Additional Information
Market: ASX
Sector: General Mining
EPIC: PDM
Latest Price: A$0.02  (0,00%)
52-week High: A$0.04
52-week Low: A$0.01
Market Cap: A$2.68M
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Paradigm Metals Limited is engaged in the mining industry throughout New South Wales and Queensland, focusing on copper-gold, tungsten, uranium and other minerals, including vanadium, molybdenum and oil shale. The Company operations include Frogmore Copper projects, New South Wales; White Rock Tungsten project, Rye Park, New South Wales; Uranium projects, Mt Isa region, and Gold projects. High-grade copper mineralization was intersected in four holes drilled beneath old copper workings at Frogmore. The Company’s inferred mineral resource is subdivided into two separate ore type: Black skarn and Green-brown skarn. In February 2008, a jointly owned company (50% the Company and 50% Exco Resources Ltd (EXCO)), Toolebuc Resources Pty Ltd (TRPL), was formed to acquire the respective company’s permits in the Cloncurry area. The joint tenement package covers an area of approximately 500 square kilometers.
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Paradigm Metals completes drill programme at Rosedale Project

9th Feb 2010, 9:21 am

Sydney-based gold and base metals explorer Paradigm Metals (ASX: PDM) has wrapped up a 3‐hole percussion drill programme at the Rosedale gold project near Bathurst in New South Wales.

The drill rig is now mobilizing to the Kangiara project to commence a 7‐hole programme.

At Rosedale, two holes were drilled to test for gold mineralisation beneath previous shallow gold intercepts. A third hole tested part of a large geophysical anomaly discovered in 2009.

Managing Director Dr Graham Carman said all three of the Rosedale holes intersected minor pyrite mineralisation beneath a 40m thick oxidized cap, and have been systematically sampled. We await completed gold assays expected in about two weeks.

“At Kangiara, drilling will test for extensions of the base metal and gold mineralisation discovered on EL 7273. In addition, four new prospects will be drill tested on the adjacent EL 6274, including Democrat, Secondary, and Southern," Dr Carman said.

"After completion of the current drill programme, we will look forward to delivering our first JORC compliant resource estimate from the Kangiara prospect by the end March 2010.”

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