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    coal investing

    Westcore Energy Ltd. Announces Initial Coal Resource Evaluation at the Panther Property

    Investing News Network
    Oct. 29, 2012 04:22PM PST
    Industrial Metals

    Westcore Energy Ltd. (TSXV:WTR) announced that it has completed an initial coal resource evaluation for the Panther coal property. The evaluation was completed after the first two drill programs at the property.

    Westcore Energy Ltd. (TSXV:WTR) announced that it has completed an initial coal resource evaluation for the Panther coal property. The evaluation was completed after the first two drill programs at the property.

    Highlights of the evaluation include:

    Measured Tonnes: 14,239,000

    Indicated Tonnes: 4,255,000

    Total Waste Quantities vs. Measured and Indicated Tonnes of Coal Strip Ratio of 1.5:1

    Inferred Tonnes: 9,130,000

    Westcore, President and CEO, Paul Conroy, commented:

    We are very pleased with the initial evaluation of coal resources from the Quasar deposit at Panther. Estimates of approximately half of the overall tonnage in the measured category and strip ratios of these proportions could bode very well for mining the Quasar deposit. Additionally, we are encouraged at the prospect of adding to the coal resources at Panther from the Quasar Satellite and Vesta targets in future drilling programs, as well as confirming resource categorizations on our other properties and deposits.

    Click here to read the Westcore Energy Ltd. (TSXV:WTR) press release

    See this press release on Marketwire
    Click here to see the Westcore Energy Ltd. (TSXV:WTR) profile

    coal investingwestcore energy ltdstrip ratiotsxv:wtr
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