12:31 AEST Mar 18, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) -
Aspire Mining Limited (ASX: AKM) (PINK: ASPXF) is pleased to advise that it has received additional coal quality data relating to the Company's Ovoot Coking Coal Project's 2010 resource drilling programme. The Company has now received two batches comprising 124 samples or 36% of the total samples to be received.
The combined results for the two batches continue to demonstrate a very high theoretical yield of 87% to produce a simulated product with a 7.7% ash content and a CSN of 8.7.
Note that there is no thermal coal fraction.
Coal washability test work involves float/sink tests and froth flotation using a specific gravity cut off of 1.6. With such low ash results it is likely that not all of the raw coal will need to be washed to produce a high quality blended product.
Raw Coal Analysis
An additional batch of Raw Coal sample analysis has also been received. The Company now has received 75% of all samples from the 2010 drilling programme. The results continue to demonstrate a high quality raw coal.
Table 1: Raw coal quality results
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Coal type IM ad% Ash ad% Volatiles Sulphur CSN Energy
ad% ad% kcal/kg ad
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Raw Coking 0.7 20.2 26.7 1.1 7.5 6,541
Coal Quality
(In Situ)
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All results have been provided by SGS Laboratories in Tianjin, China.
Commencement of the 2011 Drilling Programme
The Company has mobilised and commenced its 2011 exploration programme at the Ovoot Coking Coal Project. The initial drill rig is currently infill drilling an appropriate site to establish a 'Direct Ship Ore' operating open pit. A second drilling rig will be mobilized by the end of March to target the resource extension drilling targets presented by the recently completed 2-D seismic programmes.
About Aspire Mining Limited:
Aspire Mining Limited (ASX:AKM) is an ASX listed resource company focused on developing world class quality coking coal projects in Mongolia. The Company acquired 100% of the Ovoot Coking Coal Project and the Nuramt Coal Project in February 2010. Drilling at the Ovoot Coking Coal Project commenced in April 2010 and has now established a significant maiden 330.7 million tonne JORC Resource.
The Company has three quality coal projects in Mongolia and is looking to aggressively develop this portfolio further in the coming year.
Contact:
David Paull
Managing Director
Aspire Mining Limited
Tel: +61-8-9381-1995
Email: info@aspiremininglimited.com
http://www.aspiremininglimited.com
