- TMK Energy (TMK) begins its maiden drilling program within the Nariin Sukhait area of Gurvantes XXXV CSG Project in Mongolia
- The first hole, which has been named Snow Leopard – 1, was spudded on March 15 and is expected to be drilled to a depth of roughly 650 metres
- Snow Leopard – 1 is the first of four holes that is targeting thick coal seams within the CSG Project
- Upon completion of the drilling program, TMK will use the data to convert a portion of the gross prospective resource into a maiden contingent resource
- Shares in TMK are up 7.69 per cent on the market and are trading at 1.4 cents
TMK Energy (TMK) has begun its maiden drilling program within the Nariin Sukhait area of Gurvantes XXXV CSG Project in Mongolia.
The first hole, which has been named Snow Leopard – 1, was spudded on March 15 and is expected to be drilled to a depth of roughly 650 metres.
This hole will be cored and the intercepted coal seams will be sampled and subjected to gas desorption and gas adsorption testing to provide data on gas content, saturation and composition.
Downhole geophysical surveys and drill stem tests have also been planned on selected intervals to acquire additional data on coal seam thickness and characteristics.
Snow Leopard – 1 is the first of four holes that is targeting thick coal seams within the CSG Project.
Once this hole has been drilled, the further three will be drilled and tested over a three to four-month period.
Upon completion of the drilling program, TMK will use the data to convert a portion of the gross prospective resource into a maiden contingent resource.
“We are excited to commence our maiden drilling program at the Gurvantes XXXV CSG Project which represents an important step in what we expect will be the discovery and evaluation of a world class CSG project in Mongolia,” CEO Brendan Stats said.
“The aim of the drilling program is to acquire definitive data on the thickness, gas content and permeability indicators of the targeted coal seams in order to demonstrate the potential of the project to supply reliable, cleaner energy to both Mongolia and nearby energy-hungry China.”
Shares in TMK were up 7.69 per cent on the market and were trading at 1.4 cents at 3:10 pm AEDT.