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Updated drilling results from Polish coal project

World Coal,

Prairie Downs Metals Limited has released updated drilling results after completing two of seven boreholes at its Lublin thermal coal project in Poland.

The Borowo and Kopina 1 drill holes are part of a seven hole drilling programme which was designed to enhance the Lublin project’s geological model and define outer boundaries of the various coal seams, validate historical drilling conducted in the 1970s and 1980s, and to update the coal quality and washability database within the exploration area.

The results of the deep rotary drilling, down-hole geophysical surveys and drill core logging at the initial two boreholes are consistent with the preliminary geological model for the target economic seams at the Lublin project. Core recoveries in excess of 95% have been achieved from the high quality 391 coal seam in both boreholes. The 391 seam represents the largest inferred resource estimate at 327 million t and the highest quality of coal.

The Borowo and Kopina 1 boreholes are the first to be drilling in the Lublin coal basis according to international (JORC Code compliant) and Polish standards. Prairie Downs Metals explained that the experiences gained by the completion of the first two boreholes would be applied to expedite the remainder of the drilling campaign. Drilling for the third and fourth boreholes has already commenced.

“These boreholes are the first of their kind in the LCP [Lublin Coal Project] concession area in over 30 years and have successfully recovered essentially the entire core. This is an excellent result given the size and length of the core being retrieved. Analysis is underway and will greatly enhance the existing historical geological data on the Project. Importantly, the attendance by various regional community leaders at a ceremony to bless the drilling sites is testament to the strong community support for the Project. The Lublin Coal Project represents a potential long term strategic energy supply for Poland and Europe, with a high quality resource base capable of underpinning significant investment in the Lublin region. Development of the Project will provide future opportunities for the local community through the creation of jobs and economic growth,” commented Mr Stoikovich, CEO of Prairie Downs Metals.

Lublin consists of four coal licenses covering 182 km2 in the Lublin Coal Basin and boasts a total inferred coal resource estimate of 1.6 billion t.

Adapted from press release by Katie Woodward

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