Azumah Resources Limited (ASX:AZM) has entered an ASX trading halt pending the release of an update regarding material exploration results from drilling at the Wa Gold Project in Ghana.
The halt will remain in place until the earlier of the market update or the commencement of trading on Wednesday, 9 May 2018.
Azumah’s range of deposits within the Wa Gold Project have a combined gold resource of about 2.1 million ounces.
The company is clearly focused on achieving its objective of delivering a one-million-ounce ore reserve for the Wa Gold Project.
A 22-hole reverse circulation drilling program was recently completed at the Kunche deposit within the Wa Project under the management of farm-in partner, Ibaera Capital.
Ibaera plans to spend $6 million at the project this year as part of its overall $17 million possible spend over two years.