BTE-1: 60m coal thickness from surface, estimated to comprise one major seam BTE-2: 40m coal thickness commencing at 89m depth, estimated to comprise one major seam
"At the time of this announcement, drilling of a third hole (BTE-3) was underway."
The coal seam intersected in BTE-1 was cored and the geophysics? logged indicated consistently hard coal for 36m, of the 60m coal intersection, commencing at a depth of 10m from surface.
The intersected coal seam in BTE-2 was also cored and logged in entirety indicating consistently hard coal for 30m, of the 40m coal intersection, commencing at a depth of 89m.
The core has been sent to the SGS laboratory in Ulaanbaatar for quality analysis including coking coal test work.
Details of these results will be provided to the market when they become available.
CEO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
