🕐19.05.10 - 13:21 Uhr
Beacon Hill Resources plc commences drilling at Minas Moatize coal project in Tete, Mozambique
Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining
19 May 2010
Beacon Hill Resources Plc (Beacon Hill or the Group)
Drilling Work Commences at Minas Moatize Coal Project in Tete,
Mozambique
Beacon Hill Resources Plc (AIM: BHR), the AIM listed resource company,
is pleased to announce the commencement of an extensive drilling and
testing programme at the recently acquired Minas Moatize coal mine in
the Tete Province of Mozambique.
The Minas Moatize coal mine, which was
acquired by BHR Mining Limited (BHR Mining), Beacon Hills 49% owned
associate and in which the Group has an option giving exclusive right to
increase its interest to 75%, is the only operating mine in the globally
significant coking coal region of Tete.
This drilling programme is
designed to expand and further define the current 33 million tonne
resource, in addition to enabling mine design and the finalisation of
the coal handling and preparation plant (CHPP) design.
Beacon Hill Executive Chairman Justin Lewis said, "The commencement of
exploration work at Minas Moatize is an important development in our
overall strategy to maximise the value of our interest in this project.
Importantly, the Minas Moatize mine is currently producing thermal coal
for domestic markets, providing us with immediate cash flow,
facilitating the continued upgrading and refurbishment of the mine and
thus enabling a significant increase in coal production in the near
term.
In addition to this, we will continue with our development
programme in order to upgrade and expand our JORC compliant resource,
providing further uplift and crystallising value for our shareholders."
BHR Mining has initiated a development programme with drilling at 250
metre intervals to bring the entire resource category to measured
status, prove expected additional resources and allow mine planning to
be conducted with increased certainty.
Drill holes will be placed close
to the proposed western boundary to accurately define the boundary and
close off the western extent of the resource.
BHR Mining intend to drill five fully cored drill holes inclined at 45
degrees to the east, designed to intersect any minor dykes or faults
that may not have been detected to date by previous drilling programmes.
Three holes will be drilled through the Chipanga Seam into the Sosapinto
seam 20 metres below the Chipanga Seam to prove additional reserves.
Should the holes drilled into the Sosapinto Seam intersect coal, 200mm
holes will be drilled at two of the sites to obtain sufficient core for
a full evaluation of the washability properties of the two seams and
complete full testing and analysis of the coking coal properties.
Resource Drilling Mozambique has been selected to complete the drilling
programme and GAP Geophysics from South Africa has been appointed to
record detailed logging of the holes.
Mr.
Hennie Davel, a geologist
with experience in the Moatize Basin, has been appointed as the
geologist to lead the exploration programme.
The core samples will be
tested at the ACIRL laboratories in either South Africa or Australia.
**ENDS**
For further information on the Group, visit: www.bhrplc.com
or contact:
Justin Lewis
Chairman, Beacon Hill Resources Plc
+61 (0) 3 8637 1540
+61 439 162369
William Vandyk
Astaire Securities Plc
+44 (0) 20 7448 4400
Susie Callear
St Brides Media & Finance Ltd
+44 (0) 20 7236 1177
Susie Callear
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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