TVN Corporation's 3km coal sequence remains open at Nuurst in Mongolia
TVN Corporation (ASX: TVN) has ramped up drilling at its wholly owned Nuurst Coal Project in Mongolia which has confirmed a continuous thick coal sequence that extends across the full width of the south western limb of licence area.
With the arrival of two additional drilling rigs in recent weeks, the rate of drilling has increased and three holes recently completed support the revised exploration target and demonstrate the extent of the Nuurst Project coal seam development in the south western limb of the Nuurst Licence.
Coal seam development has now been defined to the full 1.5 kilometre width of the licence in this area and for a length of at least 3 kilometres from the southern boundary to the north which remains open.
In this area the coal seam development appears to be bound by the licence boundary, remaining open to the north.
Trenching activities in the area of the fault in the south eastern portion of the targeted resource area have extended the sub-cropping coal sequence for over 700 metres of strike length, extending south westerly from US coal miner Peabody Winsway Resources’ Tsaidam Deposit, which contains a Mineral Resource of 149.7 million tonnes.
The Nuurst Project covers 34.5 square kilometres and is located 120 kilometres south of the Mongolian capital Ulaanbaatar, in an area with a number of operating coal mines.
Nuurst is 6 kilometres from existing rail infrastructure providing low cost access to the key coal export markets of China, South Korea and Japan.
The project has a 200 to 300 million tonne exploration target, which covers less than 15% of the overall licence.
To date TVN has completed more than 3000 metres of drilling and is aiming to define a JORC Resource by the end of 2011. Drilling and trenching at Nuurst will continue through until mid-November.
TVN continues to review the potential acquisition of other coking and thermal coal projects in Mongolia.
In other TVN news, the company has appointed Daniel Rohr to the position of chief financial officer. Rohr has 20 years management, corporate advisory, finance and accounting experience working for a number of listed and unlisted companies.
With the arrival of two additional drilling rigs in recent weeks, the rate of drilling has increased and three holes recently completed support the revised exploration target and demonstrate the extent of the Nuurst Project coal seam development in the south western limb of the Nuurst Licence.
Coal seam development has now been defined to the full 1.5 kilometre width of the licence in this area and for a length of at least 3 kilometres from the southern boundary to the north which remains open.
In this area the coal seam development appears to be bound by the licence boundary, remaining open to the north.
Trenching activities in the area of the fault in the south eastern portion of the targeted resource area have extended the sub-cropping coal sequence for over 700 metres of strike length, extending south westerly from US coal miner Peabody Winsway Resources’ Tsaidam Deposit, which contains a Mineral Resource of 149.7 million tonnes.
The Nuurst Project covers 34.5 square kilometres and is located 120 kilometres south of the Mongolian capital Ulaanbaatar, in an area with a number of operating coal mines.
Nuurst is 6 kilometres from existing rail infrastructure providing low cost access to the key coal export markets of China, South Korea and Japan.
The project has a 200 to 300 million tonne exploration target, which covers less than 15% of the overall licence.
To date TVN has completed more than 3000 metres of drilling and is aiming to define a JORC Resource by the end of 2011. Drilling and trenching at Nuurst will continue through until mid-November.
TVN continues to review the potential acquisition of other coking and thermal coal projects in Mongolia.
In other TVN news, the company has appointed Daniel Rohr to the position of chief financial officer. Rohr has 20 years management, corporate advisory, finance and accounting experience working for a number of listed and unlisted companies.
Comments
Post a Comment