quarterly & botswana results

Very happy with the Quarterly overall, esp. with the increase in export railings, revenue & earnings from Ferreira/Delta ops. Well done Don, Jason & team. Let's hope the Chinese & PL finally come through on VanMag. As Mikayla notes, it would be great timing to wrap up some of the key corporate transactions to coincide with the Indaba on 6 - 9 Feb. DT is presenting on 8th Feb: link

Wondering if any of the mining specialists/geologists here, like PSI, Hotrock1 or 5hareholder would like to have a crack at interpreting the Botswana results given so far (TIA):

... The drilling program of wide spaced (4km) boreholes at the Serowe Project on PL339/2008 and Pl340/2008 has defined the presence of major coal bearing carbonaceous zones in the central and northern portions of PL339/2008 and in the western and northern portions of PL340/2008.
These zones correlates to the main Tshimoyapula and Lechana Coal Basins and to a lesser extent to the Morupule Coalfield area. A number of diamond core boreholes were also drilled in the central and southern parts of PL339/2008 and eastern part of PL340/2008 as part of the Company’s requirement to relinquished part of the landholding as part of the renewal of the licenses.

The drilling program at the Kweneng Project PL341/2008 commenced late in the Quarter, with two rigs on site in late November. Drilling of KW07 and KW08 were completed during the Quarter before drilling works were stopped on 9 December, core logging and sampling continued until 15 December and sample despatch until 22 December. Drilling activities re-commenced subsequent to the Quarters end with the mobilisation to site of five rigs.

Preliminary results from the exploration program have indicated that the diamond drilling has intersected major coal bearing carbonaceous zones. Drilling on PL340/2008 on the north-western boundary of the license has indicated a coal mineralised strike length of approx. 20km and confirms previous historical results from exploration programs completed in the 1980s. Drilling on PL339/2008 on the north-eastern boundary, closest to PL340/2008 has further intersected major coal horizons and indicated a continuation of the identified coal horizons across from PL340/2008.

Boreholes across PL339/2008 and PL340/2008 with coal were geophysically logged by Poseidon Geophysics and the following parameters recorded: natural gamma, density and calliper. Samples have been taken from all the major coal horizons including inter-bedded coals and carbonaceous mudstones. Individual seams >1.0m thickness were sampled separately and sent to an accredited laboratory in South Africa for quality determination. Analytical results for these are pending and scheduled to be received by the Company in the current quarter.