Source: Aspire Mining Limited                              date: 21 September, 2011

A new coal seam was discovered by Aspire Mining 4 kilometers away from its Ovoot coking coal project. Drilling has begun to determine the resource potential.Four drilling rigs are operating near Aspires Ovoot site in Northern Mongolia to determine the resource potential of the area. The company has completed 5,000 meters of exploration drilling as part of its 2011 program in addition to geo-technical and hydrological drilling. Another 5,000 meters of exploration is expected before the end of this year.
The uncovered coal was described as hard, bright or sugary. Further analysis is needed to estimate how far the seam runs.“We have pre-collared a number of the holes to start core drilling to get coal quality and determine the extent and orientation of the mineralization,” said Aspire Managing Director David Paull. “This will include whether the coal shallows and thickens as we head further south towards the resource area.Previous exploration helped determine Aspire strategy to target mapped Jurassic age sediments where the depths of potential coal is relatively shallow and to trace the base of those sediments into deeper sections of the basin where thicker coal accumulations are expected. Aspire plans to utilize a magnetic program to determine the structure and shape of the Ovoot Basin and to help identify shallow seams.A change to the fleet of drill rigs at the site will be made for greater flexibility in exploration activities.Aspire Mining is an Australian-based exploration company focused on discovering and developing coal deposits. Its primary focus is Mongolia where it is developing its Ovoot project. Other assets include Nuramt, Shanagan, Jilchiigbulag, and the Zavkhan project.