NIMRODEL RESOURCES LIMITED - SCOPING STUDY DETAILS AND DRILLING UPDATE
Perth, Western Australia: Mineral exploration company Nimrodel Resources (ASX: NMR) is pleased to announce the initiation of a Scoping Study on the Takatokwane coal resource and the commencement of drilling on the adjacent tenements at Takatokwane South.
Highlights
- Scoping Study defined and independent professionals engaged
- Final Scoping Study results expected in January 2012
- Drilling at the newly acquired tenements progressing well
Takatokwane South Drilling Update
Nimrodel has commenced a two phase drilling program, for some 7,825m, on the Takatokwane South tenements: PL157/2008, PL159/2008, PL160/2008 and PL161/2008. Phase 1 is to comprise 28 holes at 8km spacing and Phase 2 to comprise 17 holes and complete a 4km by 4km grid. The two-phase drilling program is planned to test the extension of the south east trending coal seams identified in Nimrodel's resource drilling program between May and August this year at the adjacent Takatokwane project (PL035/2007). Results to date indicate the deposit trends and shallows in a south-easterly direction into the recently acquired Takatokwane South tenements. Full details of the Optiro produced Inferred JORC Resource statement is due within weeks.
For further information please see the entire ASX Announcement released by Nimrodel Resources: HERE