re: Ann: Atrum Coal Intersects Thick Shallow ... Atrum Coal...

re: Ann: Atrum Coal Intersects Thick Shallow ... Atrum Coal intersects thick shallow coal seams at Groundhog project in Canada
Friday, July 05, 2013 by Proactive Investors

Atrum Coal (ASX:ATU) has hit paydirt, intersecting thick shallow coal seams including 6.8 metre thickness at 30.4 metres depth at its 1.57 billion tonnes flagship Groundhog project in British Columbia in Canada.

With project progression Altrum is aiming to produce a sub-10% ash anthracite lumps and anthracite fines product to supply to metallurgical export markets in Japan, Korea, China and the Americas.

As part of its exploration program, Atrum has completed first five drill holes out of 37 proposed diamond core drill holes, with shallow intercepts at its s70 seam.

The s70 seam is interpreted to be a shallow and wide coal seam that has shown shown high yield as well as premium grade anthracite and ultra low volatile PCI coal.

Other significant intercept included 3.4 metres thickness at 10.65 metres depth.

The results are from its 2013 field season, which aimed at completing in-fill reserve definition drilling, to identify the preferred target area for a bulk sample and coal type at Groundhog.

The exploration program will also allow Atrum to progress its discussions with potential anthracite off-takers.

A collection of bulk sample will also allow it to simulate a run of mine wash scenario that will help optimise a yield and also the product portfolio.

Atrum has already started the environmental and baseline monitoring studies including hydrogeology, hydrology and geotechnical studies.

It is also progressed the scoping study as well as port access agreements.

It will start the pre-feasibility study at Groundhog with an initial focus on the north-west zone to delineate a mineable reserve during the fourth quarter of 2013.