First Colombia Gold Corp. announced their preliminary projections on their newly acquired coal lease located at 12964 S. Hwy 421 Manchester, Kentucky 40964. The company obtained lab analysis on several coal samples taken from this lease to determine the quality and specification the coal would fit and could be reliably marketed and sold. The lab analysis demonstrated that the coal within the Haddix seam had less than 5% ash and had a Btu of more than 12,000. Based upon this specification and permits that are already in place which include three seams, the Haddix, Fireclay and Amburgy totaling more than 1 million tons of coal, preliminary expectations are that this coal could bring in excess of $50 per short ton. Additionally, the company estimated that their mining costs would be between $40 and $42 per short ton. The site and operating plan will focus initially on the Haddix Seam which ranges in thickness from 48 inches to 55 inches and will be mined using the area mining method.  This seam has an existing permit in place which includes 300,000 tons of recoverable coal.  The mine location will give First Columbia Gold Corp, the option to sell the coal through either the Eastern Kentucky Market or through access to the Norfolk Southern Rail system.