Drilling operations for Phase I of the company’s coal exploration program has been started on PH1-2 and PH1-3 drill holes.
The company said that its planned exploration drilling program consists of 61 sites and will involve a total of 53,875ft of drilling in three different phases.
The first phase consists of a total of 13 drilling locations, while the second and third phases consist of a total of nine and 39 locations, respectively.
The exploration program will provide information relative to coal seam thickness, depth of cover, expected top and bottom conditions and coal quality.
According to the company, this program aims to place a significant portion of the coal holdings of the Pace coal project in the proven and probable reserve classification, with an ultimate goal of establishing sufficient resources to support a greater than 20-year operational mine life.
