Carnavale Resources (ASX:CAV) is preparing to reveal capital raising details, with the ASX granting the company a trading halt to prepare.
Earlier has planned a 1200 metre diamond drilling program at the Red Hills Project in Nevada, U.S.
The program comprises an initial three holes beneath the encouraging high grade Au-Ag-Cu-Zn-Pb mineralisation sampled in historic underground stopes at the Cobra Prospect.
There will also be a further two holes beneath the larger underground
workings at the Rattler Prospect.
The halt will last until the opening of trade on Tuesday 16th June 2015, or earlier if an announcement is made to the market.
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