MetroCoal
MetroCoal (ASX: MTE) is an emerging Australian coal-based energy company focused on projects in the Surat Basin in South East Queensland.
MetroCoal drilling targets resource upgrade at Bundi Coal Project
Friday, February 11, 2011
MetroCoal (ASX: MTE) has commenced drilling using contractors on the Bundi Project area aiming to increase resource confidence to Indicated level and provide further data for preliminary mining studies.
The project is within EPC 1164 near Wandoan, in South East Queensland. One rig is drilling and additional rigs will be mobilised in the coming weeks.
The drilling program consists of 70 holes on a 800 metre offset grid pattern to optimise drill spacing for resource estimation.
Additional geological data will confirm that the targeted Kogan and Macalister Seams are continuous and correlatable and suitable for long wall mining in the Bundi Project.
Drilling will also extend southeastwards to increase geological information of the down dip extensions of the Xstrata Wandoan Deposit and potentially bring additional large areas to resource confidence.
MetroCoal holds extensive coal exploration tenements in the Surat Coal Basin covering approximately 4,000km2.
MetroCoal has an exploration target of between 2.5 and 3.5 billion tonnes with a JORC Code classification of “inferred” or better, by December 2011 for evaluation for conventional underground coal mining and where more suited, Underground Coal Gasification.
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