Aurium Receives Drilling Permit for Telecom Hill

15 May 2011 (Last Updated May 15th, 2011 18:30)

Aurium Resources has received drilling approval from the Department of Mines and Petroleum for Telecom Hill, which is part of the Peak Hill Iron joint venture (JV) in Australia. The Peak Hill is a JV formed between Aurium Resources and Padbury Mining to explore the highly prospective R

Aurium Resources has received drilling approval from the Department of Mines and Petroleum for Telecom Hill, which is part of the Peak Hill Iron joint venture (JV) in Australia.

The Peak Hill is a JV formed between Aurium Resources and Padbury Mining to explore the highly prospective Robinson Range area of the Padbury-Bryah Basin in Western Australia for iron ore resources and other commodities.

Aurium is planning to conduct 3,900m of RC drilling at Telecom Hill, covering some 39 holes.

The work will be directed at increasing the existing 850Mt Inferred JORC Resource at 27.3% Fe and to upgrade from the Inferred to Indicated category for some of the mineralisation, assessed previously by CSA Global.