Monday, March 22, 2010

Pan Asia reports on drilling at South Kalimantan coal project

Australian-listed Pan Asia Corporation Ltd has reported on drilling results at its TCM Coal Project in Indonesia's South Kalimantan province.

Ten drill holes were completed with the recently completed TCM 10 and TCM 11 drill holes also returning significant intersections of coal. TCM 10 returned six coal intersections over the length of the hole, with a cumulative thickness of 4.94 m. TCM 11 intersected a total of nine coal seams over the length of the hole, with a cumulative thickness of 7.14 m.

In the short term, drilling will concentrate on the northern extension of the seams, with drilling now following a controlled pattern for future resource modelling, which will provide comprehensive data for extending the neighbouring open pit into this area of TCM. This drilling will also be used to further assess the potential for underground mining based on the thick, high quality coal seams present in this area. The drill program will employ the same exploration drilling techniques to locate the down-dip position of the coal seams exposed in adjacent open pits.

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