Edenville Energy PLC Namwele Drilling Results (7164G)
July 03 2012 - 2:00AM
UK Regulatory
TIDMEDL
RNS Number : 7164G
Edenville Energy PLC
03 July 2012
3(rd) July 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Namwele Drilling Results
Edenville Energy plc (AIM:EDL), the African coal exploration and
development company, is pleased to announce that all the remaining
results from the 2011 drill program at Namwele have now been
received.
The Namwele Project lies 4km to the south east of the Mkomolo
Deposit, where a JORC compliant inferred resource of 39 million
tonnes of thermal coal was defined by Edenville earlier this year.
Namwele hosts an old open pit mine which was previously worked on a
small scale providing lump coal to industries located at Mbeya,
some 300km to the south by road.
In late 2011 Edenville drilled eight vertical diamond drill
holes close to the Namwele open pit and out along strike of the
coal mineralisation. In total, 869.80 metres were drilled covering
a strike length of 2.2 kilometres. Float & Sink analysis of the
samples was conducted at the Inspectorate Laboratory in South
Africa, with the analysis indicating the amount (per cent yield)
and quality of coal that could be obtained from the deposit by
mining and processing.
Hole No. From To Interval Moisture Ash Volatile F.C. Sulphur Gross C.V. Cumulative Yield
(m) (m) (m) % % % % % MJ/kg %
-----------------
NM11-01 85.82 86.82 1.00 4.9 36.8 20.9 37.3 0.7 17.2 34.0
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-02 124.85 127.50 2.65 4.6 31.4 27.2 36.8 3.1 19.9 25.2
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-02 127.50 129.62 2.12 4.4 30.4 29.1 36.0 3.0 19.7 42.6
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-03 Low quality intersections within coal measures intersected between 76.30 - 87.30m
---------------------------------------------------------------------------------------------------------
NM11-04 28.00 28.61 0.61 4.5 30.5 30.1 34.8 5.5 19.8 73.4
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-04 28.61 31.61 3.00 5.2 30.3 29.5 35.0 5.5 19.5 23.0
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-04 31.61 32.60 0.99 5.2 33.1 27.0 34.7 3.6 18.8 24.3
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-05 79.05 81.45 2.40 5.7 27.5 30.1 36.7 6.1 20.3 62.3
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-05 82.52 83.98 1.46 5.7 35.2 26.0 33.2 3.2 17.9 29.7
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-05 85.00 85.79 0.79 5.7 35.2 26.0 33.2 3.2 17.9 29.7
------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-06* Abandoned above coal measures
---------------------------------------------------------------------------------------------------------
NM11-07 91.10 92.21 1.11 5.2 34.4 29.2 31.2 6.0 17.9 100.0
---------- ------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-07 92.21 93.62 1.41 4.8 30.6 29.3 35.3 7.2 19.1 26.4
---------- ------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
NM11-08 103.68 106.50 2.82 5.4 32.4 27.0 35.1 6.4 18.5 40.9
---------- ------- ------- --------- --------- ----- --------- ----- -------- ----------- -----------------
Cumulative Results from Fractional analysis (Results are
reported on an air-dry basis)
F.C. - Fixed Carbon, C.V. - Calorific Value
*NM11-06 was abandoned at 127.00m and did not reach the coal
measures sequence.
The drill spacing was not close enough to produce a
JORC-compliant resource tonnage estimate however results confirm
the quality and continuity of coal mineralisation at Namwele.
Drilling was conducted at the end of the field season and it is the
intention of the company to return to Namwele to drill sufficient
in-fill holes as to allow for a resource estimation to be
undertaken.
The planned down-hole geophysics has been delayed to mid-July as
the drill contractor has yet to deliver the correct equipment to
site in order to flush clean the 2011 drill holes selected for
geophysical logging. It is likely that additional down-hole
geophysics will be undertaken during the course of the current
drill programme.
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.
Commenting today Simon Rollason, Chairman of Edenville, said;
"The initial drill programme and sampling at Namwele has confirmed
the presence of coal bearing strata extending out along strike from
the previous workings and occurring at depth. These results provide
the basis for follow-up drilling in 2012 which will enable a JORC
compliant resource to be calculated for Namwele, adding to the
overall coalfield resource tonnage. Edenville's field geologists
are actively mapping and sampling the Namwele and Muze Deposits
which will enable our team to accurately locate additional
drillholes. Drilling is currently in progress at Mkomolo with the
objective of upgrading and expanding the current resource. We look
forward to providing further market updates during the field season
as this exciting project continues to develop and grow. We remain
fully funded to complete our planned programme for this year."
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
Grahame 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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