Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEDL.L Regulatory News (EDL)

  • There is currently no data for EDL

Coal Exploration Update

10 Jan 2011 07:00

RNS Number : 1307Z
Edenville Energy PLC
10 January 2011
 

10 January 2011

EDENVILLE ENERGY PLC ("Edenville" or the "Company")

 

Coal Exploration Update, Tanzania

 

Edenville Energy plc (AIM:EDL), the coal focused African solid energy exploration and development company, today announces the results from samples collected on the Rukwa Coalfields project in Southern Tanzania. The Rukwa Coalfields have previously been subject to small-scale coal mining operations, with the primary areas located at Namwele, Mkomolo and Muze.

 

Highlights

Ground surface investigations at Rukwa:

·; Grab samples continue to demonstrate thermal quality coal

·; Additional coal outcrop identified 3km west of known deposits

·; Geological mapping and pitting reveal extensive strike at Mkomolo with coal observed over at least 2.5km

Revised drilling programme planned for Q2 2011

·; Current percussion drilling only able to penetrate the top of coal seams

·; Replacement drill rigs with greater depth and sample collection capability planned for resources delineation

·; Drill targets will test both historic and newly identified coal seams during Q2 and Q3 2011

A total of 32 grab samples were collected from coal outcrops at the Rukwa Coalfield project during regional scale geological mapping in the area covered by the Namwele and Mkomolo deposits. The samples were analysed at the accredited Inspectorate Laboratory, Middleburg, South Africa. In addition to the known deposits and the exploration of potential strike extensions, two further areas of coal outcrops were identified and sampled approximately 3km to the west of the known occurrences. A summary of the results is tabled below;

 

Location

Number of samples

Moisture

Ash

Volatile

Fixed Carbon

Sulphur

Gross Caloric Value

Geological Description

%

%

%

%

%

MJ/kg

kcal/kg

Mkomolo

8

9.99

24.24

28.26

37.51

2.10

19.28

4603

Coal

2

8.60

52.27

19.10

20.03

0.44

8.89

2123

Mudstone parting

1

4.45

74.20

10.75

10.60

0.16

2.57

613

Mudstone

Namwele

11

7.26

26.76

27.68

38.29

3.98

20.00

4776

Coal

3

6.63

52.92

19.77

20.68

0.49

9.79

2337

Mudstone parting

2

2.10

87.15

8.95

1.80

0.13

1.00

239

Mudstone

Outcrop (3.5km west of Namwele)

1

11.10

17.05

31.50

40.35

2.57

21.62

5163

Coal

3

3.00

83.05

10.17

3.78

0.44

1.00

239

Mudstone

Outcrop (3km NW of Namwele)

1

9.60

23.95

27.30

39.15

2.33

19.81

4731

Coal

 

Following these positive results from the outcrop sampling the Board of Edenville have taken the decision to replace the current shallow, percussion drill programme with a more extensive deeper drill programme using diamond and reverse circulation drilling. Such a programme will produce geological information and coal quality analysis data that can be used in a mineral resource estimation. The current shallow drilling is technically restricted to shallow depths, only penetrating the upper areas of the coal seams and cannot adequately test the down dip and lateral extensions of these deposits.

 

The Company continues to collected data from its programme of geological mapping, pitting and trenching to expose sub-cropping coal and the collection of representative samples. The work is focused along the strike of the Mkomolo deposit with additional detailed mapping of the Namwele pit currently in progress.

 

Simon Rollason, Chairman of Edenville, commented:-

"The current geological surface programme confirms the thermal quality of the surface coal at Namwele and Mkomolo in addition to identifying additional coal outcrop west of Namwele.

 

Following the examination of these surface results and the results from the shallow percussion drillholes, the Board believe it is appropriate to undertake a programme of deeper drilling, whereby results can be developed into a future resource estimate. In addition to Namwele, the Mkomolo deposit is a primary target for Edenville due to coal already being traced over a 2.5km strike length. Edenville will continue to further outline the extent of the coal mineralisation at Namwele and Mkomolo. Our objective is to generate maiden resource estimate at Namwele for an open pit coal mine by the end of 2011. Edenville's strategy is to rapidly add value to our portfolio of assets through exploration and development. I look forward to announcing further results in the future, as work continues on the Edenville coal portfolio."

Contact:

Edenville Energy plc

Simon Rollason - ChairmanRakesh Patel - Finance Directorwww.edenville-energy.com

 +44 (0) 20 7099 1940 

ZAI Corporate Finance Ltd

Ray Zimmerman/ Marc Cramsie

+44 (0) 20 7060 2220

Threadneedle Communications

Laurence Read/Beth Harris

+44 (0) 20 7653 9855

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSUFIWFFSEIF
Date   Source Headline
5th Jun 20097:00 amRNSOption Agreement completion
1st Jun 20097:00 amRNSDirectorate Change
13th Mar 20097:00 amRNSOption Agreement and Issue of Equity
23rd Jan 20094:23 pmRNSResult of EGM/Change of Name
16th Jan 20092:14 pmRNSHolding(s) in Company
31st Dec 200812:34 pmRNSChange of Name
16th Dec 200810:07 amRNSHolding(s) in Company
11th Dec 200810:30 amRNSChange of Adviser
9th Dec 20087:30 amRNSIssue of Equity
3rd Nov 200810:02 amRNSTotal Voting Rights
3rd Nov 20089:57 amRNSChange of Registered Office
3rd Nov 20089:55 amRNSDirectorate Changes
3rd Nov 20089:49 amRNSDisposal and Related Party Transaction
15th Oct 20083:30 pmRNSHolding(s) in Company
7th Oct 20083:45 pmRNSIssue of Equity
30th Sep 20082:30 pmRNSResults of AGM and EGM and Financing Update
30th Sep 20082:30 pmRNSRestoration - TV Commerce Holdings plc
30th Sep 20087:00 amRNSHalf-yearly Report
11th Sep 20087:30 amRNSNotice of EGM
8th Sep 20081:45 pmRNSReport and Accounts 2007
8th Sep 20089:30 amRNSAIM Rule 26 Website
5th Sep 20083:50 pmRNSStatement re. Suspension and
5th Sep 20083:50 pmRNSFinal Results
26th Jun 20082:45 pmRNSStatement re. Suspension
26th Jun 20082:45 pmRNSSuspension - TV Commerce Hold
18th Apr 20087:00 amRNSRestoration- TV Commerce Hldg
18th Apr 20087:00 amRNSChange of Adviser
17th Mar 20087:00 amRNSSuspension - TV Commerce Hldg
12th Mar 20083:00 pmRNSCapital Reduction
29th Jan 20087:00 amRNSRestoration - TV Commerce
29th Jan 20087:00 amRNSInterim Results
24th Jan 20085:18 pmRNSCapital Reduction
1st Oct 20077:30 amRNSSuspension -TV Commerce Hldgs
20th Aug 20079:15 amRNSAIM Rule 26
29th Jun 200711:46 amRNSFinal Results
18th Apr 200710:55 amRNSDirector/PDMR Shareholding
5th Mar 20074:51 pmRNSChange of registered address
28th Feb 20076:16 pmRNSTrading Statement
22nd Dec 200610:16 amRNSTotal Voting Rights
24th Nov 20067:59 amRNSTrading Statement
21st Sep 20067:01 amRNSInterim Results
4th May 200610:25 amRNSDirector/PDMR Shareholding
13th Apr 20067:00 amRNSDirectorate Change
21st Mar 20067:01 amRNSFinal Results
10th Mar 200610:59 amRNSOfcom grants Play2Win licence
24th Feb 20067:00 amRNSNotice of Results
12th Jan 20062:29 pmRNSChange of Adviser
1st Dec 20057:01 amRNSTV adverts for Santa Calling
7th Nov 20057:01 amRNSPsychic TV expands to the US
11th Oct 20057:00 amRNSTrading Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.