Padbury Mining Limited Receive Work Approval For Telecom Hill Iron Drilling Program
12.05.2011 | ABN Newswire
16:59 AEST May 12, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - The joint venture partners Padbury Mining Limited1505 (ASX: PDY) and Aurium Resources (ASX: AGU) are pleased to announce that they have received approval from the Department of Mines and Petroleum to conduct 3,900 metres of in-fill drilling at Telecom Hill. A heritage survey was completed last week and upon receipt of approval from the JidiJidi this tenement (E52/1557) will be ready for drilling.
This work will be directed at increasing the existing 850mt Inferred JORC Resource at 27.3% Fe and to upgrade from the Inferred to Indicated category for some of the mineralisation assessed previously by CSA Global.
The proposed drilling program will cover some 39 holes.
As previously advised, in order to ensure that no time is lost, interest from drilling contractors has been sought with a view to commencing drilling as soon possible.
For the complete Padbury Mining announcement including figures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/541536.pdf
About Padbury Mining Limited:
Padbury Mining Limited (ASX: PDY) is a Perth-based Western Australian ASX listed mineral exploration company. Padbury is aiming to create shareholder wealth through strategic exploration of its potentially high grade mineralised tenements held in the Mid West Region with particular focus on iron ore, gold and uranium projects.
Contact:
Gary Stokes
Managing Director
Aurium Resources Limited
Tel: +61-8-6460-0250
Terry Quinn
Managing Director
Padbury Mining Limited
Tel: +61-8-6460-0250