Draig progresses with Mongolian assets

MONGOLIA-focused explorer Draig Resources battled through freezing temperatures to complete a geophysical survey on two of its prospective coal licences in the Ovorhangay province.
Draig progresses with Mongolian assets Draig progresses with Mongolian assets Draig progresses with Mongolian assets Draig progresses with Mongolian assets Draig progresses with Mongolian assets

Courtesy of Draig Resources.

Lauren Barrett

The field work, undertaken at the Teeg and Nariin Teeg tenements in the Bayanteeg district in central southern Mongolia, will assist with the identification of potential black coal extensions over the licenses.

The field work was undertaken in temperatures averaging below minus 30C.

Twelve lines of geophysical work was carried out at the Teeg licence and three lines on the Narrin Teeg licence, targeting depths of 250m.

Draig said the results of the survey were being interpreted by Dash Meg Engineering and analysed by Nordic Geological Solutions.

Draig managing director Mark Earley said he anticipated positive results from the survey.

“The survey was carried out referencing existing drill holes completed during the due diligence process prior to acquiring the licences to allow for better correlation of the coal seams,” Earley said.

“Preliminary review of the field data has identified a number of highly potential drilling targets in both licences.”

Draig is in the process of planning its drill program through the Mongolian winter over its eight coal licences in the Ovorhangay and South Gobi provinces.

The company recently raised $A17 million from a capital raising to help fund its ongoing exploration work at its tenements in Mongolia.

Draig, formerly known as C@, has eight Mongolian coal licences in Mongolia’s Ovorhangay and South Gobi provinces covering approximately 625sq.km.

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