🕐17.02.11 - 10:27 Uhr
Sable Mining Africa - results from Lubu coal field in Zimbabwe confirm high coking coal fraction
Sable Mining Africa Ltd/ Index: AIM / Epic: SBLM / Sector: Natural Resources
17 February 2011
Sable Mining Africa Limited (Sable Mining or the Company)
Second Batch of Results From Lubu Coal Field in Zimbabwe
Sable Mining Africa Ltd, the AIM listed resource company, is pleased to announce further results from its Lubu Coal Concession (Lubu), which covers 19,236 hectares of the highly prospective Karro Mid-Zambezi coal basin in the established Hwange (Wankie) mining district in north-western Zimbabwe.
The second batch of results received from the ALS laboratory in South Africa, were taken from five boreholes drilled at Lubu.
The results listed in Table 1 below confirm the high grades published in the recent results on 7 February 2011 and again underline the high coking coal fractions across multiple seams.
The Main Seam thickness ranged from 20.40m to 15.14m confirming the continuity of the coal formation.
The Swelling Indices were slightly higher peaking at 8.5, while the calorific values, ash content and volatility strongly correlated to the first batch of positive results.
Importantly the average yields have increased from 21% to 26% in the new batch of samples.
Table 1: Second set of five borehole results - Coking Coal Fractions
Borehole Number
1C
Thick
1B
Thick
1A
Thick
MAIN
Thick
Min/Max
Swells
Min/Max
CVs
Min/Max
ASH
Min/Max
VOLS
Average
YIELD
LCF008
7.82
5.95
5.71
19.10
3.0/8.5
25.38/33.02
3.7/22.2
30.2/38.1
21
LCF009
weathered
weathered
3.21
15.14
Weathered Coal
LCF011
2.99
5.67
7.83
19.78
3.0/7.5
25.44/30.79
5.0/20.0
29.7/34.7
27
LCF015
weathered
4.18
7.08
17.73
3.0/4.6
24.86/30.92
7.6/22.9
29.0/31.7
20
LCF021
6.30
5.12
6.57
20.40
3.0/7.2
25.42/30.62
8.2/23.4
29.3/34.4
36
Batch Ave
5.70
5.23
6.08
18.43
3.0/8.5
24.86/33.02
3.7/23.4
29.0/38.1
26
A total of 350 samples have now been submitted to the laboratory, of which 198 have been returned in two batches.
Results from the first batch confirmed an upward revision of the inferred resource to 360 million tonnes of Main Seam coal only.
No JORC or SAMREC compliant resource estimates currently exist for Lubu.
Phase 2 of the drilling programme has now commenced.
This will both in-fill the Phase 1 drill holes, in order to publish a JORC compliant resource on Lubu, and start the drilling of Area 2, which is south of the current drill location.
Two new targets within the Special Grant area have been identified that present a good opportunity for additional shallow coal which will also be explored in the near future, providing a further opportunity for an increase in the Companys resource tonnes.
Sable Mining CEO Andrew Groves said, "This second batch of results further confirms the potential for Lubu to host a large metallurgical and thermal coal deposit.
The continuity of data is excellent and the uplift in yield is an added positive.
Our aim is to rapidly advance Lubu through further drilling in order to upgrade the current 360 million tonne estimate and publish a JORC compliant resource."
The information in this announcement that relates to Mineral Exploration results and Mineral Resources, together with any related assessments and interpretations, have been reviewed by Johan Erasmus, a qualified geologist and consultant to the Company.
Johan Erasmus 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 qualified person as defined by the AIM Note for Mining and Oil & Gas Companies.
** ENDS **
For further information please visit www.sablemining.com or contact:
Andrew Groves
Sable Mining Africa Ltd
Tel: 020 7408 9200
Jonathan Wright
Seymour Pierce Ltd
Tel: 020 7107 8000
David Foreman
Seymour Pierce Ltd
Tel: 020 7107 8000
Robin Henshall
Matrix Corporate Capital
Tel: 020 3206 7000
Nick Stone
Matrix Corporate Capital
Tel: 020 3206 7000
Hugo de Salis
St Brides Media & Finance Ltd
Tel: 020 7236 1177
Susie Geliher
St Brides Media & Finance Ltd
Tel: 020 7236 1177
Susie Geliher
St Brides Media & Finance Ltd
Chaucer House
38 Bow Lane
London EC4M 9AY
T: +44 (0) 207 236 1177 | M: +44 (0) 7976 749 561 | F: +44 (0) 207 236 1188 | www.sbmf.co.uk
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