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Coal deposits discovered at Ulaan Nuur Basin site |
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Monday, 15 October 2007 |
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Canadian-based Bluerock
Resources Ltd. (TSX VENTURE:BRD) announced deposits of coal have been
discovered at its Ulaan Nuur Basin site.
The coal discovery came during
exploratory drilling for known uranium at the site. Of significance,
according to mining officials, was that some coal deposits measure ten
meters in thickness.
President Michael Collins commented:
"The drilling program succeeded in expanding the known uranium
mineralization at Khavtsal in both area and depth. In addition, the
company has identified significant intervals of coal located only 30
kilometers from a railhead. Bluerock will move aggressively to capture
the value of this new coal asset."
The drilling programs were
focused on three separate licenses, the Khavtsal, Khudgiin Us and Tolgod,
all of which are located south of Ulaanbaatur in the Ulaan Nuur Basin.
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