COAL: New resource estimate for Carbon Creek

BRITISH COLOMBIA – Vancouver's Cardero Resource Corp. has released an updated 43-101 report for the Carbon Creek Metallurgical coal project that puts Measured and indicated resources at 290 million tonnes and inferred resources at 161 million tonnes.

The project is located in the Peace River coalfield in the northeast corner of the province. Cardero holds a 75% interest.

Cardero says it has included 61 coal seams and sub-seams in the resource estimate. Sixty-three per cent of the M&I resources and 85% of the inferred resources are classified as hard coking coal. A potential surface mine could recover 66% of the measured and indicated resources.

The Carbon Creek property could benefit from electricity generated at the nearby Bennett hydro dam and by connecting to existing rail line 60 km to the south.

Readers can enjoy a comprehensive photo gallery of the Carbon Creek project by clicking here.