Edenville Energy PLC Initial Mkomolo 2012 Drill Results (8681J)
August 13 2012 - 4:45AM
UK Regulatory
TIDMEDL
RNS Number : 8681J
Edenville Energy PLC
13 August 2012
13(th) August 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Initial Mkomolo 2012 Drill Results, Rukwa Coal Project,
Tanzania
Edenville Energy plc (AIM:EDL), the coal focused African energy
exploration and development company, today announces receipt of the
initial Mkomolo deposit float and sink drill assay results. These
results are part of the 2012 resource delineation drill programme
which is currently underway at the Rukwa Coalfield project in south
western Tanzania.
Highlights:
-- Float and sink sample results received
-- Further positive indications of thermal quality coal mineralisation
-- Drilling intersections indicate coal continues to the north
of April 2012 resource drilling area
-- Results confirm coal grades and continuity of coal measures
-- Upgraded Mkomolo resource statement expected Q1 2013 with
further results from the Rukwa coalfields to be reported during
2012
-- Drillhole results confirm coal measure widths between 4 and
14m within southern portion of the Mkomolo Basin
The results from these initial infill drill holes, collared
within the southern portion of the currently defined inferred
resource area, have confirmed both coal grades and the continuity
of coal measures which will allow our recently appointed
consultants, Sound Mining Solutions Ltd. ("SMS") of South Africa,
to complete the measured and indicated resource statement.
Following the receipt of the laboratory results, the revised
statement is expected in Q1 2013.
These first 5 drillholes results come from the southern portion
of the Mkomolo area with the width of the coal measures in this
area being confirmed at between 4 and 14m. All these holes were
stopped once they intersected the basement gneisses, as this
southern portion of the Mkomolo basin is shallower than the
northern section. The holes currently being drilled are stepping
out to the north into the deeper portion of the basin, where last
year widths of the coal measures were up to 54m, as well as
extending the resource northwards.
Simon Rollason, Chairman of Edenville, commented today; "I am
very pleased to deliver this update to our shareholders of what is
growing into an exciting project for the Company. The new drill
results confirm the continuation of the coal measures identified in
the 2011 programme and will allow the current inferred resource
base of 39 million tonnes to be expanded and the resource category
to be upgraded, providing increased confidence to the quantity and
quality of Edenville's existing resource at the Mkomolo coal
project.
Site access to the northern exploration area is being prepared
and during the field season additional diamond core drilling will
be completed at Namwele to allow for a resource statement to be
prepared; these results are also anticipated in H1 2013. Geological
site investigation is underway at Muze to facilitate drill planning
for late 2012. Our recently appointed Tanzanian consultant is
active on the Environmental Impact Assessment and we will update
shareholders on the progress being made in due course"
Coal Quality and Resource Testing
Additional Float & Sink analysis from holes MK12-024,
MK12-025, MK12-026, MK12-027 and MK12-028, cored during the 2012
drill programme has now been received from the Alfred H Knight
Laboratory, Ayrshire, an internationally accredited coal analysis
laboratory in Scotland. This analysis indicates the amount (%
yield) and quality of coal that could be obtained from the deposit
by mining and processing.
The drillholes are located in the southern part of the Mkomolo
basin which remains open-ended both to the north and down dip. All
holes were drilled vertically.
Extracts from the results are summarised below:
Hole ID From To (m) Interval Wash Moisture % Ash % Volatile % F.C. Sulphur % Gross Yield %
(m) (m) R.D. % C.v.
MJ/kg
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
MK12-024 123.18 124.12 0.94 F1.80 5.9 36.2 23.8 34.1 3.61 17.304 53.6
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
125.70 126.60 0.90 F2.00 5.0 31.5 24.0 39.5 3.70 18.611 58.4
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
MK12-025 182.28 183.04 0.76 F2.00 4.2 27.6 28.4 39.8 4.20 20.648 63.9
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
183.04 183.97 0.93 F2.00 3.5 33.6 25.6 37.4 1.89 18.828 27.9
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
183.97 184.67 0.70 F1.90 3.5 35.0 26.2 35.3 2.78 18.247 44.7
------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
184.67 185.97 1.30 F1.70 5.2 36.4 26.3 32.2 2.88 17.319 20.7
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
MK12-026 179.81 181.60 1.79 F1.80 4.6 35.2 26.6 33.6 5.05 18.254 44.2
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
182.86 184.87 2.01 F2.00 6.3 27.2 30.4 36.0 6.66 20.404 51.5
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
186.10 186.82 0.72 F2.00 4.5 39.5 21.3 34.6 1.90 17.258 27.3
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
MK12-027 175.97 177.00 1.03 F2.00 4.2 37.4 28.7 29.8 4.96 17.632 51.1
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
178.08 178.90 0.82 F2.00 5.2 33.5 27.4 33.9 4.78 18.654 31.4
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
178.90 180.35 1.45 F2.00 5.1 33.7 29.8 31.5 4.24 18.625 65.2
------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
180.35 181.48 1.13 F2.00 4.6 34.7 29.2 31.5 3.56 18.514 55.2
------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
184.75 185.55 0.80 F2.00 3.3 30.4 26.1 40.1 2.13 20.129 70.2
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
MK12-028 9.17 10.38 1.21 F1.90 3.7 37.4 22.9 36.0 2.94 17.864 29.1
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
10.38 11.34 0.96 F2.00 4.6 28.5 25.9 41.1 2.09 20.813 82.7
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
20.10 21.04 0.94 F1.90 4.8 34.0 24.9 36.2 3.07 18.564 73.0
------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
21.04 21.70 0.66 F2.00 4.7 35.9 22.3 37.1 2.67 18.018 57.7
------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
22.94 23.70 0.76 F2.00 3.9 39.0 22.3 34.7 3.37 17.245 39.0
---------- ------- ------- --------- ------ ----------- ------ ----------- ----- ---------- ------- --------
Cumulative Results from Fractional analysis (Results are
reported on an air-dry basis)
F.C. - Fixed Carbon, C.V. - Calorific Value
In accordance with the AIM Rules, the information in this
announcement has been reviewed by Mark J. Pryor, Managing Director
of Edenville Energy PLC, a qualified geologist with over 25 years'
experience.
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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