Red Hill Energy & Prophecy updates on Mongolian Coal Production

- March 19th, 2010

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).

Click here to access the entire press release

Click here to access Red Hill Energy Corporate Site

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