The company has also reported the amendment of its prospecting permit to cover an additional nine drill locations corresponding to Phase III of its exploration drilling program at the coal project.
Preliminary laboratory results for the five core samples of Phase I showed a high energy content with a range of 11,462 and 18,224 BTU measured on a dry and ash free basis (DAF).
Sulfur content ranged from 2.0% to 3.7% (DAF) while ash content ranged from 30.6% to 51.9% (DAF).
The company said its technical team is putting together a second set of core samples obtained from Phase II and will ship them to US-based Standard Laboratories for analysis.
