IRL 0.00% 0.0¢ india resources limited

TSX-V: PEB NEW WESTMINSTER, BC and NEW DELHI, India, June 27,...

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    TSX-V: PEB

    NEW WESTMINSTER, BC and NEW DELHI, India, June 27, 2011 /CNW/ - Pebble Creek Mining Ltd. ("Pebble Creek" or "the Company") intends to engage India Resources Ltd. ("IRL") to manage a fourth drilling campaign at its Askot project in Uttarakhand state, India.

    Askot is a VMS (volcanogenic massive sulphide) deposit of copper, zinc and lead, with significant silver and gold. The Company's indicated and inferred mineral resource estimates in respect of Askot were reported in the Company's news release dated February 14, 2011.

    Drill Program. Drilling will start from underground stations in the hanging wall of the mineralized units, to go deeper than the 57 holes drilled by government agencies in the period 1968 through 1988. Pebble Creek twinned 17 of the government holes in 2006 and 2007 and verified the previous results.

    The mountainous topography and the steeply dipping mineralized strata require holes drilled from the surface to be collared at 1,150 to 1,300 metres elevation and drilled through hundreds of metres of wall rock before reaching target depths of 700 to 850 metres elevation. The use of underground stations that the Company has installed at 985 metres elevation, will eliminate hundreds of metres of drilling. Also, underground drilling will be more efficient than drilling from the surface during the summer monsoon that usually takes place from July through early October.

    To drill still deeper, after the monsoon ends a second rig will be moved into the valley on the footwall side of the mineralization to repeat the method the Company used for drill hole 019A in 2010. That hole was drilled to 230 metres at a minus 60 degree angle, then deflected to minus 30 degrees. It intersected the mineralization at 363.7 to 373.4 metres down-hole for a true thickness of 6.7 metres. That intersection extended the mineralization down to 720 metres elevation, or 160 metres below the deepest previous hole in that vicinity.

    The entire program is planned for approximately 7,500 metres of drilling in 40 holes.

    That's good. What would a drilling plan of 40 holes and 7500m be worth to IRL?
 
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