Drilling commenced at Atoz project
Monday, July 1 2013 - 01:15 PM WIB
ASX-listed Perpetual Resources Limited announced on Monday that diamond drilling has commenced at its PT Atoz project located in Sumatra.
Phase 1 of the program is designed to check the near surface and down dip extent of the two coal seams exposed on surface on four drills profiles.
It said that once coal seam continuity was established extension drilling will be incorporated into a Phase 2 drill program.
Atoz Coal Project is located 60 kilometers south of Padang in the central west of West Sumatra.
The Project covers 192.08 hectares and has an approved production license (Production IUP).
Quality of the anthracitic coal is approximately 7,400kcal/kg based on two assays.
Editing by Adianto P. Simamora