Canada-based Goldsource Mines, engaged in the exploration and development of Canada's newest coal field in the province of Saskatchewan, has completed the final eight holes of the summer phase of drilling at its wholly-owned Border Project (Border) located near Hudson Bay, Saskatchewan, Canada.
The drilling encountered 23 to 50 meter coal intercepts. Drilling to date has discovered 15 coal deposits at border with potential for additional coal discoveries.
The summer program and border drilling has discovered the “Niska” sub-basin with three new coal deposits with aggregate true coal thicknesses ranging from 23 to 62 meters. The border drilling identified six new coal deposits in previously discovered sub-basins.
The 13 drill holes intercepted aggregate coal thicknesses ranging from 5.5 meters to 62.0 meters. Its 20 drill holes totaling 3,267 meters were drilled at border. A total of 355 coal samples were sent to Loring Labs in Calgary, Alberta for proximate analyses.
A 5000 line kilometres of airborne geophysics were completed over the Border, Ballantyne and selected areas in Manitoba which successfully identified a number of potential coal bearing sub-basins. A total of 15 discrete, shallow coal deposits of various dimensions have now been identified within a 15 kilometre radius at Border.
J. Scott Drever, president of Goldsource Mines, said: “Since the discovery of this unique coal field 16 months ago, we have explored only a small portion of the 1300 square kilometre property with 115 drill holes.
“We have been rewarded with 15 different deposits in six separate sub basins that contain coal thicknesses averaging approximately 25 meters and have coal intervals ranging up to 100 meters in true thickness. The primary objective for our continued exploration efforts has been to identify priority areas that potentially contain sufficient coal resources that may be economically developed.”
During the summer program, 20 core holes totaling approximately 3,267 meters have been drilled using a helicopter supported drill rig. The coal intervals occurred in the Niska sub-basin and included holes BD09-107 and BD09-108 with true aggregate thicknesses of approximately 62.0 meters and 50.1 meters respectively of dull to bright coal with similar visual and geophysical characteristics.
Holes BD09-107 and BD09-108 are located approximately 10 to 15 kilometers northeast and north of the discovery areas Chemong 03 and Chemong 06 and are also near to rail and highway access.