Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Ventnor Resources Asks For Trading Halt, Thaduna Green Dragon Drill Results

Ventnor Resources (ASX: VRX) has been granted a trading halt this morning pending the release of Phase Four drilling results from the Thaduna Green Dragon copper project in Western Australia.

Ventnor recently extended the Phase Four drilling program after last months oversubscribed placement to institutions and sophisticated investors raised around $4 million.

The funds were allocated to drill to a depth of 300 metres - which follows the recent significant assays and intercepts discovered in bornite copper mineralisation.

These highlights from the beginning of August included; 5 metres at 7.00% copper, including 2.7 metres at 11.72% copper and 29.7 g/t silver at a 5% copper cutoff; 9.5 metres at 4.40% copper; and 13 metres at 3.57% copper.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 1st October 2012.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.