BRITISH COLUMBIA - CLINE MINING CORP. of Sudbury has released the second feasibility study in the same number of weeks. Last week the company said it had completed the study of the Lossan mine in the Peace River Coalfield. This week it is looking at the Lodgepole project in the Crowsnest Coalfield. The company anticipates mining 2.0 million tonnes of saleable low-volatile, bituminous, pulverized-coal-injection (PCI) coal over a 20-year mine life.
Minable proven and probable reserves are 40.60 million tonnes. In-place resources in the measured and indicated categories total 154.572 million tonnes, and there are another 3.23 million tonnes in the inferred category.
Cline is seeking the required permits and sales contracts to begin construction at the start of 2007, and Lodgepole plant commissioning in the last quarter of 2007. An updated technical report for the project will be filed by the company with the appropriate Canadian securities regulators within 45 days. Visit the website at www.ClineMining.com.