.

Just last week the company upgraded the existing exploration target for copper-gold tailings resources at the project.

The revised target now consists of 32 to 40 million tonnes at 0.67g/ to 0.79g/t gold and 0.11% to 0.19% copper.

The upgrade follows an extensive review of the historical database and represents a 25% increase in contained gold and an 11% increase in contained copper.

CRB has this morning been granted a trading halt to prepare.

The halt will remain in place until the earlier of an announcement being made, or the opening of trade on Wednesday 19th November 2014.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

1 hour, 3 minutes ago