CALGARY, March 14, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EmberClear" or the "Company") is pleased to announce that it has filed a new National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant technical report (the "Technical Report") on its coal deposits at its Good Spring Property ("the Property" or "Tracy Slope Mine") located in Schuylkill County, Pennsylvania, USA. The results from EmberClear's exploration drilling program are incorporated in this Technical Report. The Technical Report was prepared under the supervision of Warren Evenson of Norwest Corporation and is entitled "Technical Report Good Spring Property/Tracy Slope Mine". The effective date of the resource estimates contained in the Technical Report is March 14, 2012. The Technical Report is available on the Company's website www.emberclear.com and under the Company's SEDAR profile on www.sedar.com. Highlights of the Technical Report include:
- Moving approximately 28.5 million tons from Potential tons to Indicated Resources of Anthracite coal
- An additional 129 to 158 million potential tons of coal have been estimated by Norwest to possibly exist on the Good Spring Property
- Twenty (20) of the thirty-one (31) seams have sufficient consistent thicknesses to be considered for further evaluation
- Fifteen (15) seams were deemed to have sufficient data to be considered as resources
- Seven (7) of the coal seams had total coal thicknesses per seam in the range of 12.6 to 28.9 feet
- Coal quality ranges are representative of the historical quality of Anthracite coal in this region
The coal resource estimate was based on an assumed density for the coal of 103 pounds per cubic foot (1.65 spg). The Indicated Resource tons estimated for the Good Spring Property are:
|Top Split Mammoth||5,794|
|Middle Split Mammoth||1,937|
|Bottom Split Mammoth||876|
|Lower Seven Foot||1,737|
Although the following seams were intersected in at least one of the borings advanced by EmberClear in the May 2011 to January 2012 exploration program, resources were not estimated due to insufficient data spacing. There were nine seams for which resources were not estimated: Buck Mountain, Scotty Steel #3, Lykens Valley 1, Lykens Valley 1½, Lykens Valley 2, Lykens Valley 3, Lykens Valley 4, Lykens Valley 5 and Lykens Valley 6. Based on borings advanced by EmberClear and historical mine maps from properties in the general vicinity of the Good Spring Property it is suggested that additional coal may potentially exist on the Good Spring Property.
Current data for the potential tonnage does not meet data density or geometry to qualify as NI 43-101 compliant. Future exploration will be required to address this potential. At this time, due to insufficient exploration, the Potential Tonnage Estimates stated are conceptual in nature and cannot be defined as a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.
Coal quality results from EmberClear's exploratory drilling program are consistent with its previously announced coal quality data published in the January 31, 2012 press release.
Range of Coal Quality Data
|Parameter (Dry Basis)||Range|| Arithmetic
|Volatile Matter %||6.10||7.41||6.69|
|Fixed Carbon %||71.78||82.13||78.82|
*Arithmetic average of all of the coal samples collected.
"The filing of the Technical Report and the estimation of resource tonnage with coal qualities have shown details of our property which are highly representative of historical Anthracite coal in this region thereby confirming our belief of the Good Spring property being a potentially valuable asset," said Albert Lin, EmberClear CEO. "Anthracite coal is a rare global commodity and our coal appears to be well suited for the Pulverized Coal Injection ("PCI") steel making market."
Norwest has recommended conducting additional core drilling (approximately 12,500 feet) to increase the indicated assurance categories per GSC Paper 88-21, hydrologic and geotechnical testing and an interim report.
Warren A. Evenson, PGeo Professional Geologist at Norwest Corporation, is a "Qualified Person" and independent of the Company in accordance with NI 43-101. Mr. Evenson has reviewed and approved the technical and scientific information contained in this news release.
EmberClear is an advanced energy development company focused on low emission energy projects around the world. EmberClear aims to accelerate the adoption of technologies enabling dramatic improvements in the efficiency and cleanliness of fossil fuel consumption. This objective is partially enabled through a license to thermal chemistry technologies developed, over the last two decades, by the Huaneng Clean Energy Research Institute (HCERI), a subsidiary of the world's largest power company Huaneng Power Group of China. EmberClear also holds surface and mineral rights in Schuylkill County, Pennsylvania. This property lies in the Southern Anthracite coalfield of eastern Pennsylvania, USA and is a small portion of the Valley and Ridge physiographic province of the Appalachian Highlands. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", "seek", "budget", "predict", "might" and similar words suggesting future events or future performance. All statements other than statements of historical fact may be forward-looking statements. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: statements about the potential quantity, grade, value or quality of coal deposits on our Property, the possibility that additional coal may potentially exist on our Property, and the suitability of our coal deposits for the Pulverized Coal Injection steel making market. In addition, statements relating to "resources" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the resources described exist in the quantities predicted or estimated and can be profitably mined in the future. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: changes in general economic, market and business conditions; the Company's need for additional funding to continue its exploration efforts; and the competition for, among other things, capital, drilling equipment and skilled personnel. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
David G. Anderson
Tel: +1 (403) 264-8817