Padbury Mining Limited (ASX:PDY) Signed Drilling Contract with Aurium Resources Limited (ASX:AGU)

Perth, Sep 22, 2011 AEST (ABN Newswire) - Padbury Mining Limited (ASX:PDY) and joint venture partner Aurium Resources Limited (ASX:AGU) are pleased to announce the execution of a drilling contract with Arrinooka Drilling for 12,500 metres of reverse circulation drilling at Telecom Hill.

Mobilisation will start over this weekend with drilling expected to commence next Tuesday.

"We are very enthusiastic about this program as we will be attempting to establish a Direct Shipping Ore (DSO) source at the Peak Hill project," Padbury Managing Director Gary Stokes said.

This drilling program is the first aimed at the JV's DSO exploration target of 10-55Mt at 55-58% Fe'.

The JV Partners will provide fortnightly updates on progress once the drilling has commenced.

Contact

Padbury Mining Limited Tel: +61-8-6460-0250 http://www.padburymining.com.au