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- Release Date: 30/10/13 19:26
- Summary: MINE: BRL: Increase in Resources for Buller Coal Project
- Price Sensitive: No
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BRL
30/10/2013 17:26
MINE
REL: 1726 HRS Bathurst Resources (New Zealand) Limited
MINE: BRL: Increase in Resources for Buller Coal Project
Increase in Resources at Buller Coal Project
Highlights:
- Increase in Total Resource of 4.5% to 108.7 mt
- Increase in Measured Resource of 33% to 21.3 mt
- Maiden Measured Resource for North Buller of 2.4 mt
Bathurst Resources (New Zealand) Limited (NZX/ ASX: BRL, "Bathurst") is
pleased to announce an update to the coal resource tonnage for the Buller
Coal Project.
During the past year Bathurst has concentrated its exploration and
interpretation programme on increasing the confidence in the known resources
for South Buller and expanding the knowledge base of the North Buller
permits.
Since late 2012, a drilling programme of 96 holes was conducted across the
North Buller permits and 55 holes were drilled across the Denniston area.
This resulted in an overall increase in stated resources of 4.7 million
tonnes, taking the company's total resource base to 108.7 million tonnes. A
Measured Resource for North Buller has also been announced of 2.4mt.
Bathurst Managing Director Hamish Bohannan said: "We will be continuing with
exploration programmes designed to increase our knowledge of the geology and
stratigraphy of the Buller coal measures. This will lead to an increased
confidence in the resource base of the project overall."
The updated Resource Table is enclosed.
End CA:00243084 For:BRL Type:MINE Time:2013-10-30 17:26:16
