DRAIG COMPLETES GEOPHYSICS WORK ON MONGOLIAN LICENCESDraig...

DRAIG COMPLETES GEOPHYSICS WORK ON MONGOLIAN LICENCES
Draig Resources Limited (ASX: DRG) (“Draig”, or the “Company”) is pleased to advise that it
has completed a geophysical survey on two of its coal licences in the Ovorhangay province
located in central southern Mongolia.
The geophysical field work was undertaken over the Teeg (13879X) and Nariin Teeg
(13581X) licences, located in the Bayanteeg district. The survey will assist with the
identification of the potential black coal extensions over the licences and target areas for
further exploration drilling in 2012.
The survey comprised 32 kilometres of geophysical (Resistivity) survey work. A total of 12
lines of geophysical survey work were carried out on the Teeg licence and 3 lines on Nariin
Teeg licence. The target depth of penetration was approximately 250 metres.
The results of the survey are currently being interpreted by Dash Meg Engineering and
analysed by Nordic Geological Solutions LLC (“NGS”), with Draig advising that it will update
the market once the work has been completed.
Draig Managing Director Mark Earley said: “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.
“Preliminary review of the field data has identified a number of highly potential drilling
targets in both licences.
“I’d like to acknowledge the teams from Dash Mag Engineering and NGS that undertook the
survey field work in very difficult conditions with temperatures averaging below minus 30
degrees Celsius,” said Mr Earley.