01:44 PM EST - SouthGobi Energy Resources Ltd. : plans a US$5-million drill program to start in the second quarter to delineate an underground resource at its Ovoot Tolgoi coal project in Mongolia. The company said drill results from 2007 found direct shipping coking and semi-soft coals beneath the lower boundaries of the planned open pits at the south-east and west fields of its Ovoot Tolgoi project. SouthGobi Energy Resources Ltd.
shares T.SGQ are trading up 35 cents at $9.35.
