ECORA RESOURCES PLC 
By
Anglo Pacific Group PLC
Initial Coal Resource of 90.95 million tonnes at the Trefi Coal
Project
in British Columbia, Canada
In addition to its various other private coal interests in Canada,
Anglo Pacific Group PLC ("Anglo Pacific Group" or "the Company") is
pleased to announce an initial coal resource estimate of 90.95
million tonnes at the Trefi Coal Project in northeast British
Columbia.
The resource estimate is based upon the drilling and exploration work
undertaken by Gulf Canada between 1980 and 1982 and then by Anglo
Pacific Group itself in 2008 and 2009. The report was prepared by
Moose Mountain Technical Services, an independent consultancy based
in Canada. The coal resource estimate is reported in accordance with
Australian JORC Code and Canadian National Instrument 43-101.
The highlights of the report are as follows:-
* Initial underground C-Seam coal resource of 90.95 million tonnes
* Measured and Indicated Resource of 39.35 million tonnes
* High quality low sulphur coal suitable for thermal and PCI export
markets
* Resource located close to infrastructure and railway
For more details the full report can be found at the end of this
press release.
As noted in the recent 2009 interim results, the Company intends this
autumn to carry out a scoping study on the Trefi resource in order to
progress the project towards the Company's objective of earning a
royalty entitlement and retaining a carried interest. Furthermore,
the Company hopes to produce an initial 43-101 resource statement on
its Groundhog coal project in northern British Columbia by the end of
2009. Both the Groundhog and Trefi coalfields remain on the balance
sheet at cost.
The development of coal interests in British Columbia is an important
component of Anglo Pacific Group's strategy to broaden and diversify
its portfolio of royalties. Furthermore, the Company is in the
process of applying for a listing of its shares on the Toronto Stock
Exchange.
Anglo Pacific Group generates returns for shareholders by receiving
royalties from operating mines which currently include coking coal
mines in Australia owned by BHP Billiton and Rio Tinto.
The Company's strategy remains to pay a substantial proportion of its
royalties to shareholders as dividends, while reinvesting the balance
in strategic listed and unlisted metal exploration and production
opportunities such as at Trefi and Groundhog, with a view to
obtaining more royalties for shareholders. The Company will continue
to adopt an active, merchant banking approach to mining projects in
order to achieve better returns at reduced risk.
The information in this announcement which relates to Exploration
Results, Coal Resources or Coal Reserves is based on information
compiled by Mr Robert J. Morris P.Geol. and Mr Robert F Engler
P.Geol., who are both Members of the Association of Professional
Engineers Geologists and Geophysicists of Alberta. Mr Morris and Mr
Engler work for Moose Mountain Technical Services a Canadian based
independent consultancy. Mr Morris and Mr Engler have sufficient
experience relevant to the style of mineralisation and type of
deposit under consideration and to the activities they are
undertaking to qualify as a Competent Persons as defined in the 2004
Edition of the 'Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (The JORC Code). Mr
Morris and Mr Engler consent to the inclusion in this announcement of
the matters based on their information in the form and context in
which it appears.
For further information:
Anglo Pacific Group PLC
+44 (0) 20 7318 6360
Peter Boycott, Chairman
Matthew Tack, Finance Director
Liberum
Capital
+44 (0) 20 3100 2000
Chris Bowman
Simon Stilwell
Scott
Harris
+44 (0) 20 7653 0030
Stephen Scott
James O'Shaughnessy
Website:
www.anglopacificgroup.com
The following is the text of the full report:
INITIAL COAL RESOURCE OF 90.95 MILLION TONNES AT ANGLO PACIFIC
GROUP'S TREFI COAL PROJECT IN BRITISH COLUMBIA, CANADA
+------------------------------------------------------------+
| Table 1 |
| Trefi Coal C-Seam Resource |
|------------------------------------------------------------|
| Resource Category | Metric | Vertical Thickness (m) |
| | Tonnes | |
|----------------------+------------+------------------------|
| Measured | 14,250,000 | 2.38 |
|----------------------+------------+------------------------|
| Indicated | 25,100,000 | 2.12 |
|----------------------+------------+------------------------|
| Measured & Indicated | 39,350,000 | 2.21 |
|----------------------+------------+------------------------|
| | | |
|----------------------+------------+------------------------|
| Inferred | 51,600,000 | 1.96 |
|----------------------+------------+------------------------|
| Total Coal Resource | 90,950,000 | 2.07 |
+------------------------------------------------------------+
Two full C-Seam coal core samples from the 2009 drilling programme
were analysed; the results from the 1.6 SG float are presented in
Table 2 and confirm earlier work carried out by Gulf Canada. The coal
is a high quality low sulphur, medium volatile bituminous coal
suitable for the thermal and PCI markets. Based on initial laboratory
results the yield is expected to be in the order of 70%.
+----------------------------------------------+
| Table 2 |
| Trefi Coal Washed C-Seam |
| Averages from 2009 Drilling Programme |
| Proximate Analysis Dry Basis |
|----------------------------------------------|
| Ash | 7.30% |
|-----------------+----------------------------|
| Volatile Matter | 22.51% |
|-----------------+----------------------------|
| Fixed Carbon | 70.19% |
|-----------------+----------------------------|
| Sulphur | 0.25% |
|-----------------+----------------------------|
| Calorific Value | 7864 kcal/kg / 32925 kJ/kg |
+----------------------------------------------+
Location
The Trefi Coal property comprises 15 coal licences covering 7,337ha
located within the Pine Pass area of the Peace River District,
northeast British Columbia, Canada. Additional licences covering the
extension northwards have been applied for but are not included in
the resource estimate.
The property is approximately 30km southwest of the town of Chetwynd.
The area is served by an all weather paved highway and the property
is currently accessed by logging and gas exploration roads. The
Canadian National Railway (CN) line is 8km north of the Trefi
property and provides direct access to the port of Vancouver and the
Ridley Island Coal Terminal at Prince Rupert (Fig 1)
For the picture see the attached pdf
Figure 1 Location
Geology
The Boulder Creek Formation of the Fort St. John Group hosts the
coal-bearing strata on the property in a stratigraphic section up to
30m thick (Figure 2). There are five coal seams within this section
with geology that is classified as moderate with respect to
stratigraphy and structure (as defined in Canadian Geological Survey
Paper 88-21).
For the picture see the attached pdf
Figure 2 Stratigraphic Column
The coal lies within a shallow syncline and outcrops on either side
of a north-south trending range of hills.
For the picture see the attached pdf
Figure 3 Cross Section across the centre of the property, blue line
is the C-Seam, green line is the surface.
Exploration
Gulf Canada drilled 23 holes on or near the property and 9 full seam
coal core samples from the C-Seam within the property boundaries were
collected and analyzed between 1980 and 1982. In 2009 five holes
were completed by Anglo Pacific totaling 1,006.4m and two full seam
coal core samples were collected (Figure 4) and analyzed. MMTS were
contracted to manage the 2009 Anglo Pacific drill programme and
estimate the initial resource. MMTS are respected coal experts in
Canada with a client base including Teck Coal, Mitsui, Kennecott and
Western Canadian Coal.
For the picture see the attached pdf
Figure 4 Part of the coal intersection from DH09-02
Resources
The coal resource estimate on the C-Seam is in accordance with the
JORC Code and Canadian NI 43-101.
+---------------------------------------------+
| Resource | Tonnes | Vertical Thickness |
| Category | | m |
|-----------+------------+--------------------|
| Measured | 14,250,000 | 2.38 |
|-----------+------------+--------------------|
| Indicated | 25,100,000 | 2.12 |
|-----------+------------+--------------------|
| Inferred | 51,600,000 | 1.96 |
+---------------------------------------------+
The C-Seam was modelled by Moose Mountain Technical Services with
MineSightÒ using data from the Gulf Canada drill holes, Anglo Pacific
holes and two deep gas exploration holes (Table 3 and Figure 5). A
minimum width of 1.5m and maximum depth of cover of 600m were used.
For the picture see the attached pdf
Figure 5
Quality
Two full seam coal core samples from the 2009 drilling campaign were
analysed. The 1.4 and 1.6 SG float fraction underwent FSI and
proximate analysis (dry basis) (Table 4), ash analysis (Table 5)
rheology (Table 6) and petrographic analysis (Table 7). The work
confirmed much of Gulf Canada's earlier findings that the coal is a
low sulphur, moderately low ash, mid volatile bituminous coal with
weak coking properties. Indications are that the coal would be
suitable for thermal markets and PCI
The information in this announcement which relates to Exploration
Results, Coal Resources or Coal Reserves is based on information
compiled by Mr Robert J. Morris P.Geol. and Mr Robert F Engler
P.Geol., who are both Members of the Association of Professional
Engineers Geologists and Geophysicists of Alberta. Mr Morris and Mr
Engler work for Moose Mountain Technical Services a Canadian based
independent consultancy. Mr Morris and Mr Engler have sufficient
experience relevant to the style of mineralisation and type of
deposit under consideration and to the activities they are
undertaking to qualify as a Competent Persons as defined in the 2004
Edition of the 'Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (The JORC Code). Mr
Morris and Mr Engler consent to the inclusion in this announcement of
the matters based on their information in the form and context in
which it appears.
Tables 3 to 7 below:
Table 3 List of Drill Holes and Intercepts, C-Seam, on and nearby the
Trefi Property
Elev. TD From To Drilled Drilled
Drillhole UTM-E UTM-N (m) (m) (m) (m) Thickness By
(m)
93P12-a23D 569437.48 6152928.40 1264.00 4564.00 725.60 728.30 2.70 Gas
Hole
93P12-c29C 571750.00 6151600.00 1242.00 3594.00 0.00 Gas
Hole
ddh-80-01 567031.22 6160881.20 710.00 198.70 165.30 165.50 0.20 Gulf
ddh-80-02 556239.39 6160701.88 955.00 222.40 0.00 Gulf
ddh-80-03 569804.46 6157197.37 832.00 220.30 194.75 195.27 0.52 Gulf
ddh-81-100 572178.29 6150564.92 923.00 245.30 223.60 224.21 0.61 Gulf
ddh-81-102 568011.62 6150175.50 1380.00 160.00 121.20 123.63 2.43 Gulf
ddh-81-105 570960.80 6149506.59 971.00 238.30 204.48 206.85 2.37 Gulf
ddh-81-108 566940.61 6151908.66 1204.00 617.20 592.80 594.50 1.70 Gulf
dh-09-01 571044.89 6148897.43 977.28 184.09 58.80 60.10 1.30 Anglo
Pac
dh-09-02 572672.67 6147614.16 1232.95 288.95 274.60 276.10 1.50 Anglo
Pac
dh-09-03 573409.02 6146220.95 1258.79 197.51 187.40 189.10 1.70 Anglo
Pac
dh-09-04 575092.94 6145150.46 1141.30 161.84 146.10 146.20 0.10 Anglo
Pac
dh-09-05 574908.98 6143796.14 1046.11 175.00 0.00 Anglo
Pac
rdh-80-01 564531.63 6157670.08 775.00 317.00 283.10 283.50 0.40 Gulf
rdh-80-02 560382.09 6163726.52 698.00 382.50 0.00 Gulf
rdh-80-03 548400.00 6146220.95 885.00 244.00 0.00 Gulf
rdh -80-05 569225.00 6163925.00 780.00 270.50 0.00 Gulf
rdh-80-06 578811.77 6144477.39 1060.00 249.90 0.00 Gulf
rdh-80-07 573475.09 6146149.91 1250.00 202.70 188.53 190.50 1.97 Gulf
rdh-80-08 575097.90 6145138.36 1153.00 172.50 145.59 148.30 2.71 Gulf
rdh-80-12 564086.14 6153761.73 832.00 128.60 107.42 109.52 2.10 Gulf
rdh-81-101 565553.59 6153983.93 887.00 367.00 363.20 363.63 0.43 Gulf
rdh-81-103 574739.14 6143658.88 1054.00 329.90 303.14 304.91 1.77 Gulf
rdh-81-104 572663.53 6147602.48 1233.00 281.90 263.28 265.72 2.44 Gulf
rdh-81-106C 575111.59 6145128.10 1153.00 148.90 144.48 145.34 0.86 Gulf
rdh-81-107 572773.64 6146442.84 1297.00 342.90 130.80 131.76 0.96 Gulf
rdh-81-109C 573475.09 6146179.48 1250.00 191.70 187.94 190.24 2.30 Gulf
rdh-82-100 572597.97 6146934.08 1274.00 122.40 111.70 113.20 1.50 Gulf
rdh-82-101 574273.90 6145675.33 1192.00 228.00 207.25 212.10 4.85 Gulf
Note: Highlighted holes have full seam core samples from current
the Trefi property and area under application
Table 4
+----------------------------------------------------------------------------+
|Core # |Washability | |Proximate Analysis dry basis |Calorific |
|---------+-----------------+-----+------------------------------+-----------|
| |Sample |Weight %|FSI |Ash % | VM % | FC % |S % |Value |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
|DH09-02 |Raw | | | 16.07 | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Float | 64.87 | 2 | 5.77 | 23.25 | 70.98 | | 7962 |
| |1.40 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Sink | 35.13 | | 35.33 | | | | |
| |1.40 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Float | 75.14 | 1.5 | 7.52 | 22.55 | 69.93 | 0.25 | 7838 |
| |1.60 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Sink | 24.86 | | 41.14 | | | | |
| |1.60 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| | | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
|DH09-03 |Raw | | | 18.90 | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Float | 62.05 | 2 | 5.82 | 22.58 | 71.60 | | 7993 |
| |1.40 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Sink | 37.95 | | 40.13 | | | | |
| |1.40 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Float | 73.96 | 1.5 | 7.08 | 22.47 | 70.45 | 0.24 | 7889 |
| |1.60 | | | | | | | |
|---------+--------+--------+-----+-------+-------+-------+------+-----------|
| |Sink | 26.04 | | 50.05 | | | | |
| |1.60 | | | | | | | |
+----------------------------------------------------------------------------+
Table 5
+--------------------------------------------------------------------------------------------------+
| DDH | Sample | Ash Chemistry (%) |
| | |--------------------------------------------------------------------------------|
| | | SiO2 | Al203 | TiO2 | Fe2O3 | CaO | MgO | Na2O | K20 | P2O5 | SO3 | Und |
|--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|
| DH0902 | Float | 45.93 | 23.48 | 0.93 | 7.03 | 9.29 | 1.44 | 0.23 | 0.76 | 1.87 | 7.39 | 1.65 |
| | 1.60 | | | | | | | | | | | |
|--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|
| | Sink | 49.49 | 22.13 | 0.92 | 3.98 | 9.63 | 1.51 | 0.88 | 0.88 | 4.41 | 6.76 | -0.6 |
| | 1.60 | | | | | | | | | | | |
|--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|
| DH0903 | Float | 53.43 | 22.66 | 1.08 | 3.86 | 7.00 | 1.21 | 0.23 | 0.89 | 2.22 | 5.09 | 2.33 |
| | 1.60 | | | | | | | | | | | |
|--------+--------+-------+-------+------+-------+-------+------+------+------+------+------+------|
| | Sink | 42.93 | 19.77 | 0.70 | 6.93 | 11.98 | 1.69 | 0.93 | 0.77 | 3.57 | 8.32 | 2.41 |
| | 1.60 | | | | | | | | | | | |
+--------------------------------------------------------------------------------------------------+
Table 6
+---------------------------------------------------------------------------------------------------------------------+
| | | Gieseler Fluidity | Dilatometer |
| | |-------------------------------------------------+-------------------------------------------------|
| DDH | Sample | Softening | Max | Max | Solid | Range | Soft | Max | Max | Contraction | Dilitation |
| | | Temp C | Fluidity | Fluidity |Temp C |Temp C | T1 | Contr | Dlita | % | % |
| | | | ddpm | Temp C | | | | T2 | T3 | | |
|--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|
| DH0902 | Float | 454 | 0.7 | 461 | 485 | 31 | 438 | 506 | 506 | 6.0 | 5.7 |
| | 1.60 | | | | | | | | | | |
|--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|
| | | | | | | | | | | | |
|--------+--------+-----------+----------+----------+-------+-------+------+-------+-------+-------------+------------|
| DH0903 | Float | 451 | 1.6 | 454 | 481 | 30 | 425 | 506 | 506 | 11.0 | 6.6 |
| | 1.60 | | | | | | | | | | |
+---------------------------------------------------------------------------------------------------------------------+
Table 7
+--------------------------------------------------------------------------------------------------------------------+
| | | Maximum | Reactive Macerals | Inert Macerals |
| DDH | Sample | Reflectance |------------------------------------+-----------------------------------------------|
| | | Ro Max | Vitrinite | Exinite | Reactive | Micrinite | Inert | Fusinite | Mineral |
| | | | | | Semifusinite | | Semifusinite | | Matter |
|--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|
| DH0902 | Float | 1.12 | 41.30 | 2.50 | 18.90 | 7.5 | 18.8 | 6.7 | 4.2 |
| | 1.60 | | | | | | | | |
|--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|
| | | | | | | | | | |
|--------+--------+-------------+-----------+---------+--------------+-----------+--------------+----------+---------|
| DH0903 | Float | 1.11 | 41.70 | 2.20 | 18.00 | 8.70 | 19.0 | 7.40 | 4.0 |
| | 1.60 | | | | | | | | |
+--------------------------------------------------------------------------------------------------------------------+
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/138910/R/1340634/320404.pdf
Copyright © Hugin AS 2009. All rights reserved.ANGLO PACIFIC GROUP : Trefi - Initial coal resource estimate
September 10, 2009 at 04:25 am EDT
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