Monday, 14 October 2019 19:17

Elixir Energy commences its 2019 drilling campaign

By Elixir Energy

SPONSORED NEWS: Elixir Energy Limited (ASX: EXR) announces the commencement of its 2019 drilling campaign with the spud of the BO-CH-1 chip-hole this weekend.

The 2019 program has been expanded to include two to four stratigraphic chip-holes in addition to the drilling of two firm and fully evaluated core-holes. Two rigs will be used and the option to drill a third core-hole remains.

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Elixir’s Managing Director, Mr Neil Young, said “The commencement of our foreshadowed 2019 drilling campaign is a key step for Elixir’s exploration program over our very large 100% owned Nomgon IX CBM PSC. The addition of a chip-hole drilling component to the program is a highly cost-effective way of gathering more geological information side by side with the core-holes.”

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The chip-holes will not only be used to gain valuable data about the general geology and confirm coal continuity, but also support and substantiate the recently acquired 2D seismic program and derisk locations for next year’s drilling program.

International standard desorption and permeability testing tools have arrived from the USA and Australia respectively and initial training over the use thereof with the local contractors has been undertaken.

Elixir Energy Ltd is a gas exploration company focused on the 100% owned Nomgon IX coal-bed methane (CBM) production sharing contract (PSC) located in the South of Mongolia, proximate to the Chinese border. The 30,000 km2 PSC was executed in September 2018 and has a 10+ year exploration period.

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For further information on Elixir Energy, please call us on +61 (8) 6001 6938, visit the Company's website at www.elixirenergy.net.au or follow us on Twitter.

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