Coalspur Mines Limited announced a Coal Resource upgrade of 87.2 million tonnes on Vista.
This increases the Company’s total Coal Resource to 1.46 billion tonnes.
Commenting on the Coal Resource upgrade on Vista, Managing Director and CEO, Gene Wusaty said “The update provides further confirmation that the resource base at Vista can support the development of one of the largest export coal projects in North America. As the Bankable Feasibility Study progresses we will reassess the reserve potential of each of the coal seams in the Coalspur formation and optimize the productive capacity of Vista.”
Highlights:
Coal Resource on the Vista Coal Project increased by 87.2Mt to 1.29Bt
Total Measured and Indicated Resources of Coalspur increased to 1,078.7Mt of which 710.2Mt is in the Measured Coal Resource category
New drill hole information will be incorporated into the current Bankable Feasibility Study and revised Coal Reserve estimates
Future drilling on Vista to focus on further definition of the McPherson, Val d’Or and McLeod seams and the delineation of the Silkstone seam on the north eastern section of the deposit
