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EmberClear Corp
Symbol EMB
Shares Issued 72,518,460
Close 2012-03-13 C$ 1.00
Market Cap C$ 72,518,460
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EmberClear's Good Spring at 28.4 mt coal indicated

2012-03-14 07:02 ET - News Release

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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