Business
Resource Update
Resource Update.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n RNS Number : 1826H Anglo Pacific Group PLC 16 February 2010 \n \n\n \n \nNews Release\n \n16th February 2010\n \nAnglo Pacific Group plc\n \nInitial NI43-101 and JORC compliant Coal Resource at Panorama Coal Project, Groundhog Coalfield, British Columbia, Canada\n \n \nAnglo Pacific Group PLC (\"Anglo Pacific Group\" or \"the Company\") is pleased to announce an initial potentially open pittable coal resource estimate for the Discovery Section of the Panorama Coal project located in the Groundhog Coalfield northwest British Columbia, Canada.\n \n· Initial NI43-101 & JORC compliant Indicated Coal Resource of 13.7 million tonnes, Inferred Coal Resource of 24.1 million tonnes and a NI43-101 compliant Speculative Resource of 70.2 million tonnes at the Discovery Section of the Panorama Coal Project.\n \n· Historical studies indicate a low volatile anthracite to semi-anthracite coal which washes down to an ash of 10% and a calorific value of around 7,500Kcal/kg.\n \nThe coal resource estimate is based on drilling and exploration undertaken by a joint venture of National Coal Corporation Ltd., Placer Development Ltd., Quintana Minerals Corporation, B.C. Hydro and Power Authority, Imperial Metals Corporation, Groundhog Coal Ltd. and Gulf Canada Resources in the 1960's and 1970's and Gulf Canada in the 1980's. In 1970, the joint venture drilled six diamond drill holes on the property, totalling 1,029.3m, and collected 31 coal samples. In 1981, Gulf Canada drilled six diamond drill holes on the property, totalling 1,016.84m and collected 11 samples.\n \nThe resource estimate was prepared by Moose Mountain Technical Services (MMTS), an independent consultancy based in Canada. The resource is reported in accordance with the Canadian National Instrument 43-101 and GSC Paper 8-211 (Table 1) and the Australian JORC code (Table 2). The NI43-101 compliant Speculative Resource category has no JORC equivalent. \n \n\n\n\n\nTable 1\nPanorama Coal NI43-101 Resource Estimate\n\n\n\n\nResource Category\n\n\nMetric\nTonnes\n\n\n\n\nIndicated\n\n\n13,700,000\n\n\n\n\nInferred\n\n\n24,100,000\n\n\n\n\nSpeculative\n\n\n70,200,000\n\n\n\n\n \n \nThe qualified persons, as such term is defined in NI 43-101, who prepared the minera...