Drilling Report

RNS Number : 6484P

Edenville Energy PLC

06 October 2011

 

6^th October 2011

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

10 Assayed Borehole Results, Rukwa Coal Project, Tanzania

Highlights:

·    Rukwa Coalfield - previously producing near-surface coalfield

·    Mkomolo and Namwele basins - primary targets for coal resource delineation

·    Initial Mkomolo diamond drilling underway:

o    19 boreholes completed to date, coal bearing strata identified over 6,500m lateral strike distance, depth in excess of 230m

o    11 boreholes assayed to date, 10 boreholes returned coal results

·    10 assayed borehole results reported today:

o    Calorific Values up to 26.40 MJ/kg range

o    Coal appears to be thickening to the north of the basin

o    Testwork underway to determine the washability parameters, including the % yield of coal at a specific quality

·    Drilling operations to mobilise to Namwele at completion of Mkomolo area

·    Objective: Rapidly define a JORC compliant coal resource and assess Rukwa suitability for near term, open pit coal production

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces new assay results from the resource delineation drill programme at the Rukwa Coalfield project in South Western Tanzania. Management believe the assayed results to be highly encouraging and will continue exploration drilling in order to build a JORC complaint resource at Rukwa.

Drilling operations commenced in late July 2011 at the Mkomolo Basin of the Rukwa Coalfield. To date 19 boreholes for 2,266.10m have been completed with coal bearing strata identified over a lateral strike distance of 6,500m and to a depth in excess of 230m. The coal bearing strata or Coal Measures remains open ended both along strike to the north and at depth down dip to the west. Once the Mkomolo Basin drilling is completed in October the drilling rig will move south to the Namwele Basin.

Assay Results (results tabled in appendix)

As the drilling has stepped northwards through the Mkomolo basin the coal, and Coal Measure sequences, are thickening. The latest hole, MK11-019, has intersected Coal Measures of 39m in thickness, within which 10 metres of coal rich horizons are present. The drilling programme and associated core handling procedures is being overseen by Dr. R. Lowman of Wardell-Armstrong International, a leading international consultant in the Coal Industry with a view of estimating the Coal Resources to international reporting standards before the end of the year.

The Raw Coal results from the additional 9 boreholes, all drilled vertically, with coal have calorific values of the coal rich horizons varying from some 20.24 to 26.40 MJ/kg (41 samples). The remaining samples of interbedded carbonaceous mudstones and sandstone between the coal rich horizons are of lower quality. Float and Sink Analysis test work is now being conducted on several of these intersections in order to determine the washability parameters, including the % yield of coal at specific quality.

The coal bearing strata, defined here as the Karoo Coal Measures, intersected by the boreholes comprises an interlaminated/interbedded sequence of coals and mudstones, which include coal rich horizons comprising a high proportion of coal. Borehole MK11-05 drilled in the extreme southern portion of the Mkomolo Basin, intersected a very thin coal unit of <5cms in contact with the underlying basement gneisses and therefore defines the southern limit to this area. The remaining nine boreholes reported today all intersected the Karoo Coal Measures with thicknesses varying from 1.78 to 18.45m within which the thickness of the coal rich horizons varies up to 8m.  

Edenville will continue with testwork and following conclusion of drilling at Mkomolo will mobilise the drilling team to the Namwele Basin of the Rukwa coalfield. The Company strategy is to rapidly establish a defined JORC resource at the primary Rukwa areas. Current indications are that the coal, with appropriate processing, is suitable for use for power generation. The predicted demand for electricity in the southern African region, particularly Tanzania, bodes well for the development of the project.

In accordance with the AIM Rules, the information in this announcement has been reviewed by Mark Pryor, Managing Director of Edenville Energy  PLC, a qualified geologist with over 25 years' experience and Dr. R. Lowman of Wardell-Armstrong International, a leading consultant in the Coal Industry with over 30 years' experience.

Commenting today Simon Rollason, Chairman of Edenville, said; "These latest results are very encouraging and significantly the drilling has shown that the Coal Measures increases in thickness as we head northwards away from the previously known coal outcrops at Mkomolo. The Coal Measures in this newly discovered extension remain open-ended to the north and will be investigated further once the current drilling is completed. I look forward to updating shareholders on progress as drilling continues and further results are received."

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]

APPENDIX I

Hole_ID	From (m)	To (m)	Interval (m)	Moisture (%)	Ash (%)	Volatile (%)	F.C. (%)	Sulphur (%)	Gross C.V. MJ/kg	Gross C.V. Kcal/kg
MK11-02	53.43	53.84	0.41	5.0	44	23	29	5.54	15.20	3,631
	54.12	54.21	0.09	5.9	34	26	34	6.38	18.26	4,361
	54.31	54.55	0.24	4.6	38	25	32	5.03	16.99	4,058
	54.55	54.78	0.23	6.3	29	29	36	7.37	19.87	4,746
	55.42	55.59	0.17	3.3	51	21	25	14.75	13.01	3,107
	55.59	55.79	0.20	3.3	47	23	27	8.86	14.00	3,344
	55.79	55.89	0.10	3.7	47	23	27	6.51	14.19	3,389
	55.89	56.12	0.23	4.3	38	33	26	8.71	17.72	4,232
	56.12	56.20	0.08	5.3	33	28	34	7.24	19.30	4,610
	56.76	56.86	0.10	4.3	41	26	28	8.26	16.54	3,951
	57.16	57.40	0.24	2.9	65	17	15	3.25	7.18	1,715
MK11-03	55.20	56.10	0.90	3.0	58	17	22	7.12	9.75	2,329
	56.10	56.55	0.45	3.5	56	18	23	5.08	10.74	2,565
MK11-04	70.58	70.70	0.12	6.3	54	19	21	13.49	11.54	2,756
MK11-05	No significant interval
MK11-06	89.62	90.32	0.70	8.5	15	35	41	5.17	25.11	5,998
	91.00	92.20	1.20	5.9	24	32	38	5.30	21.89	5,228
MK11-07	92.67	93.10	0.43	6.1	34	29	30	4.55	18.14	4,333
	93.65	94.15	0.50	6.3	32	32	30	7.61	19.25	4,598
MK11-08	30.72	30.82	0.10	5.7	33	30	31	9.41	18.73	4,474
	36.34	36.46	0.12	5.8	23	33	38	6.27	22.21	5,305
	36.86	36.92	0.06	3.0	63	17	17	3.55	7.65	1,827
	37.89	38.01	0.12	4.3	35	29	32	12.34	17.96	4,290
	38.27	38.60	0.33	4.5	51	22	23	6.47	12.22	2,919
	38.79	38.88	0.09	5.4	65	16	14	1.78	6.97	1,665
	38.96	39.18	0.22	8.0	21	34	36	5.74	22.52	5,379
	39.45	39.53	0.08	7.3	24	32	37	4.06	21.60	5,159
	39.78	39.92	0.14	6.4	21	35	38	3.75	22.70	5,422
	40.00	40.16	0.16	6.9	35	23	35	4.64	16.81	4,015
	40.16	40.32	0.16	5.8	21	29	44	4.93	22.52	5,379
	43.50	43.60	0.10	6.0	21	33	40	6.12	22.64	5,408
	44.26	44.34	0.08	6.8	25	32	37	3.55	21.10	5,040
	44.72	44.79	0.07	6.2	25	33	36	3.47	21.04	5,025
	45.02	45.13	0.11	6.2	26	36	33	5.00	20.80	4,968
	45.95	46.05	0.10	7.1	22	28	43	5.17	22.15	5,291
MK11-09	63.00	63.07	0.07	4.0	45	19	32	6.43	14.58	3,482
	63.37	63.44	0.07	4.7	23	32	40	8.24	22.98	5,489
	64.00	64.15	0.15	5.8	22	35	37	4.64	23.02	5,498
	64.70	64.80	0.10	5.4	23	34	38	5.68	22.95	5,482
	65.75	65.88	0.13	4.9	35	29	31	3.86	18.08	4,318
	65.94	66.44	0.50	5.8	19	36	40	6.43	24.44	5,837
	66.65	66.80	0.15	6.6	28	26	39	3.08	21.04	5,025
	67.64	67.82	0.18	4.2	27	33	36	7.94	21.29	5,085
	68.02	68.27	0.25	5.8	21	35	38	7.60	23.70	5,661
	71.43	71.55	0.12	4.8	28	31	36	12.49	20.98	5,011
	72.90	72.95	0.05	5.1	18	33	45	3.97	24.56	5,866
	73.08	73.30	0.22	4.8	33	30	33	4.53	18.98	4,533
	73.67	73.74	0.07	6.4	18	35	41	4.49	24.25	5,792
	74.04	74.22	0.18	5.0	28	31	36	9.65	20.98	5,011
MK11-10	48.30	48.45	0.15	6.7	16	36	41	5.73	25.01	5,974
	49.85	50.00	0.15	5.0	18	36	42	7.67	24.46	5,842
	50.07	50.14	0.07	4.0	28	34	34	8.93	20.86	4,982
	50.30	50.46	0.16	5.1	24	30	41	4.70	22.43	5,357
	50.55	50.61	0.06	5.6	21	32	41	5.78	23.14	5,527
	50.77	50.87	0.10	5.4	16	35	43	4.01	25.05	5,983
	51.73	52.17	0.44	6.6	22	35	36	5.84	23.02	5,498
	52.90	53.15	0.25	5.6	29	31	35	7.27	20.67	4,937
	53.15	53.86	0.71	3.2	54	27	16	2.20	11.56	2,761
	53.86	54.23	0.37	3.3	57	23	16	4.75	10.30	2,460
	59.35	59.50	0.15	5.1	27	29	39	11.65	21.41	5,114
MK11-11	43.02	43.63	0.61	5.3	35	30	30	5.52	18.26	4,361
	44.62	44.7	0.08	5.4	18	36	40	3.92	24.54	5,861
	44.78	44.9	0.12	5.5	20	37	38	5.07	24.02	5,737
	45.18	45.3	0.12	5.4	20	36	39	5.66	23.82	5,689
	45.8	46.23	0.43	5.6	20	33	41	4.90	23.61	5,639
	46.64	46.75	0.11	4.6	30	30	35	7.89	20.24	4,834
	46.83	46.93	0.10	4.7	28	32	36	7.05	21.17	5,056
	47.03	47.12	0.09	5.6	13	38	44	5.16	26.40	6,306
	47.24	47.85	0.61	5.7	19	36	40	4.91	24.31	5,806
	48.03	48.3	0.27	4.4	32	29	34	5.08	19.43	4,641
	48.58	48.68	0.10	4.8	35	31	29	3.86	18.45	4,407
	55.37	55.46	0.09	6.1	21	30	42	11.28	23.32	5,570
	Results on air dried basis F.C. - Fixed Carbon, C.V. - Calorific Value

 

END

 

 

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