Red Hill Energy & Prophecy updates on Mongolian Coal Production
Red Hill Energy Inc.(TSX VENTURE:RH) and Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:3P1) provided an update on recent activities underway to expedite production from Red Hill’s 100% owned Ulaan Ovoo thermal coal project in northern Mongolia.
Red Hill Energy Inc.(TSX VENTURE:RH) and Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:3P1) provided an update on recent activities underway to expedite production from Red Hill’s 100% owned Ulaan Ovoo thermal coal project in northern Mongolia.
The press release is quoted as saying:
Red Hill Energy has engaged Wardrop Engineering Inc., a leading international mining engineering company, to conduct a Preliminary Economic Assessment (“PEA”) on the 208 million tonne Ulaan Ovoo coal project (174.5 Measured, 35.9 Indicated and 34.3 Inferred).