American Power had retained Weir International of Downers Grove, Illinois (Weir) to prepare an exploration drilling program and to supervise its execution in order to evaluate the coal reserve potential on the company’s Pace Coal property.
American Power subsequently approved the drilling program presented by Weir and the company is currently working on the drilling permitting process with the objective to initiate drilling operations during the first quarter of 2011.
American Power’s planned drilling program consists of 61 drilling locations and would involve a total of 52,740ft of drilling.
The program’s aim is to place a significant portion of the coal holdings in the company’s acreage in the proven and probable reserve classifications, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life.
The drilling will be followed by a period of interpretation and modeling, which will lead to independent reserve and mine feasibility studies to be produced by Weir.
