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Coal Exploration
Ellesmere Island - Nunavut
The Company acquired 100% of the right, title and interest in seven coal exploration licenses for areas located southeast of Eureka, Nunavut Territory. The licenses contain a total of 99,518.26 hectares (245,915 acres). Based on the Company's exploration licenses encompassing approximately 55 percent of Gulf's exploration licenses, the Nunavut Report reveals that the Nunavut Prospect contains a potential exploration target of approximately 3.025 to 3.162 billion in-place tonnes. Gulf Canada Resources Inc. ("Gulf") estimated a potential exploration target of 5.5 to 5.75 billion in-place tonnes in their exploration licenses. The Nunavut Prospect is located approximately 410 kilometers north of Resolute, Nunavut Territory. Eureka, the nearest community is located along Slidre Fiord, eight kilometers northwest of the coal prospect. The Nunavut Prospect consists of two properties, the North Fosheim Peninsula Property located on the east side of Eureka Sound on Ellesmere Island and the May Point Property located on the west side of Eureka Sound on Axel Heiberg Island.
Related Document
NI43-101 Report (pdf : 2.2 MB) |
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