Fox Resources hopes to emulate International Coal in Bundaberg coal project Thursday, February 07, 2013 by Bevis Yeo
Fox Resources (ASX: FXR) is developing a drilling program for its recently acquired Bundaberg Coal Project in Queensland.
This will be designed to identify whether the coal seams encountered by International Coal (ASX: ICX) at its EPC 2196 extends into Bundaberg (EPC 1523). EPC 2196 is located immediately northwest of EPC 1523.
Recent drilling by International Coal has returned strong results with one hole exhibiting hard coking coal properties with a Crucible Swelling Number (CSN) of nine and less than 11.5% ash.
Fox plans to fast track work on its existing Queensland assets, which include Bundaberg, Styx, Emerald, Springsure, Alpha, and Eromanga.
The tenements have good access to infrastructure necessary for commercial development. All of the Tenements are considered to be prospective for either coking or thermal
