Cobalt Releases Proposed Property Technical Report Results

Cobalt Coal Ltd (TSXV:CCF) announced the release of the NI 43-101 Technical Report, which evaluated the metallurgical coal bearing properties of the Virginia, USA properties the company proposed to acquire. metallurgical coal bearing properties of the Virginia, USA properties the company proposed to acquire.

As quoted in the press release:

The Metallurgical Coal Resources estimated above are situated on six different tracts, each containing multiple seams of coal as further detailed in the “General Information” section below. A detailed economic evaluation was then performed, to a feasibility study level of confidence, on 2 seams out of the 11 identified seams, located on 3 of the 6 tracts proposed to be acquired.

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