Next Steps For Bear
The Bear has been put on hold pending the results of the 2009
exploration drill program on the Raven Metallurgical coal deposit.
The Bear is approximately 10 km apart from the Raven and it
is anticipated that it would be developed in conjunction with
the Raven deposit. Recent showing between the two deposits
provide encouragement that this area could host in excess of
100 million tonnes of metallurgical coal.
The Bear Coal Project, which is approximately 10km to the northwest of the Raven Project, contains approximately 8.5 million tonnes of coal resources. These resources are not NI 43-101 compliant. An infill drill program will be needed to upgrade these resources to NI 43-101 compliant. No time frame has been determined as to when an infill drill program will take place. |
