MetroCoal (ASX: MTE) has begun its drilling program of 30 holes in the Surat Basin in South East Queensland.
With the improvement in ground conditions following the exceptional wet season in the region, two drill rigs are now in place and operating.
Theo Psaros, MetroCoal's Chief Operating Officer, said “we are very pleased to have confidently started this program in priority coal target areas that are down dip or along strike of major coal deposits."
"We are now firmly underway and look forward to the completion of a successful program,” he added.
The company said the drilling program of 30 holes will be focussed on five priority areas being Bundi, Norwood, Miles West, Miles North and Miles East project areas.
These are all highly prospective for underground mining targets which are also close to planned rail infrastructure.
http://www.proactiveinvestors.com.au/companies/news/6259/metrocoal-kicks-off-drilling-program-at-surat-basin-6259.html
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