Jun 10 2014
Altitude Resources Inc. is pleased to announce that it has received formal Alberta Energy Regulator approval for a drill program on Elan Coal Ltd.'s property located in southwestern Alberta, Canada.
ELAN LEASE OWNERSHIP MAP & DRILL TARGET AREA
The coal exploration program calls for the drilling of four to six core holes and for specific coal quality analysis with an estimated budget of $1,500,000.
Commenting on the upcoming program Gene Wusaty, President and CEO said "The 2014 drill program is planned to commence later this year and is focused primarily on establishing coal quality. Initial field sampling and historical drilling indicates that the coal rank in the targeted drill program area is mid volatile coal."
Drill targets in the proposed program were identified in the fall 2013 preliminary field assessment program carried out by Dahrouge Geological Consulting ("Dahrouge") of Edmonton, Alberta. Dahrouge is expected to oversee the proposed Elan 2014 drill program. Altitude previously announced an initial NI 43-101 compliant Coal Resource estimate comprising of 62 million tonnes ("Mt") in the Measured and Indicated Mineral Resource category and 85Mt in the Inferred Mineral Resource category. Dahrouge has identified a 726 Mt exploration target for the Elan property. The largest component of the exploration target tonnage is located in the Wildcat and Grassy North areas in the southern area of the Elan property. The drill program is targeting this specific area which extends for approximately 15 km northward along strike and is in close proximity to existing rail infrastructure.
The Elan coal properties extend for 55 kms northward from Crowsnest Pass along strike in the Kootenay Group coal formation. Five different areas of interest with surface mineable potential have been identified from historic exploration work carried out by companies including CONSOL, Devon Canada, Granby Mining, CanPac Minerals, and Canadian Hunter dating back to the 1940's. More than 10 coal seams have been identified on the properties with thicknesses ranging from 3 to 10m. The Elan property has access to nearby rail and port infrastructure with spare capacity.