Aspire Mining commences coal exploration project
Aspire Mining Limited announced that the Ekhgoviin Chuluu Joint Venture (ECJV; an Aspire/Noble Group JV), has agreed to initiate an exploration drilling programme at the Nuurstei Coal Project.
The ECJV holds a 60% interest in the Nuurstei Project, which could be increased to 90% upon completion of a number of development milestones.
The drilling programme will commence in August 2014, following receipt of regulatory approval for an environmental plan submitted prior to the acquisition. Drilling will target the northern part of the Nuurstei Project tenement area, and consist initially of 20 holes at an average depth of 100 m.
Previously, an 11 hole drilling programme was completed in this area in 2011, with most of the drilling focused on the northern region.
After reviewing the available data, the ECJV approved a 20 hole drilling programme with a budget of US$ 500,000. The programme is designed to confirm resource continuity to enable preliminary economic assessment, as well as to provide samples for testing.
Drilling is expected to be completed by the end of September 2014, with laboratory analysis due to be received in Q4.
Adapted from press release by Katie Woodward
Read the article online at: https://www.worldcoal.com/coal/01082014/aspire-mining-jv-commences-exploration-drilling-at-coal-project-1157/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.
