(2010-09-24) Ncondezi Coal Company Limited a coal exploration and development company with coal assets in the Tete Province in Mozambique announced the initiation of core drilling on licences 804L & 805L (the “Ncondezi Project”) as part of the Company’s work program to complete a Definitive Feasibility Study by mid 2012.
The core drilling follows the announcement on 1 September, 2010 that the Company had commenced the DFS work program. Currently there is one core drill rig on site. A further 2 core drill rigs are expected on site in the next few weeks. This is in addition to the 3 percussion hole drill rigs currently drilling holes spaced at 4km & 2km centres on a grid across the whole Ncondezi Project licence areas.
Cores are being stored in a refrigerated store at the Company’s site camp and will be sent to a laboratory in South Africa for a full suite of wash and, depending on results, coking coal tests. Results are expected in the early part of Q1 2011 and will be released when they have been received and processed.
Mr Graham Mascall CEO of Ncondezi Coal Company said that “I am very pleased to announce that we are now drilling cored holes on schedule in parallel with more percussion holes on our Ncondezi Project. This will enable completion of coal quality test work and announced results. We look forward to keeping our investors informed of our progress.”