EER 0.00% 3.6¢ east energy resources limited

three billions tonnes of thermal coal

  1. 9,286 Posts.
    can EER prove up 3 billion tonnes?

    whilst there is still no way to mine & ship the coal, it must be worth something....


    Level 7, 16 St Georges Terrace Perth Western Australia 6000 Telephone (08) 9225 5833 Facsimile (08) 9225 7311 Email [email protected] Web
    www.eastenergy.com.au
    East Energy Resources Limited ACN 126 171 828

    MEDIA RELEASE
    Date 3 November 2009

    Exploration Drilling Recommenced at Blackall

    Perth-based coal exploration company East Energy Resources (East Energy, the Company) have immediately refocused their attention on their Blackall Coal Tenement (EPC 1149), and recommenced drilling last week.

    “This second major drilling program at EPC 1149 will cover the previously unexplored northern section of the tenement as well as drilling at smaller intervals in the southern section. A main intention is to upgrade the volume of coal contained within the tenement.” Managing Director Mark Basso said.

    “We are also now re-focusing our attention and efforts at our Blackall Tenement (EPC 1149), with the aim of upgrading the current 1.2billion tonne JORC inferred coal resource, to a JORC indicated resource by undertaking the program as provided by SRK consulting.”

    To assist in an aggressive drilling program, the Company is also pleased to announce the appointment of an additional geologist, Dr Aldo van Heeswijck to the East Energy team. Mr van Heeswijck is well experienced in the coal industry. This appointment will allow the company to alternate the geologist on site, thus enabling a continuous drilling program.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.