Operations update, Tanzania
May 11 2012 - 2:00AM
RNS Non-Regulatory
TIDMEDL
Edenville Energy PLC
11 May 2012
11(th) May 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Operations Update, Tanzania
Highlights
-- Drill rig to be mobilised at Rukwa Coalfield in order to:
o Upgrade and expand the current Inferred Resource at
Mkomolo
o Commence phase II drilling at Namwele
o Test drill the Muze project
Edenville Energy plc (AIM:EDL), the coal focused African energy
exploration and development company, today announces that Layne
Drilling International have confirmed that the drill rig will
arrive on sitethe week commencing May 14th to initiate the drill
programme recommended by consultants Wardell-Armstong International
("WAI"). The objective of the drilling programme is to upgrade and
expand the current maiden Inferred Resource at Mkomolo of 39
Million tonnes to a JORC compliant Measured and Indicated resource,
in addition to drilling at the Namwele deposit and commencing
drilling at the Muze portion of the Rukwa Coalfield Project in
South Western Tanzania.
Mobilisation of men and material will take approximately 7 days
with drilling due to commence by the end of May. Drilling will
initially involve the cleaning and casing of several of the 2011
drillholes to complete downhole geophysical logging, allowing. more
accurate correlation between boreholes and a greater confidence in
the projecting the coal measures. This work is fundamental to the
upgrading from 'Inferred' to 'Measured and Indicated' Resource
status, as defined under JORC rulings.
The geophysics will take approximately two weeks to complete,
after which the in-fill drilling at Mkomolo will commence. A15 to
18 hole program has been laid out by WAI which is anticipated to
take approximately three months to complete. The drill rig will
then be moved to Namwele and then Muze.
In accordance with the AIM Rules, the information in this
announcement has been reviewed by Mark Pryor, Managing Director of
Edenville Energy PLC, a qualified geologist with over 25 years'
experience. Dr. Lowman of Wardell-Armstrong, a leading
international consultant in the Coal Industry with over 30 years'
experience is overseeing the project and produced the planned
drilling infill/step out program at Mkomolo.
For the full drill results, already published, please see the
following PDF
http://www.rns-pdf.londonstockexchange.com/rns/1155D_1-2012-5-10.pdf
Simon Rollason, Chairman of Edenville, said today; "This is the
next step in our program of upgrading and increasing our resource
base at Rukwa. We are highly encouraged by the results of the
maiden resource at Mkomolo announced in April of this year, and
look forward to expanding on this figure during the planned
exploration program."
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
Graham Herring/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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