FSE fuse minerals limited

2 the future, page-2

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 1,881 Posts.
    Venmyn reports a JORC compliant coal resource estimate for the Vetleegte property of:
    • Coal Resource Estimate (Inferred) Vetleegte Property 508 million tonnes
    Firestone has been informed by its joint venture partner, Sekoko Resources (Pty) Limited
    (“Sekoko”) that drilling of a 14 diamond drill hole programme has commenced at the
    Vetleegte coal property. This is the first of several drilling programmes, which will utilise both
    diamond and reverse circulation drilling methods, that have been designed to provide a drill
    coverage over the property on a better than 500m grid spacing.
    It is anticipated that drilling will commence at Olieboomsfontein immediately thereafter, in the
    area surrounding an historic borehole where multiple coal seams were logged from 23m
    beneath ground surface to 142m depth, including intervals of 55m of coal zones 6-11
    (including parting waste), 5m of zone 5, 8m of zone 4, 5m of zone 3 and 2m of zone 2.
    As announced to the market on 18 June 2008, the Company has the right to earn a 55%
    participation interest in two coal projects, Vetleegte and Olieboomsfontein in the Waterberg
    region of South Africa, under a recently signed joint venture agreement with Sekoko.

    we should see some results very soon i would think possibly within the next 3 weeks stay tune
 
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Currently unlisted public company.

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