CALGARY, March 14, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB)
("EmberClear" or the "Company") is pleased to announce that it has
filed a new National Instrument 43-101 - Standards of Disclosure for
Mineral Projects ("NI 43-101") compliant technical report (the
"Technical Report") on its coal deposits at its Good Spring Property
("the Property" or "Tracy Slope Mine") located in Schuylkill County,
Pennsylvania, USA. 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
Corporation 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 www.emberclear.com and under the Company's SEDAR profile on www.sedar.com. Highlights of the Technical Report include:
-
Moving approximately 28.5 million tons from Potential tons to Indicated
Resources of Anthracite coal
-
An additional 129 to 158 million potential tons of coal have been
estimated by Norwest to possibly exist on the Good Spring Property
-
Twenty (20) of the thirty-one (31) seams have sufficient consistent
thicknesses to be considered for further evaluation
-
Fifteen (15) seams were deemed to have sufficient data to be considered
as resources
-
Seven (7) of the coal seams had total coal thicknesses per seam in the
range of 12.6 to 28.9 feet
-
Coal quality ranges are representative of the historical quality of
Anthracite coal in this region
The coal resource estimate was 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:
| Seam | Tons (000) |
|
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
|
1,489
|
|
Lower Seven Foot
|
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 #3, Lykens Valley 1, Lykens
Valley 1½, Lykens Valley 2, Lykens Valley 3, Lykens Valley 4, Lykens
Valley 5 and Lykens Valley 6. Based on borings advanced by EmberClear
and historical 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 does 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 January 31, 2012 press release.
Range of Coal Quality Data
| Parameter (Dry Basis) | Range | Arithmetic Average* |
| From | To |
|
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
|
|
Sulfur %
|
0.42
|
0.94
|
0.61
|
*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 CEO.
"Anthracite coal is a rare global commodity and our coal appears to be
well suited for the Pulverized Coal Injection ("PCI") steel making
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 Corporation,
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.
About EmberClear
EmberClear is an advanced energy development company focused on low
emission energy projects around the world. EmberClear aims to
accelerate the adoption of technologies enabling dramatic improvements
in the efficiency and cleanliness of fossil fuel consumption. This
objective is partially enabled through a license to thermal chemistry
technologies developed, over the last two decades, by the Huaneng Clean
Energy Research Institute (HCERI), a subsidiary of the world's largest
power company Huaneng Power Group of China. EmberClear also holds
surface and mineral rights in Schuylkill County, Pennsylvania. This
property lies in the Southern Anthracite coalfield of eastern
Pennsylvania, USA and is a small portion of the Valley and Ridge
physiographic province of the Appalachian Highlands. EmberClear's
shares are listed on the TSX Venture Exchange under the trading symbol
"EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements")
within the meaning of applicable securities legislation.
Forward-looking statements are typically identified by words such as
"anticipate", "continue", "estimate", "expect", "forecast", "may",
"will", "project", "could", "plan", "intend", "should", "believe",
"outlook", "potential", "target", "seek", "budget", "predict", "might"
and similar words suggesting future events or future performance. All
statements other than statements of historical fact may be
forward-looking statements. In particular, this document contains
forward-looking statements pertaining to, without limitation, the
following: statements about the potential quantity, grade, value or
quality of coal deposits on our Property, the possibility that
additional coal may potentially exist on our Property, and the
suitability of our coal deposits for the Pulverized Coal Injection
steel making market. In addition, statements relating to "resources"
are deemed to be forward-looking statements as they involve the implied
assessment, based on certain estimates and assumptions, that the
resources described exist in the quantities predicted or estimated and
can be profitably mined in the future. Although we believe that the
expectations reflected in the forward-looking statements contained in
this document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned not
to place undue reliance on forward-looking statements included in this
document, as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based will
occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute
to the possibility that the predictions, forecasts, projections and
other forward-looking statements will not occur, which may cause our
actual performance and financial results in future periods to differ
materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. These
risks and uncertainties include, among other things, the following:
changes in general economic, market and business conditions; the
Company's need for additional funding to continue its exploration
efforts; and the competition for, among other things, capital, drilling
equipment and skilled personnel. Readers are cautioned that this list
of risk factors should not be construed as exhaustive. The
forward-looking statements contained in this document speak only as of
the date of this document. Except as expressly required by applicable
securities laws, we do not undertake any obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary
statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
<p> <b>Da</b><b>vid G. Anderson</b><br/> CFO<br/> Tel: +1 (403) 264-8817 </p>