News: Stratos Resources delivers maiden coal resource at Hinton in Canada

Stratos Resources (ASX:SAT) has revealed a maiden JORC resource estimate for the Hinton North coal project under option in Alberta, Canada.

There is 106,766 kilotonnes in the higher confidence measured and indicated categories, and 8,720 kilotonnes in the inferred category.

There are numerous operating mines in the area and the major east-west rail line is 10 kilometres south of the project which links to the domestic market and the West Coast Canadian ports for export.

The market for coal in the area includes domestic coal consumption with potential for export via rail transport to the West Coast ports of Vancouver and Prince Rupert to the key coal consumers in Japan, South Korea and China.

The company believes there may be an opportunity to rework some of the historical mining studies undertaken on the project with a view to applying new and improved mining technology.

The coal is ranked as High Volatile C Bituminous. This coal is a medium rank, consolidated, black coal that produces between 22,000 and 25,000 kilojoules per kilogram on an as-received basis when burned.

The coal has moderate moisture content and is bright to dull in lustre, medium hard and often has a blocky texture.

Stratos is targeting the similar quality as other mining projects close to Hinton as they are reportedly the same seam sequence and rank.

The target will be a product specific energy of as received calorific value between 5,500 to 5,800 Kcal/kg and low sulphur at less than 0.4% total.

There are 9 seams with the following key quality characteristics based on coal quality analyses from 17 of the drill holes.