Altitude Resources Receives Drill Permit for Elan Coal Properties

Altitude Resources Inc. (TSXV:ALI) has received formal Alberta Energy Regulator approval for a drill program on Elan Coal Ltd.’s property in southwestern Alberta. The coal exploration program will include the drilling of four to six core holes as well as specific coal quality analysis with an estimated budget of $1,500,000.

As quoted in the press release:

Drill targets in the proposed program were identified in the fall 2013 preliminary field assessment program carried out by Dahrouge Geological Consulting (“Dahrouge”) of Edmonton, Alberta. Dahrouge is expected to oversee the proposed Elan 2014 drill program. Altitude previously announced an initial NI 43-101 compliant Coal Resource estimate comprising of 62 million tonnes (“Mt”) in the Measured and Indicated Mineral Resource category and 85Mt in the Inferred Mineral Resource category. Dahrouge has identified a 726 Mt exploration target for the Elan property. The largest component of the exploration target tonnage is located in the Wildcat and Grassy North areas in the southern area of the Elan property. The drill program is targeting this specific area which extends for approximately 15 km northward along strike and is in close proximity to existing rail infrastructure.

Altitude Resources CEO, Gene Wusaty, said:

The 2014 drill program is planned to commence later this year and is focused primarily on establishing coal quality. Initial field sampling and historical drilling indicates that the coal rank in the targeted drill program area is mid volatile coal.

Click here to read the Altitude Resources Inc. (TSXV:ALI) press release

See this press release on Marketwire

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