SouthGobi Energy Resources Confirms High Quality Metallurgical Coking Coal at the Mamahak Coal Project in East Kalimantan, Indon
05 Novembre 2008 - 2:30PM
Marketwired
Peter Meredith, Chief Executive Officer of SouthGobi Energy
Resources Ltd. (TSX VENTURE: SGQ), and Gene Wusaty, Chief Operating
Officer, Coal Division, announced today that the company has
received independent laboratory analysis of a recent bulk sample
that confirms high volatile, high-fluidity metallurgical coking
coal at the Mamahak coal project in East Kalimantan, Indonesia.
SouthGobi owns 85% of the Mamahak coal project with provisions to
increase its ownership position to 100%.
The bulk sample was taken on the South-West Resource Block
within the MCM concession and was comprised of proportioned
blending of several coal seams from an area where the company plans
to commence mining in the first quarter of 2009. The MCM concession
area under development at Mamahak is located approximately 30
kilometres from the Mahakam River, a major coal transportation
route. The company plans to use barges to transport coal to
ocean-going vessels.
The proximate analysis and related testing of the bulk sample
raw coal was prepared by PT Geoservices Ltd. of Jakarta, Indonesia.
The following table summarizes the quality data gathered from the
bulk sample.
MCM Concession: results from bulk sample on the South-West Resource Block
--------------------------------------------------------------------------
Fixed
TM IM Ash VM Carbon Sulphur CV CV
(ARB) (ADB) (ADB) (ADB) (ADB) (ADB) (ADB) (DAF) FSI
% % % % % % kCal/kg kCal/kg (CSN)
--------------------------------------------------------------------------
3.05% 1.87% 8.31% 40.91% 48.91% .85% 7,652 8,519 7 1/2
7 1/2(i)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Gieseler
Max. Mean Max Total Total
Fluidity Reflectance Reactives Vitrinite
Chlorine Phosphorus HGI ddpm R degrees % %
--------------------------------------------------------------------------
.01% .007% 49 13,560 .71 97.6 84.2
17,408(i)
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(i) Denotes Check sample result
TM - Total Moisture; CV - Calorific Value; CSN - Crucible Swelling Index;
IM - Inherent Moisture; VM - Volatile Matter
ADB - Air Dry Basis; DAF - Dry Ash Free; FSI - Free Swelling Index;
ARB - As Received Basis, HGI - Hardgrove Grindability Index
"The Company believes these results further confirm that coal
products from the Mamahak Coal Project will be well received and
valued as an attractive component in metallurgical coke blends,
particularly in Asia," Mr. Wusaty said.
PT Multi Mamahak Batubara (PT MMB), the Company's Indonesian
subsidiary based in Jakarta, Indonesia, is distributing
introductory coal samples from the bulk sample to Asian Steel Mills
for further testing and market introduction.
Other project developments include:
- Local Indonesian Government approvals have been received which
allows for the expedited development of surface coal mining in the
APL block within the southern portion of the MCM Concession.
- A total of 121 holes have been drilled and geophysically
logged in the south-west area within the MCM concession APL block.
At least four separate coal seams ranging in thickness between 0.4
metres to 1.25 metres have been confirmed.
- A total of 172 holes have been drilled and geophysically
logged in the E1, E2 and E3 resource blocks, which are located in
the south-southeast area of the MCM KP.
- In addition to the ongoing quality assessment of the
south-west block, a total of 136 drill core samples have been taken
in the south-west and east block, for coal quality analysis.
- All the current exploration data has been transferred to the
company's geological consultant, SMG Consultants in Jakarta for
coal deposit modeling and National Instrument 43-101 compliant
resource estimate and classification. Completion of this report is
scheduled for the fourth quarter 2008.
- The Company has commenced site preparation at the wet season
terminal on the Mahakam River and has rented a temporary
construction camp at this location.
SouthGobi recently increased its ownership in the Mamahak Joint
Venture to 85% from 56%. The Mamahak Project is ideally located to
supply the Japanese, Korean, Indian and Chinese coastal markets and
complements SouthGobi's established operating coal mine, Ovoot
Tolgoi, in southern Mongolia.
Gene Wusaty, SouthGobi Energy's Chief Operating Officer, a
qualified person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this
release.
About SouthGobi Energy Resources
SouthGobi Energy Resources is focused on exploration and
development of its Permian-age metallurgical and thermal coal
deposits in Mongolia's South Gobi Region and its Eocene-age
metallurgical coking and thermal coal deposits in East Kalimantan,
Indonesia. The company's flag-ship coal mine, Ovoot Tolgoi, is in
production and selling coal to customers in China. The company
plans to supply a wide range of coal products and electricity to
markets in Asia. The company also is investigating the
implementation of clean-coal technologies in the development of
coal power-generating capacity to benefit all of its
stakeholders.
The company's metals division is focused on the exploration and
development of its copper and gold projects in Mongolia and
Indonesia.
Forward-Looking Statements: This document includes
forward-looking statements. Forward-looking statements include, but
are not limited to, the company plans to commence mining coal in
the first quarter of 2009, the company's plans to use barges to
transport coal to ocean-going vessels, the company's plans to
complete coal deposit modeling and National Instrument 43-101
compliant resource estimate and classification in the fourth
quarter of 2008, that coal products from the Mamahak Coal Project
will be well received and valued as an attractive component in
metallurgical coke blends, the company's future ability to supply
coal products and electricity to markets in Asia, and other
statements that are not historical facts. When used in this
document, the words such as "could", "plan", "estimate", "expect",
"intend", "may", "potential", "should", and similar expressions are
forward-looking statements. Although SouthGobi Energy Resources
believe that the expectations reflected in these forward-looking
statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements. Important
factors that could cause actual results to differ from these
forward-looking statements are disclosed under the heading "Risk
Factors" in SouthGobi Energy's Management's Discussion and Analysis
of Financial Condition and Results of Operations for the three
months ended June 30, 2008, and its Annual Information Form dated
March 28, 2008 which is available at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: SouthGobi Energy Resources Ltd. Steven Feldman
Investors (604) 681-6799 SouthGobi Energy Resources Ltd. Bob
Williamson Media (604) 681-6799 Website: www.southgobi.com
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