Coalspur Mines Limited Expands Vista Coal Project
08.06.2011 | ABN Newswire
09:41 AEST June 8, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Coalspur Mines Limited (ASX: CPL) (PINK: CSPZF) (TSE: CPT) is pleased to announce that it has further expanded its coal lease position with the acquisition of an additional 1,200 hectares of Crown Coal Leases. The acquisition increases the Company's land position to 33,271 hectares.
Commenting on the acquisition of the new leases the Company's Managing Director and CEO, Mr Gene Wusaty, said 'The location of the newly acquired coal leases further consolidates our land holdings in the area and will provide synergies with our existing land holdings. We are now assessing their potential as part of our ongoing program to expand the resource base for the Vista Coal Project.'
To view the map of the acquired Crown Coal Leases, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/544610.pdf
About Coalspur Mines Limited:
Coalspur Mines Limited is a coal exploration and development company with over 32,000 hectares of coal exploration leases located within the Hinton region of Alberta, Canada. Coalspur's flagship coal project is the Vista Coal Project which has the potential to be one of the largest export thermal coal mines in North America.
Coalspur has offices in Calgary and Hinton in Canada as well as in Australia. The Company's goal is to develop a major new thermal export coal region in Alberta to meet growing energy demands worldwide and in particular of the insatiable Asia Pacific market. The Company is dual listed on the Toronto Stock Exchange under the symbol 'CPT' and on the Australian Securities Exchange under the symbol 'CPL'.
Contact:
Gene Wusaty
Managing Director & CEO
Tel: +1-403-975-7901