Business
NI 43-101 resource estimate reinforces potential of East Energy's Hinton Coal Property
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES/ TSX-V symbol: EEC
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE\n\n\nUNITED STATES/\n\n\nTSX-V symbol: EEC\n\n\nVANCOUVER, Aug. 7 /CNW/ - East Energy Corp. (the "Company" or "East\nEnergy") (TSX-V: EEC) is pleased to report on recent progress at its Hinton\nCoal Property in the Foothills Region of central Alberta, underscored by the\nCompany's National Instrument 43-101-compliant technical report on the\nproperty independently prepared by Norwest Corporation.\n\n\n"The results of the 43-101 technical report reinforce our belief in the\nHinton Property's strong development potential," said Howard Ratti, President\nand CEO of East Energy. "The high volatile bituminous low sulphur coal of the\nHinton Property indicates that it is suitable for the international export\nthermal-coal market after beneficiation. At a time when global energy\nrequirements are skyrocketing and thermal coal used in electricity production\nis in high demand, in China and other regions, there is a great need for new\nsources of this coal."\n\n\nEast Energy is continuing its preliminary evaluation of the Hinton\nProperty and is exploring possible approaches and strategies for future\ndevelopment of the project.\n\n\nThe Hinton's Property's estimated in place coal resources, as reported in\nthe 43-101 technical report, are as follows:\n\n\n In-Place Coal Resources Suitable for Surface Mining to 12:1 Strip Ratio\n------------------------------------------------------------------------\n (tonnes)\n --------\n-------------------------------------------------------------------------\n Measured Indicated Inferred\n-------------------------------------------------------------------------\nHV C Bituminous 47,032,000 2,557,000 161,000\n (thermal)\n-------------------------------------------------------------------------\n\n\n In-Place Coal Resources Suitable for Surface Mining from 12:1 to\n ----------------------------------------------------------------\n 20:1 Strip Ratio\n ----------------\n (tonnes)\n --------\n-------------------------------------------------------------------------\n Measured Indicated Inferred\n-------------------------------------------------------------------------\nHV C Bituminous (thermal) 33,339,000 23,838,000 8,559,000\n-------------------------------------------------------------------...