| TVN RAMPS UP DRILLING UPON LARGE COAL SEAM DISCOVERY |
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Source: TVN Corporation TVN Corporation has ramped up drilling at its Nuurst coal project. The firm confirmed a continuous thick coal sequence extending across the full width of the south-western limb of its licensed area. The arrival of two additional drilling rigs has aided increased drilling and the completion of three holes for its revised exploration target. The exercise is meant to demonstrate the extent of the Nuurst Project coal seam. The firm found the coal seam covers a 4.5 square-meter area within its licensed area. Trenching activities at the deposit have extended the subcropping coal sequence for over 700 meters of strike length, extending south-west of US coal miner Peabody Winsway Resources’ Tsadam deposit, containing 149.8 million tons. The Nuurst site covers 34.5 square-kilometers and is located 120 kilometers south of Ulaanbaatar. It is also six kilometers from existing rail infrastructure providing low cost access to the key coal export markets of China, South Korea, and Japan. The project has a 200 to 300 million ton exploration target, covering less than 15 percent of the overall license. |