NEWERA RESOURCES INFORMS QUARTERLY ACTIVITIES

Ulaanbaatar /MONTSAME/ Australia-headquartered Newera Resources has released a report for the March quarter 2014, which includes information on activities of its Ulaan Tolgoi Project in Mongolia. Newera reports that during the period it completed a Phase 1 drilling program testing the seismic reflectors interpreted to exist within the southern and far northeastern sectors of the licence by seismic consultants Logantek LLC. Initial interpretation and modeling of the Ulaan Tolgoi seismic program results by Logantek indicated a number of strong seismic reflectors underlying lines A, E, B, F and D of the seismic survey, the report says. The terrain in the southern sector of Ulaan Tolgoi is a vast flat lying plain covered for the most part with deep quaternary sediments. There is no apparent outcrop. The seismic survey interpretation indicated a series of valid greenfields targets with the potential to intersect coal within what was interpreted to be potential late Permian P2 coal-bearing strata, the report says. The Ulaan Tolgoi project is located in the South Gobi region of Mongolia – 100 kilometres from the Chinese Border. In terms of coal, the South Gobi province of Mongolia is known as the epi-centre of recent exploration and mining developments particularly for coking coal and high energy thermal coal within southern Mongolia. The Ulaan Tolgoi Licence is a large licence covering 43,000 hectares in area.