Ausmex Mining Group Ltd (ASX:AMG) has been granted a trading halt by the ASX ahead of a capital raising announcement.
The trading halt will be in place until the beginning of normal trade on Wednesday, October 30, or when an announcement is made to market, whichever occurs earliest.
Ausmex, which has a market cap of around $52.89 million, last traded at 11 cents, up from 9.3 cents on October 22.
Golden Mile drilling results
Earlier this month the company revealed the results of a review and interpretation of the diamond drill core at the Little Duke Project by independent expert Emeritus professor Ken Collerson.
Units of tuffisite which cross-cut Soldiers Cap Group lithologies have been identified in cores from Little Duke.
These tuffisite breccias are similar in appearance to tuffisites pipes described previously from the Evening Star and Mt Freda prospects.
They played an important rolRead More – Source
