Drilling Report

RNS Number : 4578X

Edenville Energy PLC

15 February 2012

 

15^th February 2012

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

Mkomolo Drill Results, Rukwa Coal Project, Tanzania

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces  receipt of the final Mkomolo deposit float and sink drill assay results, from the 2011 resource delineation drill programme at the Rukwa Coalfield project in South Western Tanzania.

Highlights:

·         Remaining Mkomolo float and sink sample results received

·         Further positive indications for coal mineralisation

·         All sample data forwarded to resource estimation consultants

Simon Rollason, Chairman of Edenville, commented today; "These drill results continue to demonstrate the northward extension to the coal mineralisation identified during the 2011 field season.  The data indicates a thickening of the coal bearing strata, within the northern part of the basin tested, which at this time remain open-ended to the north and at depth. The receipt of these final float and sink sample assay results from the Mkomolo drilling allows us to begin undertaking the resource estimation. I look forward to announcing a JORC resource in due course."

Contact:

Edenville Energy plc
Simon Rollason - Chairman Rakesh Patel - Finance Director www.edenville-energy.com	[phone]
ZAI Corporate Finance Ltd
Ray Zimmerman/ Marc Cramsie	[phone]
Newgate Threadneedle
Laurence Read/Richard Gotla	[phone]

Coal Quality and Resource Testing

Additional Float & Sink analysis from holes MK11-17, MK-11-18 and MK11-19, cored in the 2011 drill programme has now been received from the Inspectorate Laboratory in South Africa. This analysis indicates the amount (% yield) and quality of coal that could be obtained from the deposit by mining and processing.

The drillholes are located in the northern part of the Mkomolo basin which remains open-ended both to the north and down dip. All holes were drilled vertically.

Coal bearing strata were intersected in all holes reported and further supports the observation made in the drilling that the coal measures and associated coal bearing strata thicken progressively northwards through the basin.

Extracts from the results are summarised below:

Hole No.	From	To	Interval	Moisture	Ash	Volatile	F.C.	Sulphur	Gross C.V.	Cumulative Yield
	(m)	(m)	(m)	%	%	%	%	%	MJ/kg	%
MK11-17	256.47	258.09	1.62	4.5	35.7	25.6	34.25	2.32	18.0	64.3
MK11-18	224.45	226.28	1.83	4.2	37.6	25.2	32.91	3.55	17.3	51.6
	228.78	231.17	2.39	4.4	27.3	30.6	37.74	2.72	21.4	58.2
	231.17	232.44	1.27	4.7	29.4	30.2	35.78	3.66	20.6	50.4
	260.19	261.13	0.94	3.5	32.2	27.5	36.78	3.06	19.9	66.0
	265.07	266.00	0.93	3.4	34.0	24.8	37.86	3.20	19.2	42.7
MK11-19	101.60	103.92	2.32	4.5	33.5	27.4	34.61	2.09	18.9	36.2
	103.92	106.60	2.68	4.3	28.0	29.3	38.37	2.98	21.1	54.6
	109.23	109.82	0.59	4.4	31.4	27.8	36.41	3.93	19.6	32.4
	113.15	115.06	1.91	4.3	35.4	25.8	34.54	1.82	18.0	38.1
	124.92	125.87	0.95	4.5	30.9	24.4	40.18	2.09	19.8	46.6
	127.18	128.66	1.48	4.7	36.2	22.3	36.77	2.28	17.5	38.7

Cumulative Results from Fractional analysis (Results are reported on an air-dry basis)

 F.C. - Fixed Carbon, C.V. - Calorific Value

Resource Estimation

The maiden JORC compliant resource estimation will be undertaken by the consultants engaged for this exercise, Wardell-Armstrong International ("WAI"), a leading international consultancy in the Coal Industry. They will initiate an audit of results prior to undertaking the resource modelling.

In accordance with the AIM Rules, the information in this announcement has been reviewed by Mark J. Pryor, Managing Director of Edenville Energy PLC, a qualified geologist with over 25 years' experience.

 

END

 

 

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