Stonehenge Metals receives drilling approval in Korea

THE DRILL SERGEANT: Stonehenge Metals (ASX: SHE) has received approval from the East District of Daejon Metropolitan City Council in Korea to create access roads for the purpose of commencing an initial 12 hole diamond drill program at the company’s Daejon project.

In July 2012 the company announced it had secured land access agreements for the project.

 

South Korean project locations. Source: Company announcement

 

Stonehenge said the recent approval from the East District means it can now finalise details for an upcoming drill program.

The company intends conducting the drilling to confirm historical uranium drill results it already has access to by twinning previus drill holes.

It also expects it will be able to upgrade the resource at Daejon to the next category while also establishing a maiden vanadium resource.

“There have been a number of administrative hurdles to overcome in securing this approval,” Stonehenge Metals chairman Richard Henning said in the company’s announcement to the Australian Securities Exchange.

“However, we are pleased that we can now work on the Daejon project with the support of the local Government, and we look forward to accelerating our progress.”