Challenger Deep Resources Corp. Provides Update on Barito Coal Project

Challenger Deep Resources Corp. (TSXV:CDE) reported development progress at its Barito coal project in Central Kalimantan, Indonesia. Drilling at the KEM license commenced on April 20, 2013 and, up to June 16, 2013 a total of 25 holes, 1,213m, have been completed.

As quoted in the press release:

The drilling completed to date indicated that the zone covering seams 4-6 now comprises a package of eight seams. Seams 5 and 6 have now been tested to a maximum vertical depth of 65m and display excellent continuity, extending for a strike length of 600m through the KEM IUP and open along strike to the NW and SE. This confirms initial interpretations that the seams strike into neighbouring properties including the ABBR production license. The seams strike at 320 degrees and dip at approximately 30 degrees to the NE and are located on the western limb of a broad, shallow synform structure. The discovery of additional seams has the potential to increase the overall scope of the Barito project.

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