Geopacific Resources to update capital raising for copper project in Cambodia
Geopacific Resources (ASX: GPR) is in pre-open following the ASX granting the company a trading halt, pending an announcement regarding a proposed capital raising in the form of a placement to sophisticated investors. Geopacific is focused on the highly prospective Kou Sa copper project in Cambodia, where the company recently identified gold, copper, molybdenum and associated multi-element anomalism from soil samples following the Phase One geochemical program. … The project was originally discovered in the 1960’s, and in 2011 & 2012 4,000 metres of diamond drilling was undertaken within the 158 square tenement. Only 2,000 metres of this drilling had been previously sampled using non-standard methods. …
