PDY 0.00% 0.7¢ padbury mining limited

todays west mining exploration applications, page-8

  1. 1,263 Posts.
    no probs majella, "spak filler applications". Just like filling the cracks on a wall they are finding the gaps in the available ground and filling them in.

    In case you weren't aware, tenement boundaries use a coordinate system to descibe them. Some time ago the coordinate system changed from AGD84 to GDA94 which has effectively caused a shift whereby new tenement boundaries created under the new system will not line up exactly with boundaries created by the old system. This often leaves gaps between tenements. Padbury mining has tried locating those thin gaps and appplying for them if they cover the target areas.

    The Peak Hill goldfields have been very under explored for iron ore, and with results pending from their first drill program, it would make sense to acquire any prospective ground where they can either by application where possible or by acquisition before positive results increase the price.

    There has been a lot of action in this area recently which is encouraging.
 
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