New Age Exploration Limited announced that it has commenced its Phase1 Drilling
Program at theLa Miel thermal coal project locatedintheCesar Basin, northern
Colombia.
Highlights
1. Drilling contract recently signed with local Colombian drilling contractor LTGeoperforacionesYMineríaLtda for 3 open holeboreholesalongwithwirelinegeophysicallogging.
2. Drilling rig and support equipment being mobilized to LaMiel.
Estimated schedule for drilling completion is:
1st borehole(LM2) Mid June2012* 2nd borehole(LM3) End July 2012* 3rd borehole(LM1) EarlySeptember2012*
Based on seismic interpretation, the La Miel Project has a Conceptual ExplorationTarget of 50.
Source - New Age Exploration
(www.steelguru.com)
Highlights
1. Drilling contract recently signed with local Colombian drilling contractor LTGeoperforacionesYMineríaLtda for 3 open holeboreholesalongwithwirelinegeophysicallogging.
2. Drilling rig and support equipment being mobilized to LaMiel.
Estimated schedule for drilling completion is:
1st borehole(LM2) Mid June2012* 2nd borehole(LM3) End July 2012* 3rd borehole(LM1) EarlySeptember2012*
Based on seismic interpretation, the La Miel Project has a Conceptual ExplorationTarget of 50.
Source - New Age Exploration
(www.steelguru.com)
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