Operations update, Tanzania

RNS Number : 1155D

Edenville Energy PLC

11 May 2012

 

11^th May 2012

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

Operations Update, Tanzania

Highlights

·    Drill rig to be mobilised at Rukwa Coalfield in order to:

o Upgrade and expand the current Inferred Resource at Mkomolo

o Commence phase II drilling at Namwele

o Test drill the Muze project

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces that Layne Drilling International have confirmed that the drill rig will arrive on sitethe week commencing May 14th to initiate the drill programme recommended by consultants Wardell-Armstong International ("WAI"). The  objective of the drilling programme is to upgrade and expand the current maiden Inferred Resource at Mkomolo of 39 Million tonnes to a JORC compliant Measured and Indicated resource, in addition to drilling at the Namwele deposit and commencing drilling at the Muze portion of the Rukwa Coalfield Project in South Western Tanzania.

Mobilisation of men and material will take approximately 7 days with drilling due to commence by the end of May. Drilling will initially involve the cleaning and casing of several of the 2011 drillholes to complete downhole geophysical logging, allowing. more accurate correlation between boreholes and a greater confidence in the projecting the coal measures. This work is fundamental to  the upgrading from 'Inferred' to 'Measured and Indicated' Resource status, as defined under JORC rulings. 

The geophysics will take approximately two weeks to complete, after which the in-fill drilling at Mkomolo will commence. A15 to 18 hole program has been laid out by WAI which is anticipated to take approximately three months to complete. The drill rig will then be moved to Namwele and then Muze.

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. Dr. Lowman of Wardell-Armstrong, a leading international consultant in the Coal Industry with over 30 years' experience is overseeing the project and produced the planned drilling infill/step out program at Mkomolo.

For the full drill results, already published, please see the following PDF http://www.rns-pdf.londonstockexchange.com/rns/1155D_1-2012-5-10.pdf Simon Rollason, Chairman of Edenville, said today; "This is the next step in our program of upgrading and increasing our resource base at Rukwa. We are highly encouraged by the results of the maiden resource at Mkomolo announced in April of this year, and look forward to expanding on this figure during the planned exploration program."

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
Graham Herring/Richard Gotla	[phone]

 

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