Padbury Mining Limited (ASX:PDY) Commences Iron Ore Drilling at Telecom Hill
Perth, Australia (ABN Newswire) - Padbury Mining Limited (ASX:PDY) and joint venture partner Aurium Resources Limited (ASX:AGU) are pleased to announce that drilling commenced at Telecom Hill last Wednesday. This drilling program is the first aimed at the JV's DSO exploration target of 10-55Mt at 55-58% Fe'.
The first hole was collared on a tight, steep pad on the west side of the Telecom Hill East prospect and went to 216 metres. Logging & sampling was completed for all metres drilled.
The rig vehicles are 8WD that enable access into the difficult terrain and we expect good metre advances over the coming weeks.
The JV Partners will provide a further update next week, including maps of the drilling program when our geologist returns from site.
About Padbury Mining Limited:
Padbury Mining Limited (ASX:PDY) is a Perth-based, ASX-listed mineral exploration company focused on the development of its significant iron ore assets in Western Australia's Mid West region.
The company's flagship Peak Hill Iron Joint Venture is a highly prospective magnetite and hematite iron ore project located at Robison Range, about 450km north east of Geraldton.
The Company has a solid program of work planned to develop the Peak Hill project over the next three years, with production targeted for 2015-2016.
Source:
Padbury Mining Limited
Contact:
Padbury Mining Limited
Tel: +61-8-6460-0250
http://www.padburymining.com.au