Churchill Mining announces better than expected E. Kalimantan coal resource

Monday, April 14 2008 - 07:22 AM WIB

UK miner Churchill Mining Plc announced on Monday that initial JORC-compliant resource at East Kutai Coal Project (EKCP), East Kalimantan was 250 million tonnes, exceeding the company's initial target of 100 MT.

An initial resource of 250Mt was calculated for EKCP, comprising of:Measured Resource of 44MT; Indicated resource of 73MT; Inferred resource of 133MT.

Paul Mazak, Managing Director of Churchill Mining said: ?The results speak for themselves with such a significant early stage resource number reaffirming the company?s confidence in the shear potential size of this project. Further drilling and exploration work should move much of the current resource categories into higher level categories and toward the 100mt mining reserve that the company is targeting?.(denny)

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