Nerox Energy Corporation Discovers 18 Million Tons of Bituminous CoalReserves in Jonesville Mine
IRVINE, Calif.--(BUSINESS WIRE)--Dec. 1, 1997--Nerox Energy Corporation (OTC:NROX) announced today that the preliminary results from the core drilling project recently completed by Sumitomo Coal Mining Co., Ltd., uncovered 18 million tons of coal on Nerox Power Systems' coal lease. Nerox Power Systems, Inc. is a Division of Nerox Energy Corporation.
The recent completion of drill hole number two had several unexpected surprises. The recent drill holes revealed 44 feet of total thickness in the number 3 and 5 seams and a total area of coal roughly 3,700 feet by 2,650 feet. Jack Utter, President and CEO commented, "Having two coal seams on the property top 20 feet is phenomenal. There are few bituminous coal mines in the United States that can boast that. This further proves the enormous potential for Nerox to provide a great deal of low cost, clean burning coal to clients in the United States and the World."
Nerox Energy Corporation is an emerging growth, fully integrated energy company with interest in oil & natural gas, coal and power plant development. The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both Pacific Rim and domestic markets.
CONTACT: Nerox Energy Corp.
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