Westcore Energy Ltd. (TSXV:WTR) announced that it has completed an initial coal resource evaluation for the Panther coal property. The evaluation was completed after the first two drill programs at the property.
Highlights of the evaluation include:
Measured Tonnes: 14,239,000
Indicated Tonnes: 4,255,000
Total Waste Quantities vs. Measured and Indicated Tonnes of Coal Strip Ratio of 1.5:1
Inferred Tonnes: 9,130,000
Westcore, President and CEO, Paul Conroy, commented:
We are very pleased with the initial evaluation of coal resources from the Quasar deposit at Panther. Estimates of approximately half of the overall tonnage in the measured category and strip ratios of these proportions could bode very well for mining the Quasar deposit. Additionally, we are encouraged at the prospect of adding to the coal resources at Panther from the Quasar Satellite and Vesta targets in future drilling programs, as well as confirming resource categorizations on our other properties and deposits.