Draig Resources intercepts 86 metre thick hard coal seam in Mongolia
Draig Resources’ (ASX: DRG) latest drilling on the company’s Teeg licence in Mongolia has returned the thickest coal seam intercepts to date, with apparent thickness of 86.28 metres in one hole.
Phase 1 drilling at Teeg, which is located in the Ovorhangay province, has now been completed.
The 86.28 metre seam was intercepted from a depth of 27 metres. Other thick seams intercepted during the program included one of 66.75 metres and 30 metre thick intercepts in a twin angled core hole.
Samples and cores from the program are at the ALS laboratory in Ulaanbaatar for quality testing, with further tests to be undertaken in Queensland.
Draig has commenced the assimilation of drilling data and plans to begin resource modelling to define a JORC Resource for Teeg.
Planning for the Phase 2 drilling program is underway, with further drilling required to connect the due diligence coal intersection achieved in mid-2011 with the northern extent of the current strike.
If successful, this work could extend the strike length of mineralisation at Teeg to more than 6.5 kilometres.
Phase 2 drilling will also include exploration on the neighbouring Nariin Teeg licence, where geophysics have identified a number of potential coal bearing targets, and at the four South Gobi licences.
Mongolian Office
In a move to strengthen its position in Mongolia, Draig has completed the establishment of an office in the country, and appointed a Mongolia-based general manager.
Terrence Thompson has 25 years of experience in the startup, administration and expansion of domestic and international businesses, including the project management of construction and mining projects.
Phase 1 drilling at Teeg, which is located in the Ovorhangay province, has now been completed.
The 86.28 metre seam was intercepted from a depth of 27 metres. Other thick seams intercepted during the program included one of 66.75 metres and 30 metre thick intercepts in a twin angled core hole.
Samples and cores from the program are at the ALS laboratory in Ulaanbaatar for quality testing, with further tests to be undertaken in Queensland.
Draig has commenced the assimilation of drilling data and plans to begin resource modelling to define a JORC Resource for Teeg.
Planning for the Phase 2 drilling program is underway, with further drilling required to connect the due diligence coal intersection achieved in mid-2011 with the northern extent of the current strike.
If successful, this work could extend the strike length of mineralisation at Teeg to more than 6.5 kilometres.
Phase 2 drilling will also include exploration on the neighbouring Nariin Teeg licence, where geophysics have identified a number of potential coal bearing targets, and at the four South Gobi licences.
Mongolian Office
In a move to strengthen its position in Mongolia, Draig has completed the establishment of an office in the country, and appointed a Mongolia-based general manager.
Terrence Thompson has 25 years of experience in the startup, administration and expansion of domestic and international businesses, including the project management of construction and mining projects.
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