how today will pan out - part 3, page-111

Continental Coal’s drilling program intersects major coal intervals in Botswana
Tuesday, November 15, 2011 by Christine Feary Continental Coal (ASX: CCC) has intersected major coal-bearing carbonaceous zones at the Serowe Coal Project in Botswana.

Continental kicked off a 60 hole, 9,000 metre exploration program over the Serowe and Kweneng Coal Projects, which have a joint exploration target of 6-7 billion tonnes, in September, with initial drilling at Serowe.

Eight of the first 11 holes drilled at Serowe have intersected coal intervals, with intersections including 84.6 metres from 59.87 metres depth, 56.9 metres from 90.6 metres depth and 9 metres from 73.69 metres depth.

Up to 13 samples have been taken per hole, and have been wrapped and bagged, ready for transportation to laboratories in South Africa for testing.

Drilling at Serowe will continue through November.

In addition to the two drill rigs in operation at Serowe, Continental has mobilised a third rig to the Kweneng Project to commence a 10-hole program that will be completed in December 2011.

Initial test results from Phase 1 drilling are expected in late January 2012, and these will determine the final locations for the proposed Phase 2 drilling program.

Botswana represents a unique opportunity for Continental Coal to add significant resources in a highly strategic and important location to its total portfolio of African coal assets.

The Serowe Project is located immediately north of Botswana’s only producing thermal coal mine, the Morupule Coal Mine and the Kweneng Project is 25 kilometres west of Canadian listed CIC Energy’s (TSE: ELC) Mmamabula Coal Project