Sign up Australia
Proactive Investors - Run By Investors For Investors

Draig Resources in pre open pending Mongolian coal exploration results

Draig Resources in pre open pending Mongolian coal exploration results

Draig Resources (ASX: DRG) has been granted a trading halt by the ASX to allow the company time to finalise an announcement regarding drilling exploration results from the Teeg licence in Mongolia.

The company has been working towards defining a JORC Resource in the June quarter, focussed on a number of Jurassic coal bearing drill targets within the Teeg and Nariin Teeg coal licences in Mongolia’s Ovorhangay province.

Targets identified at Teeg and Nariin Teeg are relatively shallow and, at Teeg, could potentially include two laterally continuous synclinal features.

Shares in Draig will remain in pre open until the earlier of the release of an announcement to the market or the commencement of normal trading on Thursday April 12.

Register here to be notified of future DRG Company articles
View full DRG profile

Draig Resources Timeline

December 23 2015

Related Articles

October 27 2015
Tim Coughlin describes it as a "necessary and logical" step
picture of man smelting
October 11 2016
Metal Tiger owns 30% of the prospect in the Kalahari copper belt, with joint venture partner and operator MOD Resources holding the remaining 70%.
September 15 2016
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals

© Proactive Investors 2016

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.