Coalspur Mines Limited (ASX:CPL) New Silkstone Seam Intersected Over 16km Strike At Vista Coal Project
Perth, Feb 25, 2011 AEST (ABN Newswire) - Coalspur Mines Limited ("Coalspur" or "Company") (
ASX:CPL) (TSE:CPT) (PINK:CSPZF) is pleased to announce that the interpretation of the first phase development drilling has indicated the potential for the Silkstone seam to extend for over a 16km strike length within the Company's flagship project, the Vista Coal Project ("Vista").
The current development rotary drilling program is aimed at further investigating the Silkstone seam and confirming its strike length and extent within Vista with an aim to defining further potential Coal Resources. The Company has intersected the Silkstone seam with eight of the rotary drill holes completed in the Vista development drilling program. The information obtained from these holes has been used to confirm the 1980's historical information on the Silkstone seam.
Preliminary indications show that the Silkstone seam subcrops along a trend of over 16km and lies at a shallow dip and has surface mining potential. Results from the development drilling program and from previous geological studies indicate that the Silkstone seam is split into three sub-seams and has thicknesses up to 4.5 metres.
Two of the eight rotary drill holes were cored so coal quality and washability testing could be completed on the Silkstone seam. Historical coal quality data indicates that the Silkstone seam will be suitable for export.
It is important to note that Coal Reserves as indicated in the Pre-Feasibility Study do not include any potential mineable coal from the Silkstone seam. The significant potential strike length and cumulative coal thickness of the Silkstone seam have the potential to add to the production profile defined in the Pre-Feasibility Study. Only a small potion in the central lease area is included in Vista's Coal Resource estimate. The drilling program is focussed on greatly expanding the seam area over the remainder of Vista. Further drilling is being planned to extend the definition of the Silkstone seam to the western boundary limits of Vista.
For the complete Coalspur Mines Limited announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/66188-ASX-CPL-530743.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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