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New Age Exploration Ltd Announces Commencement Of Drilling At Lochinvar Coking Coal Project

Tuesday, 22 Jan 2013 10:35pm EST 

New Age Exploration Ltd announced that it has commenced the Phase 1a drilling program at the Company’s wholly owned Lochinvar Coking Coal Project (Lochinvar), located on the Scottish and English border. NAE commenced drilling operations at Lochinvar on January 21, 2013. The first hole, LOI001, will twin the Bogra exploration borehole completed by the National Coal Board (“NCB”) in 1983. The historic Bogra drill hole intersected seven coal seams between 272 metres and 346 metres. NAE’s LOI001 is located 32 metres from the Bogra hole and the Company anticipates intersecting the primary target seam at approximately 310 metres. 

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0.0010 +5.88%
17 Sep 2014