Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEDL.L Regulatory News (EDL)

  • There is currently no data for EDL

Drilling Report

6 Oct 2011 07:00

RNS Number : 6484P
Edenville Energy PLC
06 October 2011
 

6th October 2011

 

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

 

10 Assayed Borehole Results, Rukwa Coal Project, Tanzania

 

Highlights:

·; Rukwa Coalfield - previously producing near-surface coalfield

·; Mkomolo and Namwele basins - primary targets for coal resource delineation

·; Initial Mkomolo diamond drilling underway:

o 19 boreholes completed to date, coal bearing strata identified over 6,500m lateral strike distance, depth in excess of 230m

o 11 boreholes assayed to date, 10 boreholes returned coal results

·; 10 assayed borehole results reported today:

o Calorific Values up to 26.40 MJ/kg range

o Coal appears to be thickening to the north of the basin

o Testwork underway to determine the washability parameters, including the % yield of coal at a specific quality

·; Drilling operations to mobilise to Namwele at completion of Mkomolo area

·; Objective: Rapidly define a JORC compliant coal resource and assess Rukwa suitability for near term, open pit coal production

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces new assay results from the resource delineation drill programme at the Rukwa Coalfield project in South Western Tanzania. Management believe the assayed results to be highly encouraging and will continue exploration drilling in order to build a JORC complaint resource at Rukwa.

 

Drilling operations commenced in late July 2011 at the Mkomolo Basin of the Rukwa Coalfield. To date 19 boreholes for 2,266.10m have been completed with coal bearing strata identified over a lateral strike distance of 6,500m and to a depth in excess of 230m. The coal bearing strata or Coal Measures remains open ended both along strike to the north and at depth down dip to the west. Once the Mkomolo Basin drilling is completed in October the drilling rig will move south to the Namwele Basin.

 

Assay Results (results tabled in appendix)

 

As the drilling has stepped northwards through the Mkomolo basin the coal, and Coal Measure sequences, are thickening. The latest hole, MK11-019, has intersected Coal Measures of 39m in thickness, within which 10 metres of coal rich horizons are present. The drilling programme and associated core handling procedures is being overseen by Dr. R. Lowman of Wardell-Armstrong International, a leading international consultant in the Coal Industry with a view of estimating the Coal Resources to international reporting standards before the end of the year.

 

The Raw Coal results from the additional 9 boreholes, all drilled vertically, with coal have calorific values of the coal rich horizons varying from some 20.24 to 26.40 MJ/kg (41 samples). The remaining samples of interbedded carbonaceous mudstones and sandstone between the coal rich horizons are of lower quality. Float and Sink Analysis test work is now being conducted on several of these intersections in order to determine the washability parameters, including the % yield of coal at specific quality.

 

The coal bearing strata, defined here as the Karoo Coal Measures, intersected by the boreholes comprises an interlaminated/interbedded sequence of coals and mudstones, which include coal rich horizons comprising a high proportion of coal. Borehole MK11-05 drilled in the extreme southern portion of the Mkomolo Basin, intersected a very thin coal unit of

 

Edenville will continue with testwork and following conclusion of drilling at Mkomolo will mobilise the drilling team to the Namwele Basin of the Rukwa coalfield. The Company strategy is to rapidly establish a defined JORC resource at the primary Rukwa areas. Current indications are that the coal, with appropriate processing, is suitable for use for power generation. The predicted demand for electricity in the southern African region, particularly Tanzania, bodes well for the development of the project.

 

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 and Dr. R. Lowman of Wardell-Armstrong International, a leading consultant in the Coal Industry with over 30 years' experience.

 

Commenting today Simon Rollason, Chairman of Edenville, said; "These latest results are very encouraging and significantly the drilling has shown that the Coal Measures increases in thickness as we head northwards away from the previously known coal outcrops at Mkomolo. The Coal Measures in this newly discovered extension remain open-ended to the north and will be investigated further once the current drilling is completed. I look forward to updating shareholders on progress as drilling continues and further results are received."

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/Richard Gotla

+44 (0) 20 7653 9855

 

 

 

 

APPENDIX I

Hole_ID

From (m)

To (m)

Interval (m)

Moisture (%)

Ash (%)

Volatile (%)

F.C. (%)

Sulphur (%)

Gross C.V. MJ/kg

Gross C.V. Kcal/kg

MK11-02

53.43

53.84

0.41

5.0

44

23

29

5.54

15.20

3,631

54.12

54.21

0.09

5.9

34

26

34

6.38

18.26

4,361

54.31

54.55

0.24

4.6

38

25

32

5.03

16.99

4,058

54.55

54.78

0.23

6.3

29

29

36

7.37

19.87

4,746

55.42

55.59

0.17

3.3

51

21

25

14.75

13.01

3,107

55.59

55.79

0.20

3.3

47

23

27

8.86

14.00

3,344

55.79

55.89

0.10

3.7

47

23

27

6.51

14.19

3,389

55.89

56.12

0.23

4.3

38

33

26

8.71

17.72

4,232

56.12

56.20

0.08

5.3

33

28

34

7.24

19.30

4,610

56.76

56.86

0.10

4.3

41

26

28

8.26

16.54

3,951

57.16

57.40

0.24

2.9

65

17

15

3.25

7.18

1,715

MK11-03

55.20

56.10

0.90

3.0

58

17

22

7.12

9.75

2,329

56.10

56.55

0.45

3.5

56

18

23

5.08

10.74

2,565

MK11-04

70.58

70.70

0.12

6.3

54

19

21

13.49

11.54

2,756

MK11-05

No significant interval

MK11-06

89.62

90.32

0.70

8.5

15

35

41

5.17

25.11

5,998

91.00

92.20

1.20

5.9

24

32

38

5.30

21.89

5,228

MK11-07

92.67

93.10

0.43

6.1

34

29

30

4.55

18.14

4,333

93.65

94.15

0.50

6.3

32

32

30

7.61

19.25

4,598

MK11-08

30.72

30.82

0.10

5.7

33

30

31

9.41

18.73

4,474

36.34

36.46

0.12

5.8

23

33

38

6.27

22.21

5,305

36.86

36.92

0.06

3.0

63

17

17

3.55

7.65

1,827

37.89

38.01

0.12

4.3

35

29

32

12.34

17.96

4,290

38.27

38.60

0.33

4.5

51

22

23

6.47

12.22

2,919

38.79

38.88

0.09

5.4

65

16

14

1.78

6.97

1,665

38.96

39.18

0.22

8.0

21

34

36

5.74

22.52

5,379

39.45

39.53

0.08

7.3

24

32

37

4.06

21.60

5,159

39.78

39.92

0.14

6.4

21

35

38

3.75

22.70

5,422

40.00

40.16

0.16

6.9

35

23

35

4.64

16.81

4,015

40.16

40.32

0.16

5.8

21

29

44

4.93

22.52

5,379

43.50

43.60

0.10

6.0

21

33

40

6.12

22.64

5,408

44.26

44.34

0.08

6.8

25

32

37

3.55

21.10

5,040

44.72

44.79

0.07

6.2

25

33

36

3.47

21.04

5,025

45.02

45.13

0.11

6.2

26

36

33

5.00

20.80

4,968

45.95

46.05

0.10

7.1

22

28

43

5.17

22.15

5,291

MK11-09

63.00

63.07

0.07

4.0

45

19

32

6.43

14.58

3,482

63.37

63.44

0.07

4.7

23

32

40

8.24

22.98

5,489

64.00

64.15

0.15

5.8

22

35

37

4.64

23.02

5,498

64.70

64.80

0.10

5.4

23

34

38

5.68

22.95

5,482

65.75

65.88

0.13

4.9

35

29

31

3.86

18.08

4,318

65.94

66.44

0.50

5.8

19

36

40

6.43

24.44

5,837

66.65

66.80

0.15

6.6

28

26

39

3.08

21.04

5,025

67.64

67.82

0.18

4.2

27

33

36

7.94

21.29

5,085

68.02

68.27

0.25

5.8

21

35

38

7.60

23.70

5,661

71.43

71.55

0.12

4.8

28

31

36

12.49

20.98

5,011

72.90

72.95

0.05

5.1

18

33

45

3.97

24.56

5,866

73.08

73.30

0.22

4.8

33

30

33

4.53

18.98

4,533

73.67

73.74

0.07

6.4

18

35

41

4.49

24.25

5,792

74.04

74.22

0.18

5.0

28

31

36

9.65

20.98

5,011

MK11-10

48.30

48.45

0.15

6.7

16

36

41

5.73

25.01

5,974

49.85

50.00

0.15

5.0

18

36

42

7.67

24.46

5,842

50.07

50.14

0.07

4.0

28

34

34

8.93

20.86

4,982

50.30

50.46

0.16

5.1

24

30

41

4.70

22.43

5,357

50.55

50.61

0.06

5.6

21

32

41

5.78

23.14

5,527

50.77

50.87

0.10

5.4

16

35

43

4.01

25.05

5,983

51.73

52.17

0.44

6.6

22

35

36

5.84

23.02

5,498

52.90

53.15

0.25

5.6

29

31

35

7.27

20.67

4,937

53.15

53.86

0.71

3.2

54

27

16

2.20

11.56

2,761

53.86

54.23

0.37

3.3

57

23

16

4.75

10.30

2,460

59.35

59.50

0.15

5.1

27

29

39

11.65

21.41

5,114

MK11-11

43.02

43.63

0.61

5.3

35

30

30

5.52

18.26

4,361

44.62

44.7

0.08

5.4

18

36

40

3.92

24.54

5,861

44.78

44.9

0.12

5.5

20

37

38

5.07

24.02

5,737

45.18

45.3

0.12

5.4

20

36

39

5.66

23.82

5,689

45.8

46.23

0.43

5.6

20

33

41

4.90

23.61

5,639

46.64

46.75

0.11

4.6

30

30

35

7.89

20.24

4,834

46.83

46.93

0.10

4.7

28

32

36

7.05

21.17

5,056

47.03

47.12

0.09

5.6

13

38

44

5.16

26.40

6,306

47.24

47.85

0.61

5.7

19

36

40

4.91

24.31

5,806

48.03

48.3

0.27

4.4

32

29

34

5.08

19.43

4,641

48.58

48.68

0.10

4.8

35

31

29

3.86

18.45

4,407

55.37

55.46

0.09

6.1

21

30

42

11.28

23.32

5,570

Results on air dried basis F.C. - Fixed Carbon, C.V. - Calorific Value

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLQELFBFBFBFBB
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.