Columbia Coal Reserves
Coal Project for JV or Sale
NOT AVAILABLE
Summary
Coal Deposit: 660 hectares (1630 acres)
Coal Reserves: At this point the total Coal Deposit Reserve and the number of mantles are unknown. Further perforations and geoelectrical studies of the mantles would provide more accurate data on the total coal reserve.
Test done at the 1st mantle at 0.8m indicated an estimated 1.5 Million tones inferred total.
Required Capital for 55% Joint Partnership: $5 Million USD: $3 Million USD for the lease + $2 Million USD (can be paid on a monthly basis at $150,000) for mine construction, equipment, start-up costs and working capital.
SGS Analysis: Moisture @10.27%, Ash @1.77%, Volatile Matter @ 7.95 %, Fixed Carbon Dry @ 89.91 %, Carbon @ 85.54 %, Sulfur @ 2.37 %
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