- Gold and silver explorer E2 Metals (E2M) has entered a trading halt ahead of a capital raise
- The company is currently focused on its projects within the Santa Cruz province of Argentina
- In particular, E2 is embarking on a major exploration program at its Conserrat Project
- This will include follow-up diamond drilling at the Mia prospect, 10,000 metres of drilling at the Patricia and Florencia prospects and ongoing mapping and sampling to refine recent discoveries
- E2 Metals last traded for 87 cents on Friday, November 13
E2 Metals (E2M) has entered a trading halt ahead of a proposed capital raise.
The company will remain in a trading halt until the earlier commencement of trading on Thursday, November 19, unless details of the raise are announced earlier.
E2 Metals is a gold and silver explorer focused on various projects within the Santa Cruz province of Argentina.
In particular, the company is honing in on the Mia-Florencia trend where it has defined gold and silver mineralisation over 2.5 kilometres.
At the end of last month, E2 saw its shares rise a staggering 225 per cent after reporting exceptional gold and silver results from the Mia prospect which is part of E2's Conserrat Project.
Results include 18 metres at 47g/t gold and 208g/t silver from 66 metres, including one metre at 424g/t gold and 1489g/t silver from 68 metres.
While it isn't yet clear how much E2 Metals will raise or what the money will be put towards, the miner has an aggressive drilling program planned for Conserrat.
E2 is conducting follow-up diamond drilling at the Mia prospect, a 10,000-metre reverse circulation drilling program at the Patricia and Florencia prospects and an ongoing mapping and sampling program to refine recent discoveries.
E2 Metals last traded for 87 cents on Friday, November 13.