Resource Report and Update
April 19 2012 - 8:22AM
RNS Non-Regulatory
TIDMEDL
Edenville Energy PLC
19 April 2012
19 April 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Resource Report and Update
Edenville Energy plc (AIM:EDL), the coal exploration and
development company, is pleased to announce that the maiden in-situ
resource estimate, as prepared by Wardell Armstrong International
("WAI"), for the Mkomolo Basin on the Rukwa Coalfield Project in
South Western Tanzania is now available on the Company's website,
www.edenville-energy.com.
The Company is making preparations for the upcoming field
season. New site vehicles have been purchased, the camp is being
up-graded and additional geological staff recruited in preparation
for the 2012 work program.
The positive results from the last field season, culminating in
the publication of the JORC-compliant resource estimate, means that
the focus of the 2012 drill campaign will be on the Rukwa Coalfield
Project and the nearby properties of Namwele and Muze. The drill
contractor is expected to mobilise during May as is the geophysical
contractor. The geophysical data, combined with information
generated by the drill program, will allow the Company to better
understand the continuation of, and the extensions to, the known
coal seams.
The Company's goal remains the rapid development of a low cost,
large tonnage open pit mine and the evaluation of potential end
users.
Simon Rollason, Chairman of Edenville, commented "I am pleased
to announce this update to our shareholders, as we expect to start
field work shortly on the Rukwa Project. We are excited by the
recent resource results which highlight the positive potential of
the project. To date we have delineated 39 million tonnes of
inferred resource from only part of the project. In 2012 we intend
to complete the drilling at Mkomolo, advance Namwele and commence
investigations at Muze. In 2011 Edenville has achieved its
objective of confirming the presence of coal bearing strata along
multiple kilometers of strike length, which also extends to a
significant depth. The company is fully funded to undertake the
planned 2012 work programme"
Contact:
Edenville Energy plc
Simon Rollason - Chairman
Rakesh Patel - Finance Director
www.edenville-energy.com +44 (0) 20 7099 1940
ZAI Corporate Finance Ltd
Ray Zimmerman/Marc Cramsie +44 (0) 20 7060 2220
Newgate Threadneedle Communications
Josh Royston/Richard Gotla +44 (0) 20 7653 9855
This information is provided by RNS
The company news service from the London Stock Exchange
END
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