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Market:	ASX
Sector:	General Mining
EPIC:	PDM
Latest Price:	0.02 (0.00%)
52-week High:	0.04
52-week Low:	0.01
Market Cap:	2.68M

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Paradigm Metals

Paradigm Metals (ASX: PDM) is a gold and copper exploration company seeking rapid growth through a major discovery in NSW and Queensland.

Paradigm Metals completes drill programme at Rosedale Project

Tuesday, February 09, 2010

Sydney-based gold and base metals explorer Paradigm Metals (ASX: PDM) has wrapped up a 3‐hole percussion drill programme at the Rosedale gold project near Bathurst in New South Wales.

The drill rig is now mobilizing to the Kangiara project to commence a 7‐hole programme.

At Rosedale, two holes were drilled to test for gold mineralisation beneath previous shallow gold intercepts. A third hole tested part of a large geophysical anomaly discovered in 2009.

Managing Director Dr Graham Carman said all three of the Rosedale holes intersected minor pyrite mineralisation beneath a 40m thick oxidized cap, and have been systematically sampled. We await completed gold assays expected in about two weeks.

“At Kangiara, drilling will test for extensions of the base metal and gold mineralisation discovered on EL 7273. In addition, four new prospects will be drill tested on the adjacent EL 6274, including Democrat, Secondary, and Southern," Dr Carman said.

"After completion of the current drill programme, we will look forward to delivering our first JORC compliant resource estimate from the Kangiara prospect by the end March 2010.”

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