Arrow Minerals in trading halt ahead of Divole West Gold Project drilling results
During this quarter, Arrow intends to generate additional targets for follow-up during 2020
The trading halt will remain in place until the beginning of normal ASX trade on Friday, December 20, 2019, or when an announcement is released to the market, whichever occurs earliest.
Shares in the company which has a market cap of approximately $6.7 million, last traded at 0.8 cents.
Divole West drilling
A 33-hole reverse circulation (RC) drill program has targeted gold anomalies from a 2017-18 field campaign that encountered high-grade gold at the base of oxidised and transported cover of up to 6.1 g/t gold.
The drilling pattern planned was designed to test the interpreted mineralised splay structures off the Poura shear zone
Chief executive officer Howard Golden said in October: “The Arrow team has keenly waited for the skies to clear so we can put the first holes into the high-grade Divole West auger gold anomaly, results of which defined a strike length of more than 2km of in-situ gold anomalism below cover with values up to three, four and even six grams per tonne.
“Apart from our own 2017-18 fieldwork, no historical work has ever been undertaken at Divole West, so we are very excited about the potential to explore this high-priority target."