American Power Corp. Approves Exploration Drilling Program

American Power Corp (OTC:TGMP) announces an update to it’s Pace Coal Project Exploration.

The press release is quoted as saying:

American Power’s planned drilling program consists of 61 drilling locations and would involve a total of 52,740 feet of drilling. The program’s aim is to place a significant portion of the coal holdings in our acreage in the proven and probable reserve classifications, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life. The drilling will be followed by a period of interpretation and modeling, which should lead to independent reserve and mine feasibility studies to be produced by Weir.

Al Valencia, American Power Corp’s CEO says:

“We are very excited to have finalized the design of our drilling program and to be now working on getting the necessary approvals to begin field operations during the first quarter of next year.”

To access the entire news release, click here.

To access American Power Corp’s company website, click here.