SUBIACO WA 6008 Ph: (08) 9217 3300PO Box 1273 SUBIACO WA 6904...

SUBIACO WA 6008 Ph: (08) 9217 3300
PO Box 1273 SUBIACO WA 6904 Fax: (08) 9388 3006
_______________________________________________________________________________
28 July 2011
Coal sequence thickens to 192 m,
Nuurst Project, Central Mongolia
? Continued significant coal sequence 192 m thick
? Multiple seams, including a single seam 115.5 m thick
? Initial assays confirm high quality Mongolian thermal coal with a CV of 6635
kcal/kg (daf)
The Directors of TVN are pleased to announce the following additional information
pertaining to the exploration and due diligence of its Nuurst Project in central Mongolia.
The second hole (NDH-02) was drilled to a final depth of 314m, still within coal measures,
comprising a sequence of multiple coal seams 192 metres thick. Within this sequence there is
a cumulative coal thickness of 148m, including a single coal seam thickness of 115.5 m.
Based on bedding within the drill holes, the various seams appear to dip from 20 to 30 degrees
and no true thickness has yet been determined.
NDH-02 is located 400 m north and along strike of the previously announced hole NDH-01.
NDH-02 clearly indicates an extension of the substantial coal seam intersected in NDH-01.
Figure 1: typical core from hole NDH-02
Core from this hole has now been submitted to SGS Laboratories in Ulaanbaatar.
Assays from Hole NDH-01 have now been received and confirm the anticipated thickness and
quality parameters of the 124 m of multiple thermal coal seams intersected. Detailed
proximate analyses demonstrate a high degree of consistency in the quality data. Table 1
below outlines the overall average for the 13 sample plies assayed:
Table 1: Coal quality data. (Note: adb = air dried basis, db = dry basis, daf = dry ash free)
Figure 2: location of drill holes and trench completed to date
The exploration programme will continue with the aim of defining a JORC reportable Coal
Resource covering part of the south western portion of the deposit by the end of 2011. Figure
2 above outlines the location of the two drill holes and trench completed to date.
TVN will shortly issue a Notice of Meeting to approve the acquisition of the Nuurst Project.
Having fulfilled the technical due diligence requirements to purchase the Nuurst Project, the
focus will now shift to defining a JORC reportable Coal Resource and as such, TVN will not
be reporting on a hole by hole basis.
Concurrently with the continued exploration of the Nuurst Project, TVN continues to assess
other thermal and coking coal opportunities within Mongolia.
Chris Mardon
Managing Director
Competent Person Statement
The information in this announcement that related to exploration results is based on
information obtained from the vendor and Cadastral archives in Mongolia. This information
has been reviewed by Mr Geoff Richards of CSA Global Pty Ltd, Western Australia. Mr
Richards is a member of the Australian Institute of Geoscientists and has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify as a competent person as defined in the 2004
Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves?. Mr Richards consents to the inclusion in the report of the matters based
on his information in form and context in which it appears.
About the Nuurst Project:
Nuurst is a 3,451 Ha exploration licence located 120kms south of Ulaanbataar in an area with
a number of operating coal mines. Nuurst is 6km from existing rail infrastructure providing
low cost access to the key coal export markets of China, South Korea and Japan.
GPM Mineral Exploration Company is a Mongolian based company that has been engaged by
TVN to conduct the exploration programme on the Nuurst Project.
Preliminary lithological log NDH-02