Golden Rim Resources (ASX: GMR) is currently conducting a capital raising to increase on the $500,000 position at the end of June 2013, with the ASX this morning granting the company a trading halt - with its shares placed in pre-open.
The West African gold explorer has a portfolio of projects covering an extensive 5000 square kilometres in prospective Birimian greenstone belts of Burkina Faso, Mali and Ivory Coast.
At the Balogo Project in Burkina Faso, the company has an Inferred Resource of 850,000 tonnes at 6.8g/t gold for 185,000 ounces.
During the June 2013 quarter Golden Rim discovered a new gold anomaly in weathered bedrock with a peak value of 13.5 g/t gold, which is the highest auger result obtained to date by the company in West Africa.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 2nd August 2013.
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