A maiden JORC-compliant resource estimate at Celsius Coal’s Kargasha project in the Kyrgyz Republic will be announced next month using drill results from the 2012 exploration program.
The majority of assays have been received, confirming the coal seams at the site have very good coking properties. 46 of the 49 coal samples analysed show coking Free Swelling Index (FSI) levels greater than 4.5, with most in the range of 6.5-8.5 indicating high coking quality.
Celsisus’ managing director Grant Thomas says, “It is great to receive all 2012 analyses and fantastic to see they confirm the Uzgen Basin coking coal project has delivered quality coking coal results. “When we acquired the project we did so believing that it would rapidly become our core asset and one that has the potential to host a commercially viable premium coking coal project.”
Since Celsius purchased an 80% stake in three central Uzgen Basin licenses including Kargasha it has been working to correlate historical Soviet drilling at the site which the company anticipates will confirm an exploration target of between 500 and 700 million tonnes of coal.
The Tuyuk-Kargasha prospect in the north of the region hosts coal seams closer to the surface which are thicker and better developed than elsewhere in the basin. It is also the most likely licence area to contain coking quality coal.
Data from 60 Soviet-era drillholes and 150 adits are being entered into Micromine software for verification and analysis. This will assist with the preparation of a mineral resource estimate.
Celsius says results from the nearby Min Teke prospect all show coal intersections of high thermal capacity.