CPL 0.00% 2.2¢ csl finance plc

resource estimates???, page-4

  1. 331 Posts.
    Hi Marvdog, there was a commitment in CPL's March quarter report to publish resource upgrades.

    Coalspur Project:
    "Going Forward

    The Company has an exciting quarter ahead with a substantial amount of activity scheduled,
    including:

     Commencing reporting of the Coal Resource estimates for the Companys Coalspur Project (CSP) which will be announced progressively over the coming months."

    Hinton Coal Project

    2010 Drill Program

    During the quarter the Company completed its first phase of drilling comprising 10 core holes within the proposed mine boundaries developed as part of the Companys recently completed Scoping Study on the HCP. The core samples have been shipped to ALS Laboratory Group in Vancouver, BC for washability and quality testing. Importantly, core recovery was in excess of 90%.
    Results are expected by June 2010."

    Reading other ASX notices lodged in the last few months, it's hard to tell where the Coalspur Coal Project (CCP) leases fit in to the renamed Vista Project. I can't tell if Vista comprises the original Hinton Coal Project leases wrapped in with the new Z Block and McLeod North leases only, or also includes the CCP leases. Nevertheless, the March quarter report does indicate resource upgrades on CCP at least would be delivered by June 30.
    Cheers, Apataki
 
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