Steel Guru 5/3/10.Coalworks rises on coking coal potential at...

Steel Guru 5/3/10
.Coalworks rises on coking coal potential at Vickery South Project
Friday, 05 Mar 2010
Coalworks has received encouraging initial laboratory results for the first cored hole of their initial drilling program at the Vickery South Coal Project near Gunnedah, NSW. Although additional result will be needed to confirm the potential of the area.

Mr Andrew Firek MD of Coalworks said These results show that the coal intersected in a number of seams are consistent with the coal targets we have set and confirm the potential for high quality coking coal.

He said that "The Crucible Swelling Number of 4 to 7 over almost 3 meters of coal at 139 meters depth is indicative of coking coal. The remaining shallower seams intersected are prospective for high quality thermal coal.

Coalworks initial drilling program is for 17 holes, and the first eleven open holes have now been drilled. The remaining, cored holes are to be completed. Geophysical logs are being used to correlate between the cored and open holes.

The program has confirmed the presence of a number of potentially minable coal seams, mainly in the eastern half of the Licence. Geological modeling has commenced and preliminary resources will be estimated following completion of this initial drilling program.

The general trend of increasing swells in the lower seams in VS12 results confirms the results from previous exploration in and near the tenement.