American Power Corp. Receives Approval for Phase II of Exploration Drilling Program at Pace Coal Project

American Power Corp. (OTC:AMPW) announced that its prospecting permit has been amended for the next phase of drilling at the Pace Coal Project.

The press release is quoted as saying:

American Power’s planned exploration drilling program consists of 61 drilling sites and will involve a total of 53,875 feet of drilling. The program’s aim is to place a significant portion of the coal holdings of the Pace Coal Project in the proven and probable reserve classification, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life.

American Power’s President and CEO, Al Valencia said:

We are delighted to have received the approval from the Montana DEQ that covers Phase II of our drilling program. We are also pleased to inform our shareholders that preliminary findings to date are in line with our technical team’s expectations, with seven out of nine drill targets encountering coal intervals.”

Click here to read the entire news release.