The company has announced an amendment of its prospecting permit to cover additional drill locations for the Phase II drilling program.
In July, the Coal and Uranium Program of the Montana Department of Environmental Quality approved the Prospecting Permit No. X2011335, authorizing the company to begin Phase I of its exploration drilling program at the Pace Coal Project.
The initial permit covered 24 drill holes on 13 different locations and the amended permit covers an additional 16 drill holes on nine different locations.
American Power’s board of directors has approved the initiation of Phase II of the drilling program as soon as Phase I is completed.
The company’s planned exploration drilling program consists of 61 drilling sites and will involve a total of 53,875ft of drilling.
The 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, American Power said.
