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Strategies & Market Trends : The Saskatchewan / Manitoba Coal Thread
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To: Proud Deplorable who wrote (265)7/30/2009 8:37:48 AM
From: Goose94  Read Replies (1) of 340
 
News July 30, '09
Goldsource Mines GXS-V) has discovered a new subbasin, named Niska, at its wholly owned Border project located near Hudson Bay, Sask. The Niska Sub-basin is approximately 5 kilometres by 10 kilometres in size and contains at least three areas ("Areas") with coal intercepts aggregating up to 62 metres in true thickness.

Twelve core holes totaling approximately 2,100 metres have been drilled during the summer program using a helicopter supported drill rig. The most significant coal intervals occurred in the Niska Sub-basin and included holes BD09-105 and BD09-107 with true aggregate thicknesses of approximately 28.0 metres and 62.0 metres respectively of dull to bright coal with similar visual and geophysical characteristics. Holes BD09-105 and BD09-107 are located approximately 10 to 15 kilometres northeast and north, respectively, of the discovery Areas Chemong 03 and Chemong 06 and are also near to rail and highway access. All holes drilled to date (see attached map: media3.marketwire.com were designed to test new targets outside the discovery area with the exception of hole BD09-106. This hole was a re-drill of DB08-02 which was previously terminated in a coal zone.
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