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 | | Bow River Coal, Saskatchewan
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| Status: | | Development stage |
| Commodity: | Thermal coal |
| Ownership: | 100% Virginia Energy |
| Operator: | Virginia Energy |
| Location: | La Ronge, Saskatchewan |
| Mineral Rights: | 7260 hectares in 30 coal leases |
Virginia holds a 100% interest in 30 coal leases covering the entire Bow River Coal Field. There are no underlying royalties or work commitments. The property is very well located with respect to infrastructure and services. Bow River Coal is located just south of the town of La Ronge in north central Saskatchewan, and is directly adjacent to paved Regional Highway No. 2 and a newly completed regional distribution power line.
Brascan Resources Limited drilled off the Bow River Coal Field in 1973 and 1974. A total of 72 holes were completed over an area of approximately 11 km long by 4.5 to 6.5 km wide. A geologic resource of 88.8 million tons of shallow, potentially open pitable, Lignite A coal, possibly suitable for thermal power generation, was delineated (Assessment file 73-I-14-0015, Brascan Resources Limited, C.B. Newmarch, P.Eng., Feb. 28/75). The resource calculation, while considered to be reliable and relevant, was made prior to the implementation of the more rigorous resource calculation requirements of Canada's National Policy 43-101, and the reader is cautioned that there is no certainty that these resources can or will be converted into an economical reserve. The core area within the resource was estimated to contain sufficient coal to feed a thermal power plant in the 150 MW to 200 MW range for more than 30 years.
In May 2006, the Company completed an initial Phase 1 diamond drill-coring program. A total of 16 vertical HQ-diameter holes (totaling 501 meters) were drilled to verify coal and overburden thickness. The area tested is approximately 11 km NW-SE by 7 km NE-SW. Coal was intersected in 11 of the holes, 2 holes were terminated prior to reaching their targeted depth because of drilling problems, and 3 holes did not encounter coal having been placed beyond the erosional edge of the coal field. Drilling identified numerous individual coal seams on the concessions. As an example, Hole # SanBrc-06-013 intersected 8 separate coal seams varying in thickness from 10 cm to 3.8 m. The basal, thickest seam appears to be the most laterally consistent.
A 20-hole sonic-drill program has been proposed to provide geotechnical information on the 30-metre thick, unconsolidated material overlying the deposit. Contingent upon favourable geotechnical characteristics of the overburden, further core drilling is required to support a 43-101 compliant resource calculation and to obtain a metallurgical sample. The geotechnical results are important to assessing the economic viability of this potential open pit deposit.
This property is available for option or outright sale as it is not core to the Company's current focus on uranium.
Maps and Figures
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