Coalspur: Commencement of Second Phase Drilling at Vista Coal Project
Monday, 21 February 2011 10:19
Highlights:
Commencement of second phase development drilling at the Vista Coal Project to further confirm coal quality and upgrade existing resource classifications
Initiated drilling that focuses on defining the structural potential of the Vista coal sequence to support underground longwall mining to access potential additional coal reserves that are outside the current mine plan limits
Investigating geotechnical aspects of the coal bearing sequence in the Coalspur Formation to confirm highwall stability assumptions for dragline and truck/shovel mining
Installing piezometers for water measurement as part of the continuing program to advance technical studies for development planning and permitting
Coalspur Mines Limited (ASX: CPL, TSX: CPT) is pleased to announce that the second phase of development drilling at the Company’s flagship project, the Vista Coal Project has now commenced.
In addition to undertaking further confirmatory drilling for the upcoming Bankable Feasibility Study (“BFS”), the program has been designed to investigate the underground longwall potential at Vista. The Company is also steadily progressing programs focused on the mine planning and permitting component of the Vista development and upcoming BFS.
Commenting on the importance of the drilling activity, Managing Director and CEO, Gene Wusaty said “We expect to get a substantial amount of critical information from this drilling program which has been designed to upgrade the existing resource classifications and provide further confirmation of the coal quality across the Project’s very large strike length, which exceeds 20 kilometres. Technical information from this program will greatly assist us when we formally commence the BFS.”
“Furthermore, the potential for additional reserves from underground longwall mining in Vista provides Coalspur with an exciting opportunity to increase the production capacity of the potential mine.”
