The recently started ground magnetic survey covering the northern sector of Newera Resources’ Ulaan Tolgoi project in the South Gobi basin is expected to be completed within two weeks. Newera has noted that the recent discovery of a black coal bearing sub-basin immediately adjacent to the northern boundary of the Ulaan Tolgoi licence, and subsequent tests have produced shallow, mineable intersections of high quality black coal.
Minor coal outcrops and a number of water wells along the Nariin Sukhait thrust fault 300 kilometers to the west of Ulaan Tolgoi led to the discovery of the large MAK and Ovoot Tolgoi coking/thermal coal deposits.