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Cuesta Coal Completes Further Drilling at East Wandoan Project
completion drilling and initial results from the East Wandoan exploration ... Figure 1: Completed Drill hole sites for the 2012 drill season at East Wandoan.
read full pdf here. www.infomine.com/index/pr/
8 May 2012
Cuesta Coal Completes Further Drilling at
East Wandoan Project
Argonaut Resources NL (Argonaut) advises that Cuesta Coal Limited (ASX: CQC) have
announced the completion of drilling and initial results from the East Wandoan exploration
A copy of the announcement by Cuesta Coal is attached to this release.
For further information:
Argonaut Resources NL
+856 21 222 887
Cuesta Coal Limited
PO Box Q716
QVB NSW 1230
31 Market St
Sydney NSW 2000
+61 2 9284 5900
+61 2 9284 5999
Cuesta Coal completes further drilling at its East Wandoan Project “Thorn Hill”
39 holes completed for 4,050 metres of drilling
Drilling aimed at substantially increasing current JORC inferred resource of 23.9Mt
A total of 59 holes for in excess 7,000 metres of drilling has been completed by Cuesta Coal
at East Wandoan Project since Q2, 2011
Confirmation of shallow coal seams in new target area 5km North West of “Thorn Hill”
Sydney, 8th May 2012: The Directors of Cuesta Coal Limited (“Cuesta”) are pleased to announce the
completion drilling and initial results from the East Wandoan exploration activities.
35 open PCD holes and 4 Cored Holes, totalling 4050 metres of drilling completed
o 3647.5 metres drilled in PCD Holes.
o 402.5 metres drilled in Core Holes, 79.93 metres of corded cut.
Drilling aimed to increase current JORC inferred resource in the recently named “Thorn Hill”
Drilling confirmed continuation of coal seams extending further north of the current Thorn Hill
JORC Inferred Resource
Confirmation of shallow coal seams present 5km northwest of current JORC Inferred Resource
confirming an additional target area for follow up drilling, labelled Target Area 2 (Figure 1).
The Thorn Hill Deposit (Figure 1) is targeting Taroom Coal Measures at open cut depths, less than
100m from surface. The program was focussed in the southern portion of EPC 1955 (90% JV with
Australian Pacific Coal Limited), where the previously announced inferred resource of 23.9 Mt is
located. The objective of the exploration campaign was to increase the size of the resource. A total of
23 drill holes had net cumulative thicknesses greater than 6m of coal.
All of the holes were geophysically logged, coal sampled from the coring activities has been provided
to the analytical coal laboratory for analysis. Drill data has been provided to Encompass Mining for
interpretation and will be used to provide a revised resource calculation which will be provided to the
market upon completion.
Cuesta Coal’s Director of Operations, Mr Keith McKnight said “ ……results exceeded our expectations
and the exploration activities were completed on time and within budget”.
Managing Director, Mr Matt Crawford added “we are extremely happy with our first exploration
campaign of 2012, which again demonstrates that Cuesta can deliver on its exploration objectives in a
timely and cost efficient manner”.
About Cuesta Coal
$20 million to fund an aggressive 2 year exploration, mine scoping and feasibility study program onCuesta Coal Limited (“Cuesta”) listed on the Australian Stock Exchange on the 4th of May 2012 raising four key projects areas in the Queensland Coal Basins.
Cuesta has assembled a diverse portfolio of thermal and coking coal exploration prospects within the Bowen, Surat and Galilee basins, the company’s core projects are well situated geographically with
over 11,000km2 of exploration ground in total.
Cuesta’s balanced portfolio consists of a pipeline of projects ranging from advanced exploration requiring resource definition drilling, to conceptual lateral opportunities requiring scout drilling.
The projects are located in close proximity to current and future planned infrastructure.
Cuesta has an advanced exploration programme underway which commenced in the second quarter of 2011 completing in excess of 6,000m of drilling at three project sites.
The company has established operating systems and is fully funded to undertake its planned 2012 & 2013 drill programmes, with in
excess of 12,000m planned for 2012 alone.