Coalspur Mines Limited (ASX:CPL) Expands Vista Coal Project
Perth, June 8, 2011 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (PINK:CSPZF) (TSE:CPT) is pleased to announce that it has further expanded its coal lease position with the acquisition of an additional 1,200 hectares of Crown Coal Leases. The acquisition increases the Company's land position to 33,271 hectares.
Commenting on the acquisition of the new leases the Company's Managing Director and CEO, Mr Gene Wusaty, said "The location of the newly acquired coal leases further consolidates our land holdings in the area and will provide synergies with our existing land holdings. We are now assessing their potential as part of our ongoing program to expand the resource base for the Vista Coal Project."
To view the map of the acquired Crown Coal Leases, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/544610.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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