NMG's potential - sweetJuly 3 NR announces potential for coal on claims abutting GXS's Sask coal discovery...
This is in addition to:
CARIBOO PLACER PROPERTY:
During 2007 the new steel building was completed at the site. A new secondary separation and collection plant was installed in the building. This plant is able to separate the material into fraction sizes of 0 - minus 20; minus 40; minus 60; minus 80 and minus 100 mesh.
The Company processed approximately 2,450 cubic yards of raw materials through the primary field plant from which 2 cubic yards of concentrated raw materials were recovered. This concentrate was then processed through the secondary separation and collection plant. The plant proved to be highly efficient in rapidly separating the heavy gold, very fine gold and extremely fine gold from the black sands. The black sand concentrate is known to carry various rare earths and metals such as platinum, palladium and rhodium. The black sands can now be saved by the Company in greater quantity.
Freezing conditions at the mine limited the testing and degree of separation that could be carried out using the secondary system. Testing was focussed on the fraction of material between minus 20 to minus 40 mesh size, resulting in the recovery of 16.66 ounces of raw gold. Gold purity ranges from 87% to 91% fine, which is consistent with historical values obtained by the Company in prior years. The remaining fractions contained visible gold and are being securely held for final separation and collection in early 2008.
A large area of pay materials 14 meters (45 feet) in width, 10.4 meters (34 feet) in depth and 34.1 meters(112 feet) in length has been exposed. At the base of the pay gravels the bedrock continues to dip downward. This usually indicates an increase in thickness as the pay gravels are followed. A huge deposit of black sands has also been exposed. Should this trend continue, it would be consistent with the four dimensional program (4DIM) previously carried out by the Company.
NOBLE HYDROCARBONS ALTA LTD.
Oil Shale Properties
In 2007, the Alberta Subsidiary obtained all necessary provincial and local government approvals and access agreements with landowners in order to conduct the first phase of an exploration program, consisting of nine holes on the Tisdale Permits. The first phase of the diamond drill program was completed in late October.
As reported by Ivan Young P. Geo., our Consulting Geologist, based on detailed logging of the cores, all holes intersected till and cretaceous sediments followed by oil shales and intervals of heavy black oil shale horizons. The drill program showed that the oil shale formation underlying the three oil shale exploration permits extends 19 kilometers (11.8 miles) in a north-south direction and 14 kilometers (8.7 miles) in an east-west direction. Substantial intersections of shale containing hydrocarbons were encountered varying from 41 meters (135 feet) - 77 meters (253 feet).
The overall drill program indicates that the “oil shale formation” is part of an extensive basin that has been traced from Central Saskatchewan southeast to the Manitoba - U.S. borders. The continuous oil shale formation reaches from known tested areas at Hudson Bay to the west of the permitted holdings near Tisdale, Saskatchewan, spanning a total east-west distance in excess of 100 kilometers (60 miles). The oil shales dip gently to the southwest with the upper contact zone being nearer the surface on the Hudson Bay oil shale exploration permitted land and ranges from 67 meters (220 ft) to 157 meters (517 ft) in depth in the Tisdale permitted area.
Throughout the drilling program, samples of core were collected for analysis by specialized laboratories in Texas. The company is awaiting a report on all conventional testing of the oil shales sampled for hydrocarbon content and recovery. The company is also awaiting reports on the efficacy of new Technologies (discussed below) to efficiently extract the hydrocarbons contained in our oil shales in both in situ and above ground processes.
Technology Licenses:
The Insitu Hycraft Technology, owned by Dragon Keystone LLC, involves a downhole application of a catalyst to conventional oil, oil sands and oil shale deposits. The Technology has been developed over the course of 25 years of experimentation by senior Russian and Canadian scientists. The Technology is expected to increase the yield of oil extraction at the wellhead and is particularly useful in heavy oil and oil sands deposits, as it holds the promise of hydrocarbon extraction from such deposits without destructive distillation. Our Alberta Subsidiary has acquired the exclusive right for the use of Insitu Hycraft throughout Canada.
The Cracking Hycraft Technology, owned by Infinity Petroleum, LLC, involves a post wellhead process which includes the application of ultrasonic waves to the heavy oil, bitumen or kerogens using energy derived from the collapse of bubbles (cavitation) to crack at lower temperatures (between 25C and 80C) and pressures (between 150 PSI (pounds per square inch) and 300 PSI) the larger hydrocarbon molecules into smaller molecules thereby reducing or entirely eliminating the need for coking of the hydrocarbons. The technological license for Cracking Hycraft acquired is limited to those properties in which our Alberta Subsidiary owns or has the right to develop the hydrocarbon resources.
The application of the Technologies to the hydrocarbon resource is expected to increase the API gravity (the scale used in the petroleum industry for measuring the density of petroleum products). The higher the API gravity is the lighter the petroleum product. The heavy oils may be changed from 6 degrees to 32 degrees API, while the API gravity for medium oils may be changed from 28 degrees to 46 degrees API. As the density of the oil is reduced, for each barrel of heavy oil processed, the overall volume of end product is increased. The physical plant and infrastructure requirements are small. The use of the Technologies will involve a low environmental footprint.
GLTA & enjoy - HJ