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Colonial Coal announces combined results of Flatbed and Huguenot projects

Coal News - Published on Wed, 16 Jan 2019

Image Source: World Coal
David Austin, Colonial Coal International Corp’s President and CEO, announced on 21 December 2018 that the company had filed on SEDAR a Technical Report, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Properties requirements, detailing the results of the recently completed Preliminary Economic Assessment for the Gordon Creek Project (Gordon Creek) that forms part of the company’s 100% owned Flatbed metallurgical coal property located approximately 27km south-southeast of Tumbler Ridge in northeast British Columbia, Canada.

The PEA for the Gordon Creek Project is the second such study to be completed for Colonial Coal’s coking and metallurgical coal projects during 2018; the first being that for the Huguenot coking coal Project (Huguenot).

The Gordon Creek PEA is preliminary in nature and includes inferred mineral resources that are considered to be too geologically speculative to be subject to economic considerations that would enable them to be categorised as mineral reserves. There is no certainty that the forecast results stated in the Gordon Creek PEA will be realised.

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Posted By : Rabi Wangkhem on Wed, 16 Jan 2019
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