Atrum Coal Continues Thick Canadian Coal Intersections

THE DRILL SERGEANT: Atrum Coal (ASX: ATU) recently completed the RAB drilling component of the 2020 field program at the company’s 100 per cent-owned Elan hard coking coal project in southern Alberta, Canada.

Atrum Coal has completed 102 holes at the Elan project, 94 of which were drilled within the Scoping Study pit shell, reducing the typical hole spacing to 100 – 200 metres in most areas.

Eight RAB holes were drilled to the north of the Scoping Study pit shell, mainly as sterilisation drilling for potential ex-pit waste dump locations under consideration in the current PFS.

The final RAB holes will target areas where thrust faulting occurs.

The drilling predominantly focused on Inferred resource areas within the optimised pit shell that was identified in the Elan project Scoping Study, targeting upgrades to resource classification for inclusion in the PFS mine schedule.

Atrum consistently encountered thick, shallow coal intersections, demonstrating that cumulative apparent coal thicknesses continue to average over 30m per hole within the pit shell, starting from as little as 3m below surface.

Total apparent coal intersections over the past month include;

88.8 metres in ISRAB20-057;
80.6 metres in ISRAB20-056; and
76.8 metres in ISRAB20-055.

“Program delivery, both RAB and coring, has been strong and keeps us well on track for the targeted resource update in 4Q 2020,” Atrum Coal managing director and CEO Andrew Caruso said in the company’s announcement to the Australian Securities Exchange.

“Most importantly, the results of the 2020 program have to date validated our resource expectations at Isolation South.

“We have been successful in demonstrating both the continuity and thickness of target coal seams in key Inferred resource areas.

“These outcomes bode well for the resource update later this year and the mine schedule to be incorporated into the Elan project PFS due in mid-2021.”

 

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Email: info@atrumcoal.com

 

Web: www.atrumcoal.com