Newera Resources targets new coal areas at Shanagan in Mongolia
Newera Resources (ASX: NRU) will test for extensions of known coal seams with a new drilling program at the Shanagan East Coal Project (Shanagan Project) in Mongolia.
The previous drilling programs at Shanagan have confirmed a near surface deposit of high calorific value black coal. There has also been reports of coking coal from other explorers to the north of Newera's permit - increasing the prospectivity of the area.
The third round program will comprise six holes for around 600 metres. Newera has an exploration target of between 66 and 111 million tonnes of coal at Shanagan.
The importance of the new drilling program is the potential to increase the exploration target and complete a maiden JORC Resource.
Newera will also drill into the potential new coal zones identified from the interpretation and modelling of the recently completed 15 line-kms Induced Polarisation survey which highlighted several drilling targets.
The previous drilling programs at Shanagan have confirmed a near surface deposit of high calorific value black coal. There has also been reports of coking coal from other explorers to the north of Newera's permit - increasing the prospectivity of the area.
The third round program will comprise six holes for around 600 metres. Newera has an exploration target of between 66 and 111 million tonnes of coal at Shanagan.
The importance of the new drilling program is the potential to increase the exploration target and complete a maiden JORC Resource.
Newera will also drill into the potential new coal zones identified from the interpretation and modelling of the recently completed 15 line-kms Induced Polarisation survey which highlighted several drilling targets.
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