Monday, August 18, 2008

Polo Resources finds coal at Hud site, Mongolia

Aug 18 (Reuters) - Natural resources investment and mining company Polo Resources Ltd (3PO.L: Quote, Profile, Research, Stock Buzz) on Monday said it intersected coal seams from the initial four diamond drill holes completed on its Hud Coal Project in South Gobi in Mongolia.

The two-month drill programme is ongoing and a total of 15, 200-metre deep drill holes are planned in five sections, each 400 metres apart, the company said.

The Hud project is one of 11 coal occurrences that Polo Resources has acquired in the South Gobi coal basin, with the combined licence area covering a total of 6,834 square kilometres in the region, it said.

No comments: