2 to 2.4 bt exploration target: takatokwane..

2 to 2.4 BT Exploration Target:
Takatokwane South
Perth, Western Australia: Mineral exploration company Nimrodel Resources (ASX: NMR) is pleased to announce an update of results from the Takatokwane South Coal Project in Botswana. Nimrodel’s Managing Director, Mr Chris Mason said:
“The results from Phase 1 drilling at Takatokwane South are extremely positive and are in addition to the 4.2BT Inferred coal resource at Takatokwane” (Refer ASX announcement 16 November 2011).
Highlights
• Exploration target of 2 to 2.4 BT for Takatokwane South
• Results returned from 13 of 16 diamond core holes drilled
• Coal horizons up to 21 metres thick
• Seam 2 depth from surface commences at 64 metres
• Calorific Value of the seams range 20 to 25 MJ/kg at 1.60 SG Float


Exploration Target
Phase 1 drilling at Takatokwane South (Triprop Energy) consisted of 16 diamond core holes across PL 159/2009 and 11 reverse circulation holes across PL 157/2009 and PL161/2009, as shown in figure 1

Drilling has intersected good widths of coal seams 1 – 4 (similar to results at Takatokwane) and deeper drilling where it exists has intercepted up to 6 seams in the Takatokwane South profile.
Calorific Values are consistently in the 20 – 25MJ/kg range throughout (4,800 to 6,000 Kcal/kg) whist sulphur and ash content reduced in deeper seams. Again very similar characteristics to those reported at Takatokwane.
The exploration target of 2 to 2.5BT is calculated from phase 1 drilling using the analysis of the coal horizon thickness and yield estimations of the best developed coal section. Based on the results from drilling, 6 holes in the north eastern portion of PL 159/2009 (P1-1; P1-2;P1-3; P2-1; P2-2 and P2-3) were used and in this section seam 2 is consistently encountered.
The target is conceptual in nature, drilling to date is insufficient to define a mineral resource and it is uncertain that future drilling will result in the determination of a mineral resource.
Managing Director, Chris Mason commented: “The Phase 2 drilling program is currently being prepared and now that we have a better understanding of the entire sub basin our focus is twofold. Firstly adding to the overall Inferred Resource category through Takatokwane South; and secondly, by targeting a portion of the overall resource for the Indicated Resource category.”