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

Millennium Minerals 28% share spike attracts ASX speeding ticket

Millennium Minerals (ASX: MOY) has caught the market’s attention and received an ASX price and volume query after shares spiked to an intra day high of A$0.023 today, up from a closing price of $0.018 on Friday 2 December 2011.

The company responded to the ASX saying it was not aware of any material information that has not been released to the market, which may explain the sudden investor interest.

However, Millenium is in a very interesting position at its 1.25 million ounce Nullagine gold project with recent gold intersections from the Crow and Condor deposits at the Golden Gate area of the project demonstrating possible extensions to mineralisation.

The latest intersections occur adjacent to, and immediately beneath the current proposed pit designs at Condor and Crow, and indicate potential to enlarge pit designs prior to planned gold production in 2012.