Prairie Downs Metals Limited (ASX:PDZ)
Perth, April 17, 2009 AEST (ABN Newswire) - Prairie Downs Metals Limited (ASX:PDZ) continues to systematically progress the Prairie Downs Project ("the Project") by conducting campaign style exploration aimed at consolidating and developing the Company's database to support the future progression of a bankable feasibility study in relation to the identified resource.
A regional review of the entire Prairie Downs tenement package has identified nine high priority targets for further exploration. These targets comprise potential channel iron ore, gold, uranium, and further main lode style base metal mineralisation.
The Company is in a strong financial position with significant cash reserves and no debt. New investment opportunities designed to deliver long-term growth to shareholders continue to be evaluated.
To read the Quarterly Report for the period ended 31 March 2009 in full please see below;
http://www.abnnewswire.net/media/en/docs/60484-ASX-PDZ-443673.pdf
Contact
Alec Pismiris
Director/Company Secretary
Prairie Downs Metals Limited
Tel: +61-8-9225-5755
www.prairiedownsmetals.com.au
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