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Red Hill Energy Inc. (TSX VENTURE:RH)
has purchased a 100 percent interest in the 37,000 hectare Chandgana
Khavtgai coal property located in the Nyalga Coal Basin in southeast
central Mongolia.
Red Hill geologists believe
Chandgana Khavtgai may contain a significant sized extension to the
Nyalga Coal Basin.
The Chandgana Khavtgai property
is located 9 km southwest of Red Hill's Chandgana Tal coal project.
Both Chandgana Khavtgai and Chandgana Tal connect with the Tethys Mining's
Nyalga Coal Basin property, which is owned by a Mongolian subsidiary
of international mining conglomerate CVRD (Companhia Vale do Rio Doce)
of Brazil.
The Nyalga Coal Basin is linked
by road to both Mongolia's capital Ulaanbaatar (300 km to the east)
and the Mongolian Railroad (160 km to the east), giving direct rail
access to China to the south and Russia to the north.
Field explorations at Chandgana
Khavtgai has identified several thick coal outcrop zones that appear
to indicate the continuation of the same 30-50 meter coal seam observed
at Red Hill's Chandgana Tal coal property. The coal outcrop extends
at least 4 km onto the license, covering an area several times the size
of the Chandgana Tal license area.
Several drill holes within
2 km of the new license also indicate the continuation of a thick coal
seam onto the new license area. Red Hill geologists believe that this
site has the potential to significantly increase Red Hill's coal resource
in this area.
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