Perpetual to commence drilling at Atoz Coal
Tuesday, March 5 2013 - 07:12 AM WIB
ASX-listed Perpetual Resources Limited has had a field team visit the Atoz Coal IUP during the past two weeks in order to mark the proposed collars for an upcoming drill program, the company said in the statement.
A contractor has been located and rig mobilization to commence by the end of the month.
It said that initial program included 12 possible holes.
Data from completed drillholes will be used in JORC Code compliant resources estimation procedures.
During the drilling program a detailed mapping program of the proposed pit areas will also be undertaken and will include a detailed topographic survey.
Atoz Coal Project is located 60 kilometres south of Padang in the central west of West Sumatra. The Project covers 192.08 hectares and has an approved production license (Production IUP).
Editing by Adianto P. Simamora