NUNAVUT - WEST HAWK DEVELOPMENT of Vancouver has acquired 3.3 billion tonnes of additional coal resources on the west bank of Eureka Sound on Ellesmere Island. The company refers to this holding as its Fosheim Peninsula property. The coal licences acquired by West Hawk were explored in the early 1980s. Seams greater than 1-metre-thick and within 200 metres of the surface were reported to contain 3.3 billion tonnes of thermal coal.
West Hawk has agreed to purchase 100% interest in the Fosheim Peninsula property by paying $25,000 to the vendor and issuing a total of 800,000 common shares. The agreement also calls for a royalty of $0.10/tonne.
West Hawk has interests in four coal properties in British Columbia. It has formed a joint operating company with ANGLO PACIFIC GROUP to explore the Groundhog property between Prince George and Dease Lake. Last month, West Hawk announced the purchase of coal licences near the Mackenzie and Liard rivers in the Northwest Territories. The historical resource there is estimated to be 2.1 billion tonnes of thermal coal.
The company's website is at www.WestHawkDevelopment.com.
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