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PACIFIC COAL PROVIDES UPDATE ON PROJECTS, INVESTMENT IN OPTION AGREEMENT, AND Q1/2011 RELEASE DATE
Jun. 23, 2011 (Canada NewsWire Group) -- TORONTO, June 23, 2011 /CNW/ - Pacific Coal Resource...
About this update from Canter Resources Corp
[{"type":"text","content":"\n\n\n Jun. 23, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, June 23, 2011 /CNW/ - Pacific Coal Resources Ltd. (TSX-V: PAK)\n announced today the commencement of exploration drilling at its high\n quality steam coal and asphaltite property at La Tigra; the completion\n of the new truck fleet delivery; an update on the Barranquilla Port,\n coke operation infrastructure, and the Company's new website; and an\n update on the previously announced investment option agreement. The\n Company also confirms its first quarter 2011 earnings release date.\n\n\nLuis Carvajales, Chief Executive Officer of Pacific Coal, commented: "We\n are pleased that the Company is progressing according to plan. By\n exploring the upside potential at La Tigra, we aim to achieve a\n National Instrument 43-101 compliant technical assessment by the first\n quarter of 2012, which we expect will significantly increase our\n reserves and contribute to the organic production growth by late-2012.\n We anticipate timely execution of all of our active projects in order\n to achieve our growth objectives."\n\n\nExploration at La Tigra\n\n\nDrilling at the La Tigra deposit began on June 19, 2011 with the\n objective of the preparation of a National Instrument 43-101 compliant\n technical report by the first quarter of 2012.\n\n\nRM Tecnoperforaciones SAS was selected to undertake drilling operations\n at La Tigra after a competitive bid process. RM Tecnoperforaciones SAS\n is a renowned and reput...