Coalspur Mines Limited - New Silkstone Seam Intersected Over 16km Strike At Vista Coal Project
25.02.2011 | ABN Newswire
09:32 AEST Feb 25, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Coalspur Mines Limited ('Coalspur' or 'Company') (ASX: CPL) (TSE: CPT) (PINK: CSPZF) is pleased to announce that the interpretation of the first phase development drilling has indicated the potential for the Silkstone seam to extend for over a 16km strike length within the Company's flagship project, the Vista Coal Project ('Vista').
The current development rotary drilling program is aimed at further investigating the Silkstone seam and confirming its strike length and extent within Vista with an aim to defining further potential Coal Resources. The Company has intersected the Silkstone seam with eight of the rotary drill holes completed in the Vista development drilling program. The information obtained from these holes has been used to confirm the 1980's historical information on the Silkstone seam.
Preliminary indications show that the Silkstone seam subcrops along a trend of over 16km and lies at a shallow dip and has surface mining potential. Results from the development drilling program and from previous geological studies indicate that the Silkstone seam is split into three sub-seams and has thicknesses up to 4.5 metres.
Two of the eight rotary drill holes were cored so coal quality and washability testing could be completed on the Silkstone seam. Historical coal quality data indicates that the Silkstone seam will be suitable for export.
It is important to note that Coal Reserves as indicated in the Pre-Feasibility Study do not include any potential mineable coal from the Silkstone seam. The significant potential strike length and cumulative coal thickness of the Silkstone seam have the potential to add to the production profile defined in the Pre-Feasibility Study. Only a small potion in the central lease area is included in Vista's Coal Resource estimate. The drilling program is focussed on greatly expanding the seam area over the remainder of Vista. Further drilling is being planned to extend the definition of the Silkstone seam to the western boundary limits of Vista.
For the complete Coalspur Mines Limited announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/66188-ASX-CPL-530743.pdf
About Coalspur Mines Limited:
Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is a coal exploration and development company based in Perth, Western Australia. The Company is listed on the Australian Securities Exchange.
The Company's Hinton Coal Project ('Project') is located in in the eastern foothills of the Rocky Mountains in Alberta, Canada. The Project is a large scale, open pit potential, thermal coal project located adjacent to the main line of the CN Rail which currently contains a JORC and NI 43-101 Coal Resource of approximately 339 million tonnes of low sulphur, high volatile, bituminous C thermal coal.
Contact:
Coalspur Mines Limited
Gene Wusaty
Managing Director and CEO
Telephone: +1-403-975-7901