Rey Resources drilling has confirmed the strike extent of the coal outcrop for two kilometres to the north, beyond the coal reserves in the existing mine plan at its Duchess Paradise thermal coal export project.
The presence of the continuous shallow coal occurrences potentially extends the proposed mine life at the project in the Canning Basin, Western Australia boosting the proposed above ground slot mining from the current plan of 10 years to about 13 to 14 years.
Also, the additional coal intercepts have the potential to expand the resources across an additional 22 square kilometres of tenement holdings adjacent to the current JORC resource. Down dip extensions of resources have been confirmed. There is an established JORC Reserve of 26.3 million tonnes thermal coal at the project based on detailed mining plans. Current drilling is expected to be completed in October.
Drilling has confirmed the presence of P1 Seam coal ranging in thickness from 0.98 to 1.47 metres. The company completed drilling along 500 meter centers during the season for a total of 2,500 metres in 20 rotary holes. Coal quality sampling will continue during the 2012 season.
Further drilling at the Duchess Paradise has also confirmed additional extensions to the P1 Seam resource with coal intersections in 38 holes for 5,800 metres, confirming further coal occurrences down-dip up to two and half kilometres to the east of the existing JORC Inferred Resource limits
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