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
26th Nov 20137:00 amRNSEdenville Energy Strategy Update
22nd Oct 201311:49 amRNSGrant of Options
26th Sep 20138:43 amRNSHolding(s) in Company
24th Sep 20139:20 amRNSHolding(s) in Company
20th Sep 20137:01 amRNSHalf Yearly Report
20th Sep 20137:00 amRNSDirectorate Change
17th Sep 20138:00 amRNSDraw Down of Funds & Issue of Equity for drawdown
11th Sep 20137:00 amRNSEngagement of RAFCOGROUP & EIA Update
9th Sep 20137:00 amRNSRukwa Coal Project Scoping Study Results
30th May 201311:40 amRNSResult of AGM
7th May 20137:00 amRNSFinal Results
29th Apr 20138:57 amRNSHolding(s) in Company
22nd Apr 20138:23 amRNSDraw Down of Funds and Issue of Equity
22nd Apr 20137:00 amRNSOperational update
28th Mar 201311:51 amRNSHolding(s) in Company
27th Mar 20137:00 amRNS£5 million Financing Facility Agreed
26th Mar 20137:00 amRNSUpdated mineral resource estimate
19th Mar 20132:40 pmRNSHolding(s) in Company
7th Mar 20133:34 pmRNSHolding(s) in Company
5th Mar 20137:00 amRNSDirectorate Change
18th Feb 20137:00 amRNSAppointment of Non-Executive Director
13th Feb 20134:04 pmRNSHolding(s) in Company
21st Jan 20134:45 pmRNSHolding(s) in Company
15th Jan 201312:33 pmRNSHolding(s) in Company
10th Jan 20137:00 amRNSPositive drill results from the Muze deposit
27th Dec 20124:11 pmRNSHolding(s) in Company
26th Nov 20121:59 pmRNSHolding(s) in Company
21st Nov 20122:00 pmRNSHolding(s) in Company
16th Nov 20122:46 pmRNSExercise of Warrants
29th Oct 201212:04 pmRNSHolding(s) in Company
16th Oct 20124:01 pmRNSHolding(s) in Company
10th Oct 20129:08 amRNSHolding(s) in Company
8th Oct 20127:00 amRNSMkomolo Drill Results
2nd Oct 20127:00 amRNSChange of Adviser
19th Sep 20123:45 pmRNSHolding(s) in Company
17th Sep 20124:53 pmRNSHalf Yearly Report
28th Aug 20127:00 amRNSPositive Drill Results from the Rukwa Coal Project
20th Aug 20127:00 amRNSOption Exercised on Rukwa Coalfield Project
17th Aug 20124:53 pmRNSHolding(s) in Company
13th Aug 20129:45 amRNSInitial Mkomolo 2012 Drill Results
31st Jul 20127:00 amRNSRukwa Coalfield Update
12th Jul 20125:19 pmRNSHolding(s) in Company
4th Jul 201210:55 amRNSHolding(s) in Company
3rd Jul 20123:49 pmRNSHolding(s) in Company
3rd Jul 20127:00 amRNSNamwele Drilling Results
2nd Jul 20121:59 pmRNSHolding(s) in Company
27th Jun 20125:30 pmRNSHolding(s) in Company
27th Jun 201212:13 pmRNSResult of AGM
19th Jun 20122:30 pmRNSHolding(s) in Company
18th Jun 20123:57 pmRNSMuze Project Update

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.