Saturday, May 31, 2014

Newera begins coal magnetic survey at Ulaan Tolgoi, Mongolia

Newera Resources (ASX: NRU) has commenced a ground magnetic survey at the Ulaan Tolgoi project in the South Gobi basin in Southern Mongolia.

The ground magnetic survey will comprise 700 line kilometres covering the northern sector of the Ulaan Tolgoi licence area and is expected to be completed within two weeks.

Newera has noted that the recent discovery of a black coal bearing sub-basin immediately adjacent to the northern boundary of the Ulaan Tolgoi licence, and the testing has produced shallow, mineable intersections of high quality black coal.

Newera is utilising the services of the same geophysical survey contractors whom conducted the ground magnetics survey immediately to the north of Newera’s Ulaan Tolgoi Licence, and were also the group that outlined the nearby black coal bearing sub-basin.

The 43,000 hectare Ulaan Tolgoi project is located in the South Gobi province of Mongolia, 100 kilometres from the Chinese Border.

Minor coal outcrops and a number of water wells along the Nariin Sukhait thrust fault 300 kilometres to the west of Ulaan Tolgoi led to the discovery of the large MAK and Ovoot Tolgoi coking/thermal coal deposits.

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