Indus Coal: Strike extends to 7.2 km at Block 9
Tuesday, September 10 2013 - 02:54 AM WIB
ASX-listed Indus Coal Limited said that a further extension of strike has been proven from its HQ core drilling program at Block 9 of the Jambi Coal Projects. Four new holes being holes 13, 42, 9C and 9G have extended the strike of Coal Seam A from 6.0km to 7.2km.
The current Block 9 JORC resource estimation is 94,094,218 tons (JORC Indicated + JORC Inferred) across all coal seams. On average the coal has a 5,300 GCV (adb). The resource estimation was completed by Geologica Pty Ltd in conjunction with Global Mining Services Pty Ltd (GMS).
?The ongoing drilling program for Block 9 has therefore extended the strike continuity of the coal seams to the south-east as a result of these 4 new holes by approximately 1,200 metres. This bow extends the strike of Coal Seam A to 7.2km. This will add significant tonnage to the JORC resource on Block 9. An updated Block 9 JORC resource estimation (incorporating these 4 new holes) will be released when additional drilling and assays are to hand,? the company said in a statement received Tuesday.
The drilling program is continuing with holes designed to extend the resource to the south-east (holes 9A, 9B, 9D, 9E and 9F to-be completed) as well to confirm an area for a JORC Measured Resource (holes ME-1 to ME-10).
Drill hole 9G located Coal Seam A at approximately 68 meters down hole and a coal seam width of 4.95 meters was recorded. Coal Seam A was also intersected at drill hole 9C where at about 99 meters depth there were 8.69 meters of coal intersected.
Two re-drill holes (holes 13 and 42) were completed in order to confirm coal seam intervals where the original holes suffered core loss and recovery problems. Holes ME04 and ME10 located Coal Seam A in the expected positions. The core from these holes will be longed for geotechnical and engineering parameters to allow for more accurate pit optimisation and mine planning.
Executive Director of Indus, Vinay Hariani commented: ?The results from holes 13, 42, 9C and 9G are very pleasing. They extend the strike by a further 1.2km. The strike is now 7.2km in length and still remains open to the south-east.
I look forward to the results from holes 9A, 98, 90, 9E and 9F all of which are still to be completed. Indus will continue to follow this strike to the south-east with further drilling.
In addition, we continue our work with GMS on the mining engineering and the completion of a Feasibility Study for the opening of a coal mine on Block 9 which produces 2MT of thermal coal per annum. Preliminary mine planning has commenced by modelling a first open pit in order to mine coal over a strike distance of 2.8 kilometers in length (between holes 30 and 37) across a width of about 500 metres?.
Editing by Reiner Simanjuntak