Aspire Mining (ASX:AKM) has commenced exploration drilling at their Nuurstei Coal Project in northern Mongolia that could lead to a Pre-Feasibility Study for a mining operation.
The Nuurstei Project is currently 60% owned by the Ekhgoviin Chuluu Joint Venture, of which Aspire and the Noble Group each hold a 50% interest. ECJV has a right to increase its interest in the Nuurstei Project to 90%.
Drill holes will build on the 2011 drilling program conducted by Xanadu Mines (ASX:XAM).
The programme will consist of geographically reclogging of 2011 drill holes, reverse circulation and diamond drill holes completed at an average 100 metre depth.
These holes are focused mostly in the southern part of the main tenement and the programme has been designed to confirm resource continuity.
Drilling is expected to be completed by the end of October 2014, with laboratory analysis expected to be received in the December quarter.
The Nuurstei Project is located about 10 kilometres to the southwest of Moron, the capital of the Khuvsgul province in northern Mongolia.
A paved road is currently being constructed between Moron and the town of Erdenet, where existing rail infrastructure terminates. Sealing of this road commenced in 2012 and is due to be completed at the end of 2015.
Coal produced at the Nuurstei Project could be transported along this road to Erdenet where product could then be loaded onto trains and delivered to customers.
Land purchased at Erdenet by Aspire in 2012 could be used as a coal stockpile and train load-out area.
Nuurstei project is located close to infrastructure ~10km from Khuvsgul province capital of Moron.
A Pre‐feasibility study is to be considered, dependant on results from the Nuurstei exploration programme.
Aspire is also continuing to progress its advanced Ovoot Coking Coal Project.
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