Sable Mining Africa Regulatory News (SBLM)

RNS Number : 1326U

Sable Mining Africa Limited

11 October 2010

 

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

11 October 2010

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

Dukwe Coal Project in Botswana

 

Sable Mining, the AIM listed resource company, is pleased to announce a positive update on the 628 sq km Dukwe Coal Project ('Dukwe'), one of the six Prospecting Licence areas covering 4,625 sq km in north eastern Botswana, controlled by Delta Mining Consolidated Ltd ('DMC') through its 70% interest in Ashante Coal (pty) Ltd. The Dukwe licence has been prioritised following a regional airborne magnetic reconnaissance programme which indicated that the property is underlain by significantly thick and shallow (to the east) carbonaceous sequences.

 

Exploration on the Dukwe project area has now commenced and ten boreholes have been completed on the property. The carbonaceous sequence has been intersected, with thickness varying from 11m to 60m. Approximately 200 samples have already been submitted to Witlab (pty) Ltd, a leading coal analytics service provider in South Africa, for analysis. The results and their interpretation will form the basis for the creation of a regional geological model and will determine the ongoing exploration work. 

 

Sable Mining CEO Andrew Groves said, "The exploration of the Dukwe Coal Project is progressing and is a further addition to DMC's portfolio, which includes the Rietkuil Coal Project in South Africa where the Bankable Feasibility Study is on track for completion by the end of the year. Early signs of the prospectivity of the Dukwe Coal Project have been positive and we look forward to reporting further regarding the laboratory results and the development programme."

 

** 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
Robin Henshall	Matrix Corporate Capital	Tel: 020 3206 7000
Hugo de Salis	St Brides Media & Finance Ltd	Tel: 020 7236 1177
Susie Callear	St Brides Media & Finance Ltd	Tel: 020 7236 1177

 

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