Proactive Investors - Run By Investors For Investors

Pacific American Coal’s drilling lays platform for news flow from Elko Coking Coal Project

The company has secured what was one of the last unpegged coal areas in the East Kootenay basin.
scenery at Elko project
JORC 2012 compliant resource of 257 million tonnes

Pacific American Coal Ltd (ASX:PAK) has entered an exciting period following the commencement of drilling activities at its Elko Coking Coal Project in British Columbia, Canada.

In Elko, PAK has secured what was one of the last unpegged coal areas in the East Kootenay basin.


As a result, the company now finds itself sitting on a large strategic holding in one of the world’s premier coking coal basins.

The remodelling of historical information along with its own work has enabled PAK to define an initial JORC 2012 compliant resource of 257 million tonnes at Elko.

The primary objective of the current drilling program is to utilise modern exploration drilling and testing techniques to confirm the quantum and quality of the resource at Elko.

Specifically, PAK has planned a program of up to 11 rotary and spot core holes to test the geology, consistency and thickness of the seams, and recover sufficient core to undertake quality testing of the target seams.

READ: Pacific American Coal begins exploration at Elko project in British Columbia

So far, the weather has been kind to the company, with the snow melting sufficiently to enable the commencement of the construction activities as planned in early July.

PAK is planning to complete all drilling and reclamation activities by the end of October.

The assay and lab results will then follow with the intention of publishing an updated resource statement during the first quarter of 2019.

View full PAK profile View Profile

Pacific American Coal Ltd Timeline

Related Articles

November 05 2018
Historical high-grade ore stockpiles present an early cashflow opportunity.
Bauxite on a ship
January 21 2019
The company will undertake a number of site preparation activities in the March quarter.
wedding rings
February 05 2019
Alba holds 11.765% of the Horse Hill project near Gatwick Airport in the UK’s Weald basin

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use