Oakdale Resources in trading halt ahead of capital raising and drilling news

Oakdale Resources Ltd (ASX:OAR) is in trading halt ahead of capital raising news and a drilling update at a project in Nevada, USA. The trading halt will remain in place until Thursday September 10 or when an announcement is made to market, whichever occurs first. Diamond drilling program underway On September 4 the company started site preparation work  for a fully-funded diamond drill program at Lambarson Canyon Gold Project in Nevada, with drilling of high-grade gold targets set to start next week. Oakdale is targeting Carlin-style and epithermal-style million-plus ounce gold deposits in northern and southern Nevada, described as the ‘elephant’ country for world-class gold deposits.