Canada Coal Files Technical Report for Nunavut Properties

Canada Coal Inc. (TSXV:CCK) announced that it has filed an technical report for its Nunavut Coal Properties, which comprise seven coal licence areas.

As quoted in the press release:

Geological mapping and surface sampling results from the 2012 exploration program have confirmed the presence of widespread coal occurrences within Canada Coal’s Fosheim Peninsula exploration licences. The 2012 program was successful in identifying numerous targets at surface exhibiting over 5 kilometer strike lengths and comprising multiple seams aggregating over 15 meters of low-sulphur and low-ash, high quality thermal coal which form the basis of a proposed Phase 2 exploration drilling program detailed in the Technical Report. The Company intends to focus future exploration within the Fosheim Peninsula region.

Canada Coal’s President and CEO, Braam Jonker, said:

We are very pleased with the outcome of our 2012 exploration program, confirming the presence of abundant high quality thermal coal with low ash and sulphur levels in the Fosheim Peninsula region. Historical reports indicate the presence of a multi-billion tonne coal resource (not NI43-101 compliant) on our Fosheim license areas.

To view the whole press release, click here.