Draig Resources in pre open pending Mongolian coal exploration results

Draig Resources (ASX: DRG) has been granted a trading halt by the ASX to allow the company time to finalise an announcement regarding drilling exploration results from the Teeg licence in Mongolia.

The company has been working towards defining a JORC Resource in the June quarter, focussed on a number of Jurassic coal bearing drill targets within the Teeg and Nariin Teeg coal licences in Mongolia’s Ovorhangay province.

Targets identified at Teeg and Nariin Teeg are relatively shallow and, at Teeg, could potentially include two laterally continuous synclinal features.

Shares in Draig will remain in pre open until the earlier of the release of an announcement to the market or the commencement of normal trading on Thursday April 12.