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Bayanbulag coal deposit details revealed by Western Prospector Group |
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Tuesday, 17 June 2008 |
Western Prospector Group Ltd.
(TSX-V:WNP) reports large amount of near-surface coal deposits found
at its Bayanbulag site.
It made the announcement in
reports filed last week with the Mineral Resources and Petroleum Authority
of Mongolia.
The report detailed deposits
of brown or thermal coal in a horizontal, near-surface seam which will
allow for open pit mining. Bayanbulag is located 27 kilometres northwest
of Choibalsan, the regional capital of Dornod province.
Western acquired the Bayanbulag
deposit in 2007 with the intent to mine coal only as a fuel source for
its Gurvanbulag uranium mine development, which will need heating for
mine air and surface buildings.
Since then, third parties have
indicated an interest in purchasing coal from Western for their own
needs. As a result, Western is developing a mining plan to for its own
needs as well as sales to other customers.
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