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Fox Resources confirms high quality coking coal

World Coal,

Fox Resources (FXR) has announced that the coal quality samples collected from Fox 6 on EPC 1523 confirm the coal is high quality hard coking coal.

Bundaberg coal project

Although the drilling did not sample the thickest of the main seam intersections at the Bundaberg project, the company said that the initial raw ply coal quality results FXR006CQ were very encouraging.

The three main seams all report raw ash of less than 10% with raw calorific values exceeding 7000 kcal/kg for large sections of the seams.

Drilling program

Drilling has now been completed with Fox 3 being drilled to 298 m to complete the first stage of the drilling program. Results will be released once the coal seams have been identified by the geophysical interpretation of the down hole geophysical logging.

Several of the initial planned holes were not drilled due to a modified interpretation of the coal seams within the tenement.

With the completion of Fox 5 and Fox 10 that failed to intersect the coal measures at depth several of the holes to the west were not drilled.

International Coal cooperation

Given the recently announced data sharing agreement with International Coal there was no requirement for further infill drilling at this stage. This meant that Fox 2 was not drilled.

With the completion of Fox 3 all the intersections will be modelled with the aim of estimating a resource. This estimation should be complete by the end of March.

Adapted from press release by Katie Woodward

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