Venture Minerals (ASX: VMS) has some potentially very interesting news on the horizon with the ASX today granting a trading halt pending the release of a material new discovery.
Venture has not yet elaborated any further on where the discovery is located, but the company has recently been developing the Riley and Livingstone direct shipping ore projects, along with progressing the Bankable Feasibility Study at the company’s Mt Lindsay Tin/Tungsten Deposit.
The company recently identified several areas for follow-up reconnaissance drilling at Mt Lindsay.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 3rd August.
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