Completes Resistivity Survey at the Paser Project, East Kalimantan
Sydney, June 4, 2012 AEST (ABN Newswire) - Padang Resources Limited (
ASX:PXR) (PINK:PRRCY) is pleased to announce that it has completed the resistivity survey at the Paser Project, East Kalimantan.
Based on the results of the geological mapping conducted on the Paser Project the field team collected a number of coal samples for quality analysis and completed 20 lines of a resistivity survey covering the 43 ha concession designed to gain a better understanding of the vertical and lateral distribution of the coal seams.
Padang is advised that coal sample analysis and interpretation of the resistivity survey is currently in progress with an initial report expected shortly.
Based on a positive outcome from the resistivity survey and coal quality analysis, the Company may 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
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