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Thursday, July 21, 2011

[cpsinewswire] [CPSI NewsAlert: Hunnu Upgrades Tsant Uul JORC Resource by 85%, Altai Nuurs Initial JORC Estimation Underway]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

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Hunnu Coal upgrades JORC resources at Tsant Uul by 85%

July 21 (Fortbridge) Hunnu Coal (ASX: HUN) has upgraded its JORC reportable resource estimate for the Tsant Uul Coal Project (Mongolia) by 85%.

Highlights:

·         85% increase to JORC Coal Resource at Tsant Uul

·         JORC reported Coal Resource of 167.1Mt

·         93.8Mt classified as Measured (40.9Mt) and Indicated (52.9Mt).

·         Further upgrades to the JORC reported Coal Resource model expected in the latter half of 2011 with additional drilling completed and underway.

·         The Tsant Uul Project mining license has been granted for an initial term of 30 years with an option for twenty years extension twice, providing a total of 70 years of mining operations.

·         The Company is in advanced discussions for off-take with potential future buyers of Tsant Uul Project coal.

·         Targeting commencement of mining in the last quarter of 2011.

·         Targeting initial production of 1.5Mt of coal in 2012 and 3Mt in 2013.

·         Owner operator mining fleet currently being purchased with initial purchases including six CAT 773 Dump Trucks and a Hitachi 1200 excavator. Additional purchases underway.

·         Hunnu Coal now has Total JORC Resources across its projects of 843Mt.

·         Initial JORC Coal Resource currently being estimated for the Altai Nuurs Premium Hard Coking Coal Project. Altai Nuurs has an Exploration Target* of 250Mt to 500Mt.

Link to article

Link to full HUN release

 

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"Mogi" Munkhdul Badral

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CPS International LLC

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

Disclosure/Disclaimer

CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.

CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.

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