Tuesday, July 8, 2008

Polo Resources starts drilling on Hud Coal project in Mongolia

MUMBAI, Jul 08, 2008 (Thomson Financial via COMTEX) -- POLJF | Quote | Chart | News | PowerRating -- AIM-listed Polo Resources Ltd. said it has begun drilling at the Hud Coal project in the South Gobi Coal Basin in Mongolia, with completion expected in two months.

"Given the flat topography of this region of the Gobi this location of coal is considered to be significant..." the company said, adding that recent exploration on the project has identified several coal seams.

"Over the next few months drilling will determine coal widths but initial coal strike lengths would indicate excellent potential," said deputy chairman Neil Herbert.


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