Altitude Resources (TSXV:ALI) has announced that it has acquired a new Alberta Crown coal lease application adjoining its Altitude North property in Alberta.
As quoted in the press release:
The additional coal leases cover an area of 3,367 hectares (see map) and are located near Grande Cache, Alberta – approximately 60 km north-west of the company’s Palisades Coal Project and less than 10 km from the Grande Cache Coal Mine property. The Altitude North Project is in close proximity to CN rail which has spare capacity and the coal can be shipped to either Vancouver or Prince Rupert ports which have spare capacity. The addition of the new leases increases the company’s land position at its Altitude North Project to approximately 12,460 hectares.
“Altitude North is one of the few areas remaining in Alberta which has never been properly explored for coking coal. The property is located next to the Grande Cache coal mine. It offers us an excellent opportunity to prove up a potentially significant mid volatile coking coal deposit close to rail and port with spare capacity,” said Gene Wusaty, Altitude’s CEO. “We are now planning a field program for 2017 to further explore the property and determine potential drilling targets.”