Operational Update

RNS Number : 4863R

Edenville Energy PLC

04 November 2011

 

4  November 2011

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

Operational Update, Rukwa Coalfields, Tanzania

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces the completion of drilling at the Mkomolo and Namwele basins at the Rukwa Coalfield project in South Western Tanzania

Highlights

·    Drilling at Mkomolo and Namewele basin now completed to a depth in excess of 230 meters

o 8 holes completed at Namwele for 934.30m and

o 2,585.10m in 22 holes at Mkomolo

·    Samples results being analysed by international consultants Wardell Armstrong International ("WAI"), for initial Resource Estimate at Mkomolo by year end.

·    Sufficient data compiled for delineated JORC compliant coal resource

The company has now completed the planned drill program at the Mkomolo and Namwele basins and has sent whole core samples to be processed at the Inspectorate Laboratory facility in South Africa. Following analysis of results Edenville intends to establish an initial JORC compliant coal resource at the Rukwa coalfield.

The drilling programme and associated core handling procedures is being overseen by Dr. R. Lowman of WAI, a leading international consultant in the Coal Industry. WAI will also be responsible for undertaking the proposed resource estimation.

Simon Rollason, Chairman of Edenville, commented 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." 

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]
Threadneedle Communications
Laurence Read/Richard Gotla	[phone]

 

END

 

 

DRLUGGMAGUPGGMW