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Monday, May 23, 2011

[cpsinewswire] [CPSI NewsAlert: Hunnu Acquires Major Coking Coal Project in Gobi Altai]

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: Major Coking Coal Project Acquisition

May 23, Hunnu Coal Limited (ASX:HUN) --

HIGHLIGHTS

Ø  Acquisition of Rio Tinto Minerals Development Limited’s 70% interest in Altai Nuurs Coal JV Project located in Gobi Altai Province of south western Mongolia.

Ø  Preliminary test work indicates a premium hard coking coal fraction with the following average parameters:

o    Moisture (%ad): 1.6%

o    Ash (%ad): 10.7%

o    Volatile matter: 18%

o    Calorific value (Kcal/kg ad): 7,460

o    CSN: 8.5

o    Total Sulphur (%ad): 0.48

o    Phosphorous (%ad): 0.017

o    Alkalinity Index: 0.56

o    Coke strength Ratio: +70

Ø  Exploration Target* based on drilling, coal test work and wire frame modelling of between 250Mt and 500Mt. Hunnu Coal will commence JORC modelling at once.

Link to release

 

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"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

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Email: mogi@cpsinternational.mn

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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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