Newera Resources to farm into South Gobi coal project: "Proactive Investors reported that Newera Resources has inked a binding Memorandum of Understanding to form a JV to explore the large Ulaan Tolgoi Project in the South Gobi province of Mongolia.
The 43,830 hectare project lies 84 kilometres south of one of the world’s largest untapped coking and thermal coal deposits the 6.4 billion tonne Tavan Tolgoi.
The Ulaan Tolgoi licence Newera is farming into is considered prospective for coal in concealed extensions of the late Permian coal bearing Tavan Tolgoi Group rocks of the South Gobi Basin.
Visible in satellite imagery, striking east to west through the south of the licence is the Sonduult thrust fault."
'via Blog this'
