American Power Corp announce the amendment of its prospecting permit to cover additional drill locations for Phase II of its exploration drilling program at the Pace Coal Project in Judith Basin County, Montana.
On July 29 2011, the Coal and Uranium Program of the Montana Department of Environmental Quality approved the Prospecting Permit No. X2011335, authorizing American Power to start Phase I of its exploration drilling program at the Pace Coal Project. The initial permit covered a total of 24 drill holes on 13 different locations and the amended permit covers an additional 16 drill holes on 9 different locations.
As of September 9, 2011, the Company had completed 5,750 feet of drilling on nine drill locations corresponding to Phase I of its coal exploration program. American Power expects Phase I to be completed imminently. The board of directors of the Company is very pleased with the results to date and has approved the initiation of Phase II of the drilling program as soon as Phase I is completed.
Mr Al Valencia President and CEO of American Power said "We are delighted to have received the approval from the Montana DEQ that covers Phase II of our drilling program. We are also pleased to inform our shareholders that preliminary findings to date are in line with our technical team expectations with seven out of nine drill targets encountering coal intervals. Drill cores will be shipped to Standard Laboratories, Inc in Casper, Wyoming for analysis according to ASTM standards. Initial sampling results are expected within two to three weeks."
American Power planned exploration drilling program consists of 61 drilling sites and will involve a total of 53,875 feet of drilling. The program aim is to place a significant portion of the coal holdings of the Pace Coal Project in the proven and probable reserve classification, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life. American Power exploration program will provide information relative to coal seam thickness, depth of cover expected top and bottom conditions and coal quality.
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