Colonial Coal International Corp. {TSX.V: CDA} has provided the following update on the company’s recent exploration activities undertaken on its Flatbed coal property located in northeastern British Columbia.
The drill program was for 2,830 metres, and conducted between June and September.
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2017-10-30 09:51 ET – News Release
Mr. David Austin reports
COLONIAL COAL PROVIDES UPDATE ON FLATBED EXPLORATION.
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Colonial Coal International Corp. {TSX.V: CDA} has provided the following update on the company’s recent exploration activities undertaken on its Flatbed coal property located in northeastern British Columbia.
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The primary objectives of the exploration work were to identify potentially underground minable coal resources within the Gates formation (which hosts established surface and underground minable coking coal reserves and resources on a number of projects to the south, west and northwest of the Flatbed property) and to establish initial coal quality parameters. Activities focused on the northwestern portion of the property, which hosts one of the main target areas identified by the company’s independent consultant (previously announced in January, 2013).
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Exploration was carried out between late July and early October, 2017. Work focused upon the drilling of five, widely spaced, HQ-size diamond drill holes on four separate drill sites for a total of approximately 2,830 metres of drilling. Associated activities included downhole geophysical logging; geological core description; coal (plus seam roof and floor) core sampling; geotechnical logging, sampling and on-site testing; plus limited geological mapping. Core samples have now been submitted to Birtley Coal and Minerals Testing (Calgary, Alta.) for coal quality analysis and to Golder Associates Ltd. (Burnaby, B.C.) for geotechnical testing.
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Colonial has retained Norwest Corp. (Salt Lake City, Utah) to undertake a report compliant with the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Properties, which will incorporate all the data acquired during the 2017 Flatbed exploration program plus additional data from certain historical oil/gas exploration wells. The company expects the technical report to be completed during the winter of 2017.
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David Austin, president and chief executive officer of Colonial, commented on the company’s recent exploration activities as follows: “I am very pleased with our recent exploration activities at Flatbed and we expect our results and related NI 43-101 report to be very positive going forward.”
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This news release has been reviewed by John Perry, a director of the company and a qualified person as defined in NI 43-101.
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About Colonial Coal International Corp.
Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on coking coal projects. The northeast coal block of British Columbia, within which the corporation’s projects are located, hosts a number of proven deposits and has been the subject of merger and acquisition activities by Xstrata, Walter Energy, Anglo-American and others.
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