TerraCom uncovers new coal deposit near Baruun Noyon Uul Mine
TerraCom, resource company that operates in Mongolia and Australia, announced it had uncovered a new Permian coal deposit 12 km south of the Baruun Noyon Uul coking coal mine infrastructure.
TerraCom, resource company that operates in Mongolia and Australia, announced it had uncovered a new Permian coal deposit 12 km south of the Baruun Noyon Uul coking coal mine infrastructure. Baruun Noyon Uul (BNU) coking coal mine located in Noyon Soum, of the southern Umnugobi province, is owned and operated by the TerraCom company which has been exploring the area since last year. The new deposit, further referred to as Baruun Noyon Uul or BNU South, was initially identified using multi-stage ground geophysics to determine target areas utilizing ground magnetics followed by Gradient arrays to define 5 km of Permian target strike for exploration. Coal intersections occurred along the 5 km of strike drilled. Very thick coal intersections, with up to 122m total gross coal, were determined within what is now considered a “high priority area” for further drilling, approximately 600m long by 300m wide. Chairman Wal King said that “this deposit if proven, has the potential to significantly reduce operating costs and increase output from the Baruun Noyon Uul mine.” The large shallow coal intersections in this area are by far the thickest thus far discovered within the Company’s licenses in Mongolia.
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