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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	PDY
Latest Price:	0.01 (0.00%)
52-week High:	0.04
52-week Low:	0.01
Market Cap:	23.99M

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Padbury Mining Full Padbury Mining profile here

Padbury Mining (ASX: PDY) main focus is targeting iron ore and has a JORC Inferred Resource of 850 million tonnes at 27.3% iron at the Telecom Hill Deposit, which is located at the company's Peak Hill Iron Project Joint Venture.

Telecom Hill is located in the Mid-West region of Western Australia which has grown in stature as a significant iron ore province.

Padbury Mining reports further promising results from Peak Hill in WA

Thursday, June 18, 2009

Padbury Mining (ASX: PDY) has received encouraging new assay results from a rock chip sampling program over an untested area at Telecom Hill at 70% owned Peak Hill prospect in the mid-west region of Western Australia.

New assay results for the follow up rock chip sampling demonstrates high iron values >60% Fe and low impurity levels.

The Telecom Hill target is considered to be very favourable to host good quality hematite direct shipping ore (DSO). The recently commenced reverse circulation drilling program has intersected significant intersections of enriched BIF to a down hole depth of 150m (60 degree angle holes) and the company has submitted the first three holes drilled on Telecom Hill for assay.

Further results and news for shareholders are expected within the next 4 to 6 weeks.

The Company has successfully carried out a rock chip sampling exercise over the previously untested Banded Iron Formation (BIF) on the area known as Telecom Hill. Assay results from the rock chip samples over the main target area are outlined below together with Mudderwearie Area and Ravelstone Area.

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