🕐11.09.12 - 03:27 Uhr

INTERNATIONAL COAL [ASX: ICX] - POSITIVE PHASE 2 DRILLING RESULTS -EPC 2197, SOUTH BLACKALL



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International Coal [ASX: ICX] 
http://www.intercoal.com.au/


Positive Phase 2 drilling results -EPC 2197, South Blackall

International Coal Limited (ASX: ICX) has provided the following commentary on preliminary drill results of the company’s Phase 2 drill programme from its South Blackall project EPC 2197 – now referred to as “South Gumbardo Creek Project”.

Highlights: 

  • 25 holes have now been drilled on site over 16 locations at EPC2197.
  • Drilling in Phase 2 has identified better and thicker coal seams across the project area with the majority of coal seams encountered between 35 and 150 metres.

       
  • Drill Hole SB16 has identified a single seam of greater than 5.50 metres at a depth of just over 90 metres.

    The cumulative seams within this hole is significantly higher.
  • ICX expects a substantial increase to its previously announced Total Inferred coal resource of 728 million tonnes to date.
  • Coal quality and quantity from Phase 2 is likely to improve the overall results from our original Phase Programme.
  • At the end of Phase 1, of the total Inferred resource, 349 million tonne has “Raw” (unwashed) Gross Calorific Value in the range of 4,360 – 5,040 Kcal/kg (see table 4 in the attached).
  • Washing and treatment of raw material could be expected to increase Gross Calorific Values by around 10 – 20% from raw / unwashed values.
  • Modelling indicates a resource of simple structure with no faulting and Shallow, simple synclinal structure with dips of 1-3o on the limbs.
  • Low in-situ Cumulative Strip Ratio.

Click here for full announcement

For further information, please contact: 
Hugh Dai

Executive Director
0416 186 888
 
David Round
Director
0411 160 445
 
Media/investor enquiries:
Fortbridge 
+61 2 9003 0477
Jeffrey Coote +61 414 535 433
Email:
 
Bill Kemmery +61 400 122 449
Email:  






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