TNT Mines Ltd (ASX:TIN) has been granted a trading halt by the ASX ahead of the release of material exploration results.
The halt will remain in place until the start of regular trading on Tuesday, June 22, or until an announcement is released to the market.
Eureka gold anomaly
Earlier this week, TNT’s latest exploration uncovered a large gold anomaly around 1.2 kilometres south of the Eureka Pit in Western Australia.
The company’s recent auger geochemistry program delineated a 1.2-kilometre by 800-metre gold anomaly, while auger results intersected as much as 29.9 g/t gold.
Promisingly, multiple hits exceeded 100 parts per billion gold, oriented within a north-south trending mineralisation envelope.
Following the results, TNT intends to fast-track an aircore campaign to follow up on the auger program.
Size and magnitude “very exciting”
TNT CEO Matthew Boyes said: “The results from the Eureka auger geochemical program are very exciting due to the size and magnitude of the anomaly and a series of coincident factors such as the favourable structural setting, the prospective host and the lack of any significant historical exploration over the area.”