Mobilises Technical Team
Perth, May 15, 2012 AEST (ABN Newswire) - Padang Resources Limited (
ASX:PXR) is pleased to announce that it has received local government approval required to gain access to the Paser Project permit area and deploy an exploration team.
With the local government approvals in place the Company has instructed the in-country technical team to mobilise a field crew and the geophysical survey provider to complete Stage 1 of the technical due diligence program.
Stage 1 of the technical due diligence program is designed to collate and validate previous exploration data, confirm the vertical and lateral distribution of the coal seams and provide an initial coal resource estimate.
Based on a positive outcome from Stage 1, the Company will plan and implement a drilling program to define a JORC compliant resource.
Next steps
Padang will keep shareholders informed of any material developments regarding the Due Diligence process on the Paser Project.
Contact
Padang Resources Limited
T: +61-8-9429-2908
WWW: www.padangresources.com.au
| ||
|
