Draig: QUARTERLY REPORT
July 31 -- Coal explorer Draig Resources Ltd (ASX: DRG) ("Draig" or "the Company") is pleased to provide shareholders with its latest Quarterly Report, which outlines the progress made by the Company in the last quarter. Draig is exploring its parcel of eight coal licences across Mongolia's Ovorhangay and South Gobi Provinces.
HIGHLIGHTS
· Maiden JORC reportable coal resource for Teeg licence of 75 million tonnes
· Teeg exploration target of up to a further 25 to 100 million tonnes1
· Evidence for a significant deposit of high grade coal with metallurgical potential
· Initial 6,000 metre Teeg exploration program completed
· Best apparent cumulative seam thicknesses 86.28m, 66.75m, 37.80m & 36.12m
· Exploration planned for South Gobi licences in H2 2012
…
Link to report
Link to cashflow report
HIGHLIGHTS
· Maiden JORC reportable coal resource for Teeg licence of 75 million tonnes
· Teeg exploration target of up to a further 25 to 100 million tonnes1
· Evidence for a significant deposit of high grade coal with metallurgical potential
· Initial 6,000 metre Teeg exploration program completed
· Best apparent cumulative seam thicknesses 86.28m, 66.75m, 37.80m & 36.12m
· Exploration planned for South Gobi licences in H2 2012
…
Link to report
Link to cashflow report
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