Northern Star Resources (ASX: NST) has some potentially very interesting news on the horizon, with the ASX granting the company a trading halt today pending drilling results.
The results are from deep drilling at the Paulsens gold mine in Western Australia, and not to be forgotten Northern Star earlier in the year discovered; 0.8 metres at 12,178g/t gold and 1 metre at 3390g/t gold.
Northern Star is currently in the throes of increasing production at Paulsens from ~80,000ozpa to ~100,000ozpa, with the higher rate expected to kick-in at the end of 2012.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 18th June.
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