International Coal (ASX: ICX) has made a fast start to 2012 with three drill rigs turning at the South Blackall Project, which is strategically located in a highly prospective region of south western Queensland.
With that momentum, a maiden JORC Resource for South Blackall is planned in the first half of 2012.
Significant drilling has occurred over the last 2 days with coal seams and intersections occurring at levels consistent with 4 holes drilled in late 2011.
Downwire logging is being undertaken this week and will continue with all holes drilled.
The company has a 22 hole program to be completed in the short term.
International Coal has already confirmed a significant coal seam structure at the project. South Blackall has an exploration target of 8.8 billion tonnes of thermal coal.
South Blackall strategically located
South Blackall comprises an area of 769 square kilometres and consists of 250 sub-blocks, and is located 80 kilometres north-east of Quilpie in south-west Queensland and is part of the Eromanga and Galilee Sedimentary Basins.
Providing a major advantage for International Coal is the existing infrastructure, with the permit located close to road and rail that can provide direct access to the Port of Brisbane.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24366/international-coal-recommences-coal-drilling-at-south-blackall-jorc-resource-first-half-2012-24366.html
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