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| EAST MIDDLEMOUNT PROJECT |
EPC 930 40% (300 sub-blocks) Richfield
EPC 1014 100% (32 sub-blocks) Cockatoo
EPC 1085 100% (3 sub-blocks) North Middlemount |
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EPC 1085 was granted on the 23 January 2007. Work programs on the East Middlemount project have involved compilation of digital geophysical, remote sensing (Landsat) and GIS data in preparation for reconnaissance field programs and scout drilling. This work is expected to commence in late June 2007.
Exploration activities over EPC 930 are currently being operated by joint venture partners Rocklands Richfield Limited, who are to expend $527,000 to earn 60% equity. Previous results of exploration programs conducted by RCI are available on the ASX web site, Second Quarter Activities Report 31/01/2007. No new information has been forthcoming to BWN on their exploration activities.
The EPCs are situated in the Bowen Basin and are 10kms from the German Creek East coal mine and 20kms from the Norwich Park coal mine which both produce volatile coking coal.
Previous investigations indicate that thin but high quality seems of the German Creek Formations may be present in the eastern part of the Project and that the main target of thick coking coal seems belong to the Rangal Coal Measures (as well as the other coal bearing formations) are present at depth in the western part of the Project.
Previous seismic surveys confirm the continuity of high reflectance horizons attributed to the Rangal Coal Measures to the west of the Foxleigh fault. Expected depths to the top of the Rangal coal measures varies from 200m in the North to as shallow as 100m in the central area. Shallow drilling east of the Foxleigh fault in the south areas has confirmed stratigraphy attributed to the German Creek Formation. However seismic profiles in this area are inconclusive due to the presence of cover sequences containing basalt.
Bowen Energy intends to chase these reflective horizons with strategic drilling programs to confirm and quantify potentially economic coking quality coal resources. |
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