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Silver Lake Resources granted halt pending capital raising announcement

Silver Lake Resources (ASX: SLR) has been granted a trading halt by the ASX pending the release of a proposed capital raising, with the company's shares placed in pre-open.

Silver Lake is currently well and truly on investors radars, with the stock trading around 50% higher during 2011 - and is the eleventh best performing stock in the All Ordinaries this year.

Investor interest in Silver Lake is due to the company delivering a string of bumper results recently, and just last week confirmed grades of up to 45% copper, 5.5 grams per tonne (g/t) of gold and 256g/t silver at the Hollandaire project, which lies within the Eelya complex, part of bigger Murchison project.

Importantly, these assay results confirm Hollandaire as a high grade copper deposit that also contains gold and silver. The mineralisation remains open in all directions and at depth.

The halt will last until the earlier of announcement being made to the market, or the opening of trade on Wednesday 16 November.