Artic explorer outlines drill targets

JUNIOR explorer Canada Coal has completed preliminary mapping and sampling at its Fosheim thermal project in the Canadian Arctic.

Justin Niessner

An updated technical report covers 75 active licenses over 2.4 million acres on Ellesmere and Axel Heiberg Islands in the far north territory of Nanavut.

Canada Coal said geological mapping and surface sampling results from its 2012 study had been filed and confirmed the presence of widespread coal occurrences in the area.

Surface targets were identified as having more than 5km strike lengths and comprising multiple seams aggregating more than 15m of coal.

Coal has so far been qualified by the company as low-sulfur and low-ash.

The work has been in preparation for a drill campaign planned to recover 9000m of core over 160 holes and establish a NI 43-101 compliant resource estimate.

A historical inferred resource of the 100 coal seams on the Fosheim Peninsula was calculated in the order of 21.9 billion tonnes of coal in 1981.

Inferred coal resources for the area within 200m of the surface have been estimated at 21Bt, not NI 43-101 compliant.

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