The expansion would increase the explorer’s holdings to 86 licenses covering 2.7 million acres on Nanavut territory’s far-flung Ellesmere Island.
Canada Coal president and chief executive Braam Jonker said the company expected to be granted the exploration rights in time for the next planned phase of drilling.
“Additional acreage has been applied for in order to extend property borders in areas where high-quality thermal coal was discovered with low sulfur and low ash content,” he said.
“We have now commenced permitting for the upcoming phase-2 exploration drilling program and anticipate between 9000-10,000m of drilling to be conducted.”
A historical inferred resource of the 100 coal seams in the area was calculated in the order of 21.9 billion tonnes of coal in 1981.
Inferred coal resources for the area within 200m of the surface have been estimated at 21Bt, not NI 43-101 compliant.
