Coalspur managing director and CEO Gene Wusaty said that the upgraded resource will be incorporated into the final mine planning being conducted on the project in the PFS.
The VCP Coal Resource upgrade estimate has been based on the addition of recently obtained historical drillhole information into the geological database; addition of the Silkstone seam which underlies the McPherson Seam in the central part of the deposit.
The Silkstone seam historical drilling indicates three coal plies with an aggregate thickness of up to 4.5m; reinterpretation and modelling of the merged boundary areas of the Hinton East, Hinton West, Z-Block and McLeod River North leases which now form the VCP; and reinterpretation of all coal seam splits and partings.
Coalspur coal resources now totals over 1.37Bt of low sulphur, high volatile bituminous, export quality thermal coal with the VCP resource accounting for 1.20Bt and the Vista South Coal Project accounting for 168.3 million tones.
Further resource drilling programs are currently underway to expand the coal resource over the company’s large 32,000ha coal lease position in the Hinton region of West Central Alberta.
