Altitude Resources Acquires New Coking Coal Lease Applications at Altitude North Project, Alberta
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Altitude Resources Inc. has acquired new Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta.
The additional coal leases cover an area of 3,367 hectares and are located near Grande Cache, Alberta — approximately 60 km north-west of the company’s Palisades Coal Project and less than 10 km from the Grande Cache Coal Mine property. The Altitude North Project is in close proximity to CN rail which has spare capacity and the coal can be shipped to either Vancouver or Prince Rupert ports which have spare capacity. The addition of the new leases increases the company’s land position at its Altitude North Project to approximately 12,460 hectares.
“Altitude North is one of the few areas remaining in Alberta which has never been properly explored for coking coal. The property is located next to the Grande Cache coal mine. It offers us an excellent opportunity to prove up a potentially significant mid volatile coking coal deposit close to rail and port with spare capacit. We are now planning a field program for 2017 to further explore the property and determine potential drilling targets,” said Gene Wusaty, CEO of Altitude.
In 2014 Altitude Resources Inc. had discovered a multiple near surface mid volatile coking coal deposit at its Altitude North property. The property stretches over a length of 23 km (northwest to southeast). Seven individual seams were identified ranging in estimated true thickness from .3 to 6.0 meters. Significant coal seam intersections were identified and stretch along the entire extent of the property. Testing indicated the coal rank to be Mid Volatile Coking coal. Initial historic Alberta government exploration reports showed some coal outcrops which were identified from field work in the 1960 - 1980s but there are no reports of any field drilling.
About Altitude Resources
Altitude Resources is a Canadian coking coal exploration and development company focused on developing its portfolio of coking coal properties in the province of Alberta, Canada. Altitude’s properties are all located within close proximity to rail with spare capacity and the ability to provide transport of coal to deep-water ports on the west coast of Canada to service the growing demand from world markets.
To stop by Altitude Resources’ website, CLICK HERE
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