ann: positive drilling results

Due for a leg up IMO..

Paladin Energy Announces Positive Drilling Results From Michelin Project

07/05/2014 11:06AM

Paladin Energy announced the completion of the winter infill drilling program at the Michelin deposit in Labrador, Canada confirming both the robust nature and high grade of this deposit. During the program, 13 drill holes for 3,871m were completed from seven drill platforms at Michelin. The drill program was planned to increase mineral resource confidence in a number of under drilled areas as well as target potential small increases in mineral resource size by better defining the geological model. The drilling was successful in further defining the extensive mineralisation at the Michelin deposit with all 13 holes intersecting mineralisation, six returning significant intersections and infilling a number of key data voids within the Mineral Resource estimate. The results will be incorporated into an upcoming Mineral Resource estimate update. Positive Drilling Results, Michelin Project, Labrador (Requires Adobe Acrobat Reader)