Analytical Results Indicate Metallurgical-Grade Coal at Ivanhoe's Nariin Sukhait Coal Deposit, Mongolia.ULAANBAATAR Ulaanbaatar or Ulan Bator (both:  län` bä`tôr) [Mongolian,=red hero], Chinese Kulun, city (1995 est. pop. , Mongolia -- Gene Wusaty, Ivanhoe Mines' (TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension :IVN IVN Interactive Video Network IVN Intravenous IVN Internationale Vereniging voor Neerlandistiek IVN Intravenous Nutrition IVN Integrated Voice Network IVN Intervening Networks IVN in Vehicle Network ) President, Coal Division, and John Macken, Ivanhoe's President, are pleased to announce that independent analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. data on core samples from recent drill holes completed at Ivanhoe Mines' Nariin Sukhait Coal Project indicate that a significant portion of the coal discovery contains indicators of metallurgical-grade (coking) coal. The coal is high quality in terms of calorific value calorific value n. The calories or thermal units contained in one unit of a substance and released when the substance is burned. , has low associated sulphur Sulphur, city, United States Sulphur, city (1990 pop. 20,125), Calcasieu parish, SW La.; inc. 1914. It is a trade center for an area producing natural gas, oil, and timber as well as sorghum, soybeans, cattle, and crawfish. and has low to moderate ash. Core from three drill holes in the West Field of Ivanhoe's Nariin Sukhait license area contain a number of indicators of metallurgical-grade (coking) coal; bituminous bi·tu·mi·nous adj. 1. Like or containing bitumen. 2. Of or relating to bituminous coal. Adj. 1. bituminous - resembling or containing bitumen; "bituminous coal" rank, high FSI FSI Foreign Service Institute FSI Fluid Structure Interaction FSI Fuel Stratified Injection FSI Federazione Scacchistica Italiana (Italian Chess Federation) FSI Free Standing Insert FSI Flight Simulator , low ash, very low phosphorous phos·pho·rous adj. Of, relating to, or containing phosphorus, especially with a valence of 3 or a valence lower than that of a comparable phosphoric compound. and low sulfur sulfur or sulphur (sŭl`fər), nonmetallic chemical element; symbol S; at. no. 16; at. wt. 32.06; m.p. 112.8°C; (rhombic), 119.0°C; (monoclinic), about 120°C; (amorphous); b.p. 444.674°C;; sp. gr. at 20°C;, 2. content. These qualities are amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment. for making coke, a critical component in steel making. The coal exhibiting these qualities appears to lie in the lower portions of the very thick seams (up to 50 metres) that have been intersected in the extensive drill program completed this year. Further work will define distinct benches which are suitable for use as a blend coal in producing coke for the Chinese steel industry. Core samples from other drill holes in the West Field area are now being tested. Once completed, geologic ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. models representing the distribution of key coal quality parameters will be prepared by Norwest. Additional efforts will focus on determining the stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat boundaries between the thermal and metallurgical-grade products. Salient aspects of analytical data include: - All samples indicate the coal rank (ASTM ASTM abbr. American Society for Testing and Materials ) as high volatile A bituminous (hvAb), containing volatiles of 32% - 35% on a dry basis. - Samples indicate a low to very low phosphorous content (0.001% - 0.010%). - Total alkali alkali (ăl`kəlī) [Arab., al-gili=ashes of saltwort], hydroxide of an alkali metal. Alkalies are readily soluble in water and form strongly basic solutions with a characteristic acrid taste. (K2O and NaO) content also is indicated to be low (0.23% - 1.01%). - Relatively low sulfur (0.3% - 1.0%) and low ash content on an unwashed (raw) basis (5.5% - 12.0%) are indicated. - A direct correlation Noun 1. direct correlation - a correlation in which large values of one variable are associated with large values of the other and small with small; the correlation coefficient is between 0 and +1 positive correlation appears to exist between increasing coal depth and increasing free swelling swelling /swell·ing/ (swel´ing) 1. transient abnormal enlargement of a body part or area not due to cell proliferation. 2. an eminence, or elevation. indices (FSI), with the higher values ranging between 6 and 8. - Selective mining may be able to produce a raw, low ash (less than 7%), high FSI (greater than 6) and low alkali (less than 0.35%) product. Though high volatile coals are not generally used alone in the making of coke, but they are commonly traded in the export market and typically blended with low and/or mid-volatile coals depending on specific customer requirements. Tables 1 & 2 illustrate the actual sample data and key metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. properties. Nariin Sukhait, Ivanhoe's most advanced coal project, is located approximately 40 kilometres north of the Mongolia-China border. Independent estimates prepared by Norwest Corporation of Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , based on drilling to August 9, 2005, total approximately 116 million tonnes of measured plus indicated resources(i) (see Ivanhoe Mines' news release October 16, 2005). New resource estimates based on drilling through mid-November, 2005, are expected before the end of the year. The resource estimates were prepared to depths of 250 metres. Though the recent analytical data is encouraging, it is clear that only a portion of the total resources contain these favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. metallurgical characteristics. "To put this information in perspective, the 2005 contract price range for seaborne sea·borne adj. 1. Conveyed by sea; transported by ship. 2. Carried on or over the sea. seaborne Adjective 1. carried on or by the sea 2. high-quality thermal coal is approximately US$45 to US$60 a tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. . Depending on quality, world prices for metallurgical coal range from US$70 for semi-soft coking coal to more than US$125 for hard coking coal," Mr. Wusaty said. "Northern China will likely be the end user of our coal from Nariin Sukhait and it is a market that is experiencing significant industrial growth and widespread coal shortages."
Table 1: Nariin Sukhait - Seam Interval - West Field Resource Area
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Seam Interval (m)
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Hole (i)Thickness
Number Sample Id From To Seam (m)
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NSW-35 S5 THRU S23 117.2 128.6 5 11.4
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NSW-35 S24 THRU S40 129.1 139.1 5 10.0
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NSW-35 S41 THRU S81 139.4 163.7 5 24.3
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NSW-35 S82 THRU S98 164.1 174.1 5 10.0
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NSW-35 S99 THRU S149 174.6 204.7 5 30.1
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NSW-35 S151 THRU S164 205.3 213.2 5 7.9
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NSW-35 S166 THRU S174 213.6 218.7 5 5.1
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NSW-35 S176 THRU S192 219.0 229.0 5 10.0
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NSW-36 S1 THRU S20 115.3 127.0 6b 11.7
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NSW-36 S22 THRU S31 134.7 140.5 6 5.8
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NSW-37 S13 THRU S57 31.7 58.6 5 26.9
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NSW-37 S58 THRU S97 58.6 82.6 5 24.0
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NSW-37 S98 THRU S116 82.6 93.2 5 10.6
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Table 2: Nariin Sukhait - Unwashed Composite - West Field Resource
Area
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Unwashed Composite
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Volat-
Volat- iles
Hole Ash Btu/lb iles Sulfur (MAF) Rank
Number Sample Id (% Dry) (%Dry) (% Dry) (% Dry) (ASTM) (ASTM)
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NSW-35 S5 THRU S23 6.7 13,654 34 0.93 36.5 hvAb
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NSW-35 S24 THRU S40 6.8 13,646 34 0.99 36.7 hvAb
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NSW-35 S41 THRU S81 6.6 13,714 35 0.71 37.2 hvAb
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NSW-35 S82 THRU S98 7.1 13,691 33 0.54 35.9 hvAb
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NSW-35 S99 THRU S149 5.5 13,844 34 0.48 35.9 hvAb
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NSW-35 S151 THRU S164 5.4 14,190 33 0.48 34.6 hvAb
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NSW-35 S166 THRU S174 12.0 13,159 32 0.76 36.9 hvAb
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NSW-35 S176 THRU S192 6.5 13,827 33 0.33 35.7 hvAb
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NSW-36 S1 THRU S20 9.3 13,146 34 1.05 37.4 hvAb
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NSW-36 S22 THRU S31 6.4 13,643 33 0.51 35.7 hvAb
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NSW-37 S13 THRU S57 7.4 13,296 33 0.96 36.3 hvAb
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NSW-37 S58 THRU S97 6.3 13,683 35 0.91 37.1 hvAb
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NSW-37 S98 THRU S116 8.1 13,194 34 0.93 37.8 hvAb
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Table 3: Nariin Sukhait - Key Metallurgical Properties - West Field
Resource Area
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Metallurgical Properties
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Max Dilato- Mean-
Flui- meter Max
dity Dila- Reflec-
Gies- tion tance Ine- Phos-
Hole HGI eler (% (% in rts phorus
Number Sample Id Grind FSI (DDPM) Max) Oil) (%) (% Dry)
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NSW-35 S5 THRU S23 56 3 4 -6 0.93 27.3 0.001
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NSW-35 S24 THRU S40 53 2 7 -18 0.91 26.7 0.001
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NSW-35 S41 THRU S81 56 5 12 -19 0.88 28.9 0.002
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NSW-35 S82 THRU S98 59 2 1/2 7 -22 0.89 30.1 0.002
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NSW-35 S99 THRU S149 57 6 1/2 27 -24 0.97 30.3 0.002
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NSW-35 S151 THRU S164 56 7 26 -25 0.96 27.3 0.001
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NSW-35 S166 THRU S174 57 7 130 0 0.89 27.7 0.005
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NSW-35 S176 THRU S192 NT 8 190 26 0.90 31.3 0.004
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NSW-36 S1 THRU S20 NT 6 8 -24 0.91 32.7 0.007
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NSW-36 S22 THRU S31 NT 7 1/2 108 18 0.85 23.8 0.007
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NSW-37 S13 THRU S57 NT 4 4 -22 0.87 27.0 0.010
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NSW-37 S58 THRU S97 55 3 9 -7 0.91 23.9 0.003
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NSW-37 S98 THRU S116 58 6 1/2 45 -24 0.95 32.7 0.004
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(i) All thicknesses shown are core sample thickness and do not
represent actual "true" seam thickness.
NT equals Not Tested
Qualified Person Richard Tifft, Vice President Geologic Services with Norwest Corporation and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this release. (i)Resources that are not reserves do not have demonstrated economic viability. The coal samples reported in the tables above were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. at the SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Beckley, West Virginia Beckley is a city in Raleigh County, West Virginia, USA and founded on April 4, 1838. The 2006 population was estimated to be 16,828 by the U.S. Census Bureau[1]. Early in its history, the town was known as Beckleyville and Raleigh Court House. , laboratory. Ivanhoe has engaged Norwest to provide consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" regarding the exploration and evaluation of the Nariin Sukhait property. Norwest has extensive coal experience in Mongolia including completing a pre-feasibility study of the Tavan Tolgoi coal deposit for the Mongolian Mon·go·li·an or mon·go·li·an adj. Relating to Down syndrome. No longer in technical use. Now considered offensive. Ministry of Infrastructure and Development, providing advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to the operating coal mines at Shivee Ovoo and Bagaa Nuur, and overseeing coal exploration programs in Mongolia for other multi-national mining and exploration companies. Ivanhoe shares are listed on the Toronto and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol IVN. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This document includes forward-looking statements. Forward-looking statements include, but are not limited to statements concerning Ivanhoe's planned coal development program, updated resource estimates, pre-feasibility studies, and other statements that are not historical facts. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should", and similar expressions are forward-looking statements. Although Ivanhoe Mines believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. and US securities regulators. Ivanhoe Mines Ltd. (TSX:IVN) |
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