Tabang Coal Project

Challenger Deep Resources Corp. (TSXV:CDE) announced an update to its Indonesia-based Tabang thermal coal project.

The press release is quoted as saying:

Exploration activity completed to the end of August on the 100% owned ATRP property includes the completion of coal outcrop mapping of the entire property, further test pitting and scout drilling. To date, 59 outcrops have been found and 63 test pits completed to expose the coal seams.

Challenger’s President and CEO, Ranjeet Sundher said:

“We are very pleased with the continuous progress on the ATRP property specifically and with the development of the Company’s broader Tabang Project area strategy. Our confidence in the coal quality and volumes discovered to date have resulted in our efforts to expand our project area land holdings and to initiate an aggressive campaign to develop these resources and to pursue the various regulatory approvals required to support this development.”

Click here to read the entire news release.