IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSable Mining Africa Regulatory News (SBLM)

  • There is currently no data for SBLM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

786 Mt Coal Seam Tonnage Modelled at Lubu Project

6 Apr 2011 07:00

RNS Number : 3714E
Sable Mining Africa Limited
06 April 2011
 



Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

6 April 2011

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

786 Mt Coal Seam Tonnage Modelled at Lubu Coal Project

 

Sable Mining Africa Limited, the AIM listed resource investment company, is pleased to announce that following a successful drilling campaign on the Lubu Coal Project ('Lubu' or 'the Project'), seam modelling by the Company's geologist have attributed an in-situ coal seam tonnage of 786 million tonnes to the initial blocks being drilled, with the potential for additional tonnes to be added when further results are analysed from the recent drilling campaign.

 

Lubu 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 progress at the Project follows the progression of seam modelling work using analysis released by ALS Laboratory Group in Witbank, South Africa from the 36 hole drilling programme, results from which have already emphasised the quality and continuity of Lubu's shallow deposit, the grade parameters, as well as the high coking coal deposits across multiple seams. 

 

The new results have been incorporated into the existing seam correlation work and when used in conjunction with the borehole geological logs and the downhole geophysical logs, have enabled Sable Mining's geologists to better understand the lithological sequences and correlate and model the seams more accurately.

 

The model for the Main Seam has been updated and new models constructed for the laterally consistent 1B Lower and 1C seams within the blocks that have been drilled to date. There are a number of seams that occur inconsistently, including the 1B Upper and the 1A seam, which are currently being analysed and will also be modelled in due course. The Company believes that these seams have the potential to add further tonnage to the Project when analysed.

 

The new updated tonnage compilation, listed below, includes the new correlation and modelling work and is supported by Johan Erasmus, Sable Mining's external competent person.

 

SEAM

Ave Thickness

(metres)

Coal Seam Volume

(million cubic metres)

Density

Insitu Tonnes

(million tonnes)

1C

4.55

100

1.78

178.035

1B Lower

4.06

89

1.80

160.476

MAIN

12.96

283

1.58

447.445

TOTAL

472

785.956

 

Analytical work is progressing with identification and quantification of the coal products that can be best derived from these seams. This work will be incorporated into the geological model and will lead to the establishment of a SAMREC/JORC/43-101 compliant resource statement which is expected mid-2011. 

 

Sable Mining CEO Andrew Groves said, "The modelling of an initial in-situ seam tonnage of 786 Mt underpins the potential of Lubu. Our geologists have modelled the data received from ALS Laboratory Group which provided us with a strong level of confidence in this multi seamed deposit. The next stage is to upgrade the resource to a SAMREC/JORC/43-101, which will enable the attribution of further value and assist in the next stage of development which will include a Scoping Study."

 

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

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAXLSEEKFEFF
Date   Source Headline
25th Mar 201111:00 amRNSHolding(s) in Company
18th Mar 20114:29 pmRNSUpdate on Delta Mining Consolidated
18th Mar 20117:00 amRNSHolding(s) in Company
9th Mar 20113:18 pmRNSDiscovers Iron Ore Exploration Targets in Liberia
4th Mar 20113:00 pmRNSHolding(s) in Company
17th Feb 20114:22 pmRNSHolding(s) in Company
17th Feb 20117:00 amRNSResults From Lubu Coal Field in Zimbabwe
14th Feb 20112:40 pmRNSHolding(s) in Company
14th Feb 20112:40 pmRNSHolding(s) in Company
7th Feb 201110:05 amRNSCorrection re Lubu Drilling Update
7th Feb 20117:00 amRNSPositive Results from First Phase Drilling at Lubu
1st Feb 20117:00 amRNSRietkuil Coal Project Granted Mine Right
24th Dec 201012:35 pmRNSPrice Monitoring Extension
23rd Dec 20107:00 amRNSInterim Results
15th Dec 20109:46 amRNSResult of AGM
29th Nov 20107:00 amRNSUpdate on Gulukwane Iron Ore Project
26th Nov 201012:50 pmRNSHolding(s) in Company
26th Nov 201012:50 pmRNSHolding(s) in Company
24th Nov 20103:56 pmRNSShareholder Interest
22nd Nov 201012:25 pmRNSNotice of AGM
16th Nov 20107:00 amRNSAcquires Iron Ore Interests in Guinea
26th Oct 20107:00 amRNSLiberian Iron Ore Acquisition
26th Oct 20107:00 amRNSLiberian Iron Ore Acquisition
25th Oct 20107:00 amRNSGulukwane Update
25th Oct 20107:00 amRNSGulukwane Update
18th Oct 20107:00 amRNSUpdate on Lubu Coal Field in Zimbabwe
11th Oct 20107:00 amRNSDukwe Coal Project in Botswana
4th Oct 201011:02 amRNSAcquires Interest in Gulukwane Iron Ore Project
28th Sep 20104:40 pmRNSReport & Accounts
27th Sep 20107:00 amRNSRietkuil Coal Project Update
24th Sep 20107:00 amRNSFinal Results
4th Aug 20101:05 pmRNSCorporate Update
30th Jun 20107:00 amRNS136 million tonnes defined at Limpopo Coal Project
1st Jun 20107:00 amRNSAcquisition of Lubu Coal Field in Zimbabwe
20th May 20107:00 amRNSUpdate on the Rietkuil Coal Project
29th Apr 20105:18 pmRNSHolding(s) in Company
28th Apr 20103:15 pmRNSTotal Voting Rights
26th Apr 20104:10 pmRNSHolding(s) in Company
26th Apr 20104:02 pmRNSHolding(s) in Company
23rd Apr 20102:45 pmRNSDMC Acquisition Update
16th Apr 20107:00 amRNSRaises USD125 million
1st Apr 201011:38 amRNSOffer for Delta Mining Consolidated Ltd
24th Mar 201012:54 pmRNSHarbinger Increases Interest in Company
11th Mar 20102:37 pmRNSHolding(s) in Company
2nd Mar 20105:31 pmRNSHolding(s) in Company
2nd Mar 20107:00 amRNSAppointment of Broker
24th Feb 20107:00 amRNSIncreases Interest in Delta Mining Consolidated
19th Feb 20107:00 amRNSHolding(s) in Company
17th Feb 20107:00 amRNSAcquires Interest in South African Coal Company
12th Feb 20107:00 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.