Cuesta Coal (ASX:CQC) announced the start of its exploration activities at the wholly-owned Eastern Galilee Project located in Queensland.
As quoted in the press release:
Coal has now been intersected over a north‐south strike length of ~4.5km and remains open to the south. Cuesta will complete a further 13 open holes with exploration activities focusing on identifying seam thicknesses, lateral extent in both a easterly and westerly direction, regional seam dips and in areas of maximum coal thicknesses, coring will be completed to attain coal quality information.
Get Our Expert Guide to Coal Investing FREE!Download this FREE Special Report, Coal Price Forecast 2015 Types of Coal, Coal Prices and Coal Stocks