Mr. David Anderson reports
EMBERCLEAR'S NEW 43-101 TECHNICAL REPORT ADDS COAL RESOURCES AT THE GOOD SPRING PROPERTY
EmberClear Corp. has
filed a new National Instrument 43-101-compliant technical report on its coal deposits at its Good Spring property
located in Schuylkill county,
Pennsylvania. The results from EmberClear's exploration drilling
program are incorporated in this technical report. The technical report
was prepared under the supervision of Warren Evenson of Norwest
Corp. and is entitled "Technical report Good Spring
property/Tracy Slope mine." The effective date of the resource
estimates contained in the technical report is March 14, 2012. The
technical report is available on the company's website and under the company's SEDAR profile. Highlights of the technical report include:
- Moving approximately 28.5 million tons from potential tons to indicated
resources of anthracite coal;
- An additional 129 million to 158 million potential tons of coal estimated by Norwest to possibly exist on the Good Spring property;
- 20 of the 31 seams with sufficient consistent
thicknesses to be considered for further evaluation;
- 15 seams deemed to have sufficient data to be considered
as resources;
- Seven of the coal seams with total coal thicknesses per seam in the
range of 12.6 to 28.9 feet;
- Coal quality ranges representative of the historic quality of anthracite coal in this region;
- Coal resource estimate based on an assumed density for the coal
of 103 pounds per cubic foot (1.65 spg).
The indicated resource tons
estimated for the Good Spring property are shown in the associated table.
INDICATED RESOURCE
(In thousands)
Seam Tons
Peach Mountain 519
Little Tracy 304
Tracy 2,048
Little Diamond 668
Diamond 1,327
Orchard 4,484
Primrose 973
Holmes 3,048
Top Split Mammoth 5,794
Middle Split Mammoth 1,937
Bottom Split Mammoth 876
Upper Skidmore 1,000
Skidmore 2,337
Seven-foot seam 1,489
Lower Seven-foot seam 1,737
Totals 28,540
Although the following seams were intersected in at least one of the
borings advanced by EmberClear in the May, 2011, to January, 2012,
exploration program, resources were not estimated due to insufficient
data spacing. There were nine seams for which resources were not
estimated: Buck Mountain, Scotty Steel No. 3, Lykens Valley 1, Lykens
Valley 1-1/2, Lykens Valley 2, Lykens Valley 3, Lykens Valley 4, Lykens
Valley 5 and Lykens Valley 6. Based on borings advanced by EmberClear
and historic mine maps from properties in the general vicinity of the
Good Spring property it is suggested that additional coal may
potentially exist on the Good Spring property.
Current data for the potential tonnage do not meet data density or
geometry to qualify as NI 43-101 compliant. Future exploration will be
required to address this potential. At this time, due to insufficient
exploration, the potential tonnage estimates stated are conceptual in
nature and cannot be defined as a mineral resource. It is uncertain if
further exploration will result in the target being delineated as a
mineral resource.
Coal quality results from EmberClear's exploratory drilling program are
consistent with its previously announced coal quality data published in
the Jan. 31, 2012, press release.
RANGE OF COAL QUALITY DATA
Parameter (dry basis) From To Arithmetic average (1)
BTU/lb 11,964 13,378 12,872
Volatile matter % 6.10 7.41 6.69
Fixed carbon % 71.78 82.13 78.82
Ash % 11.33 20.84 14.48
Sulphur % 0.42 0.94 0.61
Note
(1) Arithmetic average of all of the coal samples collected.
"The filing of the technical report and the estimation of resource
tonnage with coal qualities have shown details of our property which
are highly representative of historical anthracite coal in this region
thereby confirming our belief of the Good Spring property being a
potentially valuable asset," said Albert Lin, EmberClear chief executive officer.
"Anthracite coal is a rare global commodity and our coal appears to be
well suited for the pulverized coal injection (PCI) steelmaking
market."
Norwest has recommended conducting additional core drilling
(approximately 12,500 feet) to increase the indicated assurance
categories per GSC paper 88-21, hydrologic and geotechnical testing and
an interim report.
Qualified person
Warren A. Evenson, PGeo, professional geologist at Norwest Corp.,
is a qualified person and independent of the company in accordance
with NI 43-101. Mr. Evenson has reviewed and approved the technical and
scientific information contained in this news release.
We seek Safe Harbor.
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