BRITISH COLUMBIA - Compliance Energy Corp. of Vancouver has released an updated resource estimate for its Raven coal deposit in the Comox Coal Basin on Vancouver Island. Measured and indicted resources are 72.0 million tonnes, and inferred resources are 59.4 million tonnes.
The new numbers, prepared by Pincock Allen and Holt, represent a significant increase from the 39.0 million tonnes of measured and indicated material reported in 2007. The coal is classified as high-volatile bituminous A, or semi-soft coking coal.
The Raven underground project is operated by a joint venture in which Compliance has a 60% interest. I-Comox Coal and LG International Investments (Canada) each hold a 20% interest.
Complete project details are posted at www.TheRavenProject.ca.