Tuesday, 08 Nov 2011
Africa focused Edenville Energy PLC has now completed drilling at the Mkomolo and Namwele basins at the Rukwa Coalfield project in South Western Tanzania and expects to report a maiden JORC compliant resource for Rukwa by the end of the year.
The company has sent core samples to be processed at the Inspectorate Laboratory facility in South Africa.
Edenville completed 8 holes at Namwele for 934.30 metres and 22 holes for 2,585.10 metres at Mkomolo.
Edenville is assessing Rukwa's suitability for near term, open pit coal production. The coal bearing strata has been identified over 6,500 metre strike distance and to a depth in excess of 230 metres.
Mr Simon Rollason chairman of Edenville Energy said that "The completion of core diamond drilling at the Mkomolo and Namwele basins should allow us to prove up an initial JORC compliant coal resource at the Rukwa coalfield in Tanzania. We confidently await the results of the analysed samples from the laboratory and we will keep our shareholders up to date with the company's progress as and when we receive further news."
Edenville Energy PLC is the holding company of a mineral exploration and development group focusing on energy commodity opportunities in Africa. The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group's objective is to undertake mineral exploration of its portfolio of assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets.
(sourced proactiveinvestors)
Africa focused Edenville Energy PLC has now completed drilling at the Mkomolo and Namwele basins at the Rukwa Coalfield project in South Western Tanzania and expects to report a maiden JORC compliant resource for Rukwa by the end of the year.
The company has sent core samples to be processed at the Inspectorate Laboratory facility in South Africa.
Edenville completed 8 holes at Namwele for 934.30 metres and 22 holes for 2,585.10 metres at Mkomolo.
Edenville is assessing Rukwa's suitability for near term, open pit coal production. The coal bearing strata has been identified over 6,500 metre strike distance and to a depth in excess of 230 metres.
Mr Simon Rollason chairman of Edenville Energy said that "The completion of core diamond drilling at the Mkomolo and Namwele basins should allow us to prove up an initial JORC compliant coal resource at the Rukwa coalfield in Tanzania. We confidently await the results of the analysed samples from the laboratory and we will keep our shareholders up to date with the company's progress as and when we receive further news."
Edenville Energy PLC is the holding company of a mineral exploration and development group focusing on energy commodity opportunities in Africa. The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group's objective is to undertake mineral exploration of its portfolio of assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets.
(sourced proactiveinvestors)
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