Coalspur Mines Limited (ASX:CPL) Successfully Completed Initial Drilling At Vista South And To Commence Bulk Sample And Drilling Program
Perth, Sep 13, 2010 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (PINK:CSPZF) ("Coalspur" or "Company") is pleased to announce that it has successfully completed an initial stage 19 rotary hole drilling program at the Vista South Project ("VSP") which has been undertaken to:
- Assist the Company in delineating an initial resource estimates for the VSP;
- Enhance the geological understanding of the Entrance Syncline coal structure, which occupies the major portion of the VSP area;
- Conduct initial drilling activities on the newly acquired coal leases at VSP;
- Confirm the validity of the data from the substantial amount of historical drilling that has already been conducted on the VSP in the 1970's and 1980's.
The drilling rigs have now been mobilized to commence a rotary, core and a coal bulk sample program at the Vista Coal Project ("VCP"). VCP has a Coal Resource of over 900 million tonnes of low sulphur, high volatile bituminous, export quality thermal coal with over 810 million tonnes (90%) of the resource in the Measured and Indicated category.
The development drilling program at VCP will include 46 rotary holes, 20 core holes and a bulk sample which is located close to sub-crop and is being completed to:
- Upgrade the resource classification of portions of the current Inferred / Indicated Coal Resource Categories to the Indicated / Measured Coal Resource categories;
- Allow further assessment of coal quality and product specification information in the initial mining area from the bulk samples;
- Deliver core samples for pilot plant testwork;
- Provide additional geological and geotechnical information to assist with the current Pre-Feasibility Study and upcoming Bankable Feasibility Study;
- Complete sterilisation drilling to determine coal boundaries in potential waste dump and haul road sites.
Commenting on the importance of this ongoing exploration activity, Gene Wusaty, Managing Director and CEO, said: "We are very pleased with how the initial drilling has progressed at the Vista South Project. The initial drilling program has been timely as we were also able to carry out some drilling on the newly acquired coal lease at VSP, which will be a great advantage going forward. The indications are positive with the information now being assessed to assist us in developing an initial resource estimate for this project."
"Within the week we will commence development drilling at the Vista Coal Project. This program will provide data on geological structure and also additional samples for quality analysis of the coal seams across the newly purchased assets. Washability tests will also be conducted on the samples to provide more data for the development of a process design specification for the Vista Coal Project's coal wash plant and provide technical information on the product to potential future customers."
VSP Drilling Program
The VSP is located immediately to the south of the Vista Coal Project.
The drilling program is designed to enhance the geological and resource understanding of the Entrance Syncline coal structure, which occupies the major portion of the VSP area. It involves drilling on the nose area on the northwest end of the property, and along the north limb of the syncline which has a very long strike length of approximately 24 kms.
The initial program includes 19 rotary drill holes targeting three specific areas. Results from this program are expected to be available in the December 2010 quarter and will be combined with the results from the drilling conducted on the VSP in the 1970s and 1980s.
Once the initial data has been interpreted the second phase of drilling will be initiated later in the year. The next phase will include additional rotary drilling for geology structure definition and some initial core drilling for coal quality testing.
VCP Bulk Sampling and Development Drilling Program
This program is designed to obtain a bulk sample and carry out an infill drilling program around the existing drilling on the newly acquired VCP leases. The drilling will be located within the VCP mine plan boundaries identified in the ongoing Pre-Feasibility Study ("PFS"). VCP has a Coal Resource of over 900 million tonnes of low sulphur, high volatile bituminous, export quality thermal coal with over 810 million tonnes (90%) of the resource in the Measured and Indicated category.
The program, which is has now been mobilized includes 46 rotary holes, 20 core holes and a bulk sample. It is located close to sub-crop along the trend of the Val D'Or and McPherson seams which gently dip to the northeast.
The initial core drilling will take approximately one month to complete and lab and washability testing results are expected to be available by year end. The bulk sample will concentrate on the thickest and uppermost Val D'Or seam will be carried out using large diameter (15 cm) core drilling. The bulk sample is expected to be sent out for testing in October 2010.
The rotary holes will form part of the infill drilling required to upgrade the resource classification from Inferred / Indicated Coal Resource categories to Indicated / Measured Coal Resource categories.
For the complete Coalspur announcement including figures and pictures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/63695-ASX-CPL-505017.pdf
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific countries.
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