West Wits Mining Ltd (ASX:WWI) is joining Australia's latest gold rush in the Pilbara region of Western Australia.
The recent discovery of gold nuggets in Hardey Formation conglomerates by the Artemis Resources Ltd (ASX:ARV) / Novo Resources joint venture at Purdy’s Reward has highlighted the potential for sediment hosted Witwatersrand style mineralisation in the area.
West Wits has this morning been granted a trading halt by the ASX, pending details of a proposed acquisition of a tenement application in the Pilbara, along with a subsequent capital raising.
The halt will remain in place until the opening of trade on Wednesday 25th October 2017, or earlier if an announcement is made to the market.