Sydney, Dec 16, 2008 AEST (ABN Newswire) - Bandanna Energy Limited (ASX:BND) is pleased to release the following coal quality results from EPC 891 - Springsure Creek, located in the Bowen Basin, Queensland. This tenement is 100% owned by Springsure Creek Coal Pty Ltd, a wholly owned subsidiary of Bandanna.
The results relate to drilling on the Springton Anticline which has previously been subject to drilling along three traverses; the southern, central and northern. SPR022C and SPR024C, located on the northern traverse, have intersected 3.17 and 3.75 m thickness of coal, respectively, and provide coal quality results 4.85 km north of the previously reported results ‐ for boreholes on the central traverse.
Boreholes SPR026C and SPR 028C are located a 3.85 km further north again, in an attempt to ascertain the extreme northern extent of potential exploration interest. Whilst these holes penetrated thinner seams, 1.71 and 1.06 m respectively, coal quality results here are consistent with those of the northern, central and southern traverses, a strike length along the anticline of some 14 km.
The results are very encouraging and give further confidence that this project has the capacity to deliver a probable high quality, low ash, low sulphur raw thermal coal product.
Report on Drilling Results EPC - 891 Springsure Creek Coal Pty Ltd
Recent coal quality analysis from the Aries 2 Seams within Holes SPR022C, 24C, 26C and 28C, have been received by Springsure Creek Coal Pty Ltd from SGS Coal Laboratories, Newcastle. The analysis confirms both previous analysis, and the view that the coal within the Springton Anticline area of EPC891 to be of a probable high quality raw thermal coal. The holes tested occur 4.85 Km to the north of previously reported coal quality results, and considerably extend the area in which Springsure Creek Coal Pty Ltd has modern coal quality analysis. Of particular note is the low average raw ash content within the Aries 2 Seam, the low sulphur content and the excellent energy values. Holes SPR026C and SPR028C, drilled 3.85km to the north of SPR022C & SPR024C, confirm the northern limit of the Springton Anticline area of interest, both reporting the Aries 2 Seam at less than 2.0m thickness.
Contact
Ray Shaw
Managing Director
Bandanna Energy Limited
+61 2 9923 1520
Jeremy Barlow
Chairman
Bandanna Energy Limited
+617 3118 8562
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