Polo Resources reports resource statement for Erds coal project in Mongolia

07 October 2009

Polo Resources, the AIM listed mining company with uranium and coal interests in Africa, Australia, Europe and Asia, has announced a maiden JORC compliant resource estimate for the Erds coal project in Mongolia.

The total indicated and inferred resource estimate stands at 807 million ton of thermal coal.

Erds is operated by Polo’s recently established 50:50 joint venture with Peabody Energy Corp, which now holds all of Polo's coal and mineral interests in Mongolia. The joint venture has 54 licenses throughout the South Gobi and elsewhere in Mongolia which are currently being explored for coal.

The Erds Coal Project adjoins a tenement to the west owned by Gulfside Minerals Ltd which recently announced NI 43-101 compliant resources of 1.185 billion tons of thermal coal at the Onjuul coal deposit.

07 October 2009

Polo Resources, the AIM listed mining company with uranium and coal interests in Africa, Australia, Europe and Asia, has announced a maiden JORC compliant resource estimate for the Erds coal project in Mongolia.

The total indicated and inferred resource estimate stands at 807 million ton of thermal coal.

Erds is operated by Polo’s recently established 50:50 joint venture with Peabody Energy Corp, which now holds all of Polo's coal and mineral interests in Mongolia. The joint venture has 54 licenses throughout the South Gobi and elsewhere in Mongolia which are currently being explored for coal.

The Erds Coal Project adjoins a tenement to the west owned by Gulfside Minerals Ltd which recently announced NI 43-101 compliant resources of 1.185 billion tons of thermal coal at the Onjuul coal deposit.