Montem Resources starts drilling at Chinook coal project
2020-09-24 15:08:50 [Print]
Australia's Montem Resources has kicked off a drilling program at the Chinook Vicary area of its Chinook coal project in southwest Alberta, Canada.
The company just listed on the ASX last week after completing an $8 million initial public offering and aims to establish itself as a supplier of Canadian coking coal to the global steel industry.
Chinook Vicary is one of two areas in the project, the other being Chinook South. A JORC resource based on historical exploration results has estimated a total of 149.1 million tonnes of coal (103.8Mt indicated and 45.3Mt inferred) for the whole project, with the resource report including a Chinook Vicary exploration target estimate of an additional 125-450Mt coal.
Montem's drilling program aims to confirm the Chinook Vicary product coal quality as hard coking coal. The area contains the historical Vicary mine, which exported high-quality hard coking coal to Japanese steel mills prior to shutting down in the late 1970s.
The drilling also intends to intersect and define areas of structurally thickened coal seams that were identified by historical drilling at Chinook Vicary, to investigate the open cut mining potential of the project.
The company just listed on the ASX last week after completing an $8 million initial public offering and aims to establish itself as a supplier of Canadian coking coal to the global steel industry.
Chinook Vicary is one of two areas in the project, the other being Chinook South. A JORC resource based on historical exploration results has estimated a total of 149.1 million tonnes of coal (103.8Mt indicated and 45.3Mt inferred) for the whole project, with the resource report including a Chinook Vicary exploration target estimate of an additional 125-450Mt coal.
Montem's drilling program aims to confirm the Chinook Vicary product coal quality as hard coking coal. The area contains the historical Vicary mine, which exported high-quality hard coking coal to Japanese steel mills prior to shutting down in the late 1970s.
The drilling also intends to intersect and define areas of structurally thickened coal seams that were identified by historical drilling at Chinook Vicary, to investigate the open cut mining potential of the project.
