Padbury Mining reports further promising results from Peak Hill in WA
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.
Other Australia Market Wrap articles
-
12/03/10 Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24
-
12/03/10 Lithium and rare earths markets poised for growth
-
11/03/10 Tantalum market outlook
-
11/03/10 Silver price bounces back
-
10/03/10 As Confidence Returns, Gold Will Rise - Sprott's John Embry
-
10/03/10 Molybdenum prices to rise on market uncertainty
-
09/03/10 Gold prices moving again
-
09/03/10 Coking coal: back on proverbial fire
-
05/03/10 NuPower Resources, TNG, Bandanna Energy at One2One "Emerging Stars in Resources" Investor Event
-
05/03/10 Austar - HD to boost subscriber growth
Other Australia Market Wrap news
-
10/03/10 New Standard Energy Seeks to open Australian shale gas province
-
10/03/10 Krucible Metals sees further potential for high grade copper at Pilgrim in QLD
-
10/03/10 Groote Resources commences trading under new name
-
10/03/10 Hunnu Coal to acquire additional thermal coal project in Mongolia
-
10/03/10 Rimfire Pacific Mining further defines platinum system at Fifield NSW
-
09/03/10 Crossland Uranium Mines ups ante on NT uranium projects
-
09/03/10 MEG study finds '09 exploration budgets suffered steepest decline
-
08/03/10 AWH Corporation to acquire Turkish uranium project
-
08/03/10 Chinese coal production at low end of target
-
08/03/10 Magnesium prices still erratic









