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Korab Resources to upgrade Bobrikovo gold resource

Published: 20:50 04 Oct 2012 EDT

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Korab Resources (ASX: KOR) has been granted a trading halt this morning pending a mineral resource upgrade for the Bobrikovo gold project.

Bobrikovo currently hosts a resource of 20.2 million tonnes at 1.55g/t gold for 1.1 million ounces. The project is located in the Lugansk oblast (province) in eastern Ukraine.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 9th October 2012.

 

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