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White Cliff Minerals To Reveal Capital Raising

White Cliff Minerals (ASX:WCN) has been granted an ASX trading halt in relation to a capital raising.

A raising could attract strong interest given the highly anticipated drill program at the Aucu Gold Deposit in the Kyrgyz Republic where visible gold discoveries at surface were made.

Recent surface exploration uncovered the gold in the Upper Gold Zone, Lower Gold Zone and Southern Gold Zone and each extend over 3,000 metres in length and contain visible gold at surface.

Notable results to date include 1 metre at 35 grams per tonne gold, 4 metres at 22.3g/t gold and 3 metres at 11g/t gold.

These are located at elevations from 2,500 metres to 3,200 metres, indicating that the Aucu gold system is extensive both along strike and at depth (700+ metres).

While Aucu currently has a Resource of 156,000 ounces of gold though the rock sampling, trenching and drilling to date, the number of ounces looks set to increase based on the recent exploration activity.

The halt will last until the earlier of the announcement being made or the start of trade on Thursday 24th September 2015.

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