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Detailed exploration to begin at Erdenetsogt; 500 million tons of coal expected to be extracted |
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Friday, 13 July 2007 |
Gulfside Minerals Ltd. of Canada is preparing a detailed site exploration at Erdenetsogt which could eventually yield 550 million tons of coal. The Gobi Desert site is 430 kilometers southwest of Ulaanbaatar. Gulfside Minerals has hired Norwest Corporation of Salt Lake City, Utah to evaluate the site and provide an up-to-date projection of the coal deposits. In a written statement, Gulfside Minerals noted, “A qualified person has not done sufficient work to classify any of the historical estimates as current mineral resources, and the estimates should not be relied on.”Past explorations have determined that coal seams at Erdenetsogt are 41.5 meters to 94.6 meters thick.
Once Norwest provides detailed projections, a decision will be made about developing a program to extract coal from the site.
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