New Coal Seam Discovered on East Kalimantan Coal Concession
Wednesday April 18, 11:07 am ET
KAL Energy, Inc. is pleased to confirm a second coal seam has been discovered on its East Kalimantan Coal Concession. The drilling results of the previously announced $2,000,000 Phase 1 exploration program indicate that the new seam is approximately 1.5m thick with extent and quality to be determined by further drilling; the new seam was not part of the original 192 million ton geological resource estimate. This additional seam can drastically increase the amount of coal that can be mined by KAL Energy on their concessions.
"The drill program is starting to better define the coal resource beyond the initially identified 4.5 meter seam and we eagerly await further results and definition over the coming months," stated Cameron Reynolds, KAL Energy's CEO. The work program, currently in progress, includes over 5,700m of deep drilling, with 57 holes planned at depths ranging from 50m to over 200m.
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