Edenville Energy PLC Positive Drill Results from the Rukwa Coal Project (8034K)
August 28 2012 - 2:01AM
UK Regulatory
TIDMEDL
RNS Number : 8034K
Edenville Energy PLC
28 August 2012
28(th) August 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Positive Drill Results from the Rukwa Coal Project, Tanzania
Edenville Energy plc (AIM:EDL), the coal focused African energy
exploration and development company, today announces receipt of the
drill core assay results from drillhole MK12-029 collared at the
Mkomolo deposit on the Rukwa Coalfield project in south western
Tanzania.
Highlights:
-- Float and sink sample results received for MK12-029
-- Additional positive indications of thermal quality coal mineralisation
-- Results confirm thickening of coal measures in northern part of basin
-- Coal measure thickness of over 70m
o Cumulative coal thickness of 19.04m within hole.
-- Drilling intersections indicate improved coal grades and
confidence within the April 2012 resource drilling area
Float and sink analysis results have been received for drillhole
MK12-029 which was collared within the northern margin of the
currently defined inferred resource area. The results have
confirmed both coal grades and the continuity of coal measures.
This hole was drilled vertically and is located 220m up-dip along
section from MK11-018, drilled in 2011. Coal measures where
intersected between 82.20m and 153.40m below surface, an
intersected thickness of 71.20m.
Coal quality and thickness are encouraging with yields and Gross
CV (Calorific Value) increasing in this northern area. Values
indicate that yields in this zone of the northern block have
increased from an average as defined by Wardell Armstrong
International ("WAI") in their Resource report of 26% to an average
of approximately 80% at a similar grade of 17Mj/kg. This brings the
possibility of increasing the tonnage potential within this
northern block due to the improved grades and yields The coal is
termed as 'Bar Coded' with intervening units of barren sandstone
and shales and will require washing to produce a commercial
product.
As previously announced on the 13(th) August, the results will
allow our recently engaged consultants, Sound Mining Solutions Ltd.
("SMS") of South Africa, to upgrade the resource to the measured
and indicated category . Following the receipt of laboratory
results from this 2012 drilling programme, the revised statement is
expected in Q1 2013.
Two additional holes have been completed to the north of
MK12-029, with results pending and an additional further three
holes are planned once access is prepared, which will extend the
zone a futher 3 km north of this currently reported borehole
(MK12-029). Due to these very positive results further holes are
now planned to step back and extend northwards to ensure this area
has sufficient drilling density to be included in the updated
resource
Simon Rollason, Chairman of Edenville, commented today; "I am
delighted to announce these results to the market. The results
clearly indicate the highly prospective nature of the Mkomolo
basin: this hole has returned significant results in an area where
historically no coal had been identified. This will further assist
the Company in achieving its previously stated objective of
increasing the confidence to the quantity and quality of
Edenville's existing resource at the Mkomolo coal project, while
allowing for the preparation of an upgrade resource estimate in Q1
2013 once all laboratory results have been received. "
Coal Quality and Resource Testing
Float & Sink analysis from holes MK12-029 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 coal bearing strata, defined here as the Coal Measures,
intersected by the drillholes comprises an
interlaminated/interbedded sequence of coals and mudstones, with
include coal-rich horizons comprising a high proportion of
coal.
The drillhole is located in the northern part of the Mkomolo
basin which remains open-ended both to the north and down dip. This
drillhole was drilled vertically.
Extracts from the results are summarised below:
Hole From To Interval Wash Moisture Ash Volatile F.C. Sulphur Gross Yield%
ID (m) (m) (m) R.D. % % % % % C.v.
MJ/kg
---------- ------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
MK12-029 95.76 96.18 0.42 F1.90 4.4 28.4 24.7 42.5 4.48 20.436 82.4
---------- ------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
96.52 97.29 0.77 F1.90 4.9 37.7 21.4 36.0 2.33 17.300 38.6
---------- ------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
97.29 97.92 0.63 F1.80 5.9 31.7 24.9 37.5 2.73 18.760 85.0
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
103.60 104.00 0.40 F1.90 5.4 27.1 29.8 37.7 5.46 20.447 60.5
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
104.00 104.91 0.91 F2.00 4.8 25.6 28.5 41.0 3.21 21.170 98.7
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
106.22 106.64 0.42 F2.00 4.0 29.6 26.4 40.0 2.76 20.008 96.4
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
107.04 107.70 0.66 F2.00 4.5 28.2 27.5 39.7 2.75 20.334 62.2
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
108.40 108.92 0.52 F2.00 5.7 25.2 31.0 38.2 3.48 21.074 85.3
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
108.92 112.53 3.61 F1.80 5.5 33.1 26.3 35.1 3.80 18.542 45.3
------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
137.40 138.30 0.90 F1.80 5.1 31.6 23.6 39.7 2.37 19.065 50.6
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
139.20 139.59 0.39 F1.90 3.3 34.9 27.6 34.2 2.94 18.402 66.7
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
139.59 141.60 2.01 F1.90 3.8 32.5 21.4 42.2 3.40 19.180 47.1
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
141.60 142.65 1.05 F1.90 3.6 31.9 22.8 41.7 4.28 19.516 67.5
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
142.65 143.42 0.77 F1.80 3.7 32.8 26.6 36.9 3.68 19.212 64.7
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
143.42 145.65 2.23 F2.00 4.0 27.4 27.2 41.3 5.02 21.178 88.3
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
145.65 147.03 1.38 F2.00 5.0 29.1 22.4 43.5 2.49 20.095 89.5
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
147.03 148.00 0.97 F2.00 4.2 31.3 24.4 40.2 2.51 20.234 95.3
------- --------- ------ --------- ----- --------- ----- -------- ------- -------
148.00 149.00 1.00 F1.90 3.3 37.1 27.4 32.2 4.37 17.959 43.9
---------- ------- ------- --------- ------ --------- ----- --------- ----- -------- ------- -------
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 7653 9855
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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