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CCK Canada Coal (delisted)

0.04
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canada Coal (delisted) TSXV:CCK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.035 0.04 0 01:00:00

Canada Coal Inc.: Logistics Report Received for Arctic Coal Properties

22/10/2012 2:32pm

Marketwired Canada


Canada Coal Inc. (the "Company" or "Canada Coal"), (TSX VENTURE:CCK) is pleased
to announce the receipt of the Ice and Marine Shipping Assessment conducted by
Enfotec Technical Services (the "Report"). This Report is now available on
Canada Coal`s web page. The focus of the Report was to provide a detailed ice
study and analysis of marine accessibility of Ellesmere Island's West Fosheim
Peninsula. The findings of the Report in relation to ice conditions and possible
shipping scenarios are in line with the Company's expectations. Shipping windows
of 2, 3 and 6 months have been considered using Polar Class 3 vessels to
transport up to 5.25 million tons per year.


The Company will seek to proceed to the next level of its exploration phase
which will inter alia include a more detailed shipping study, hydrographic
surveying, port infrastructure analysis as well as ways to further improve
future logistical solutions. Continued exploration is now being planned for 2013
to further explore the known high grade thermal coal deposits and continue to
explore for metallurgical coal deposits. 


Braam Jonker, Chief Executive Officer and President of Canada Coal stated that:
"We are encouraged by the findings of the Enfotec report and are excited to have
confirmed the presence of high grade thermal coal with low sulphur and ash in
our Ellesmere Island license areas. We are now planning a more detailed
logistics study as well as a follow up to our successful 2012 exploration
program. We will continue to consult with local communities and relevant
regulatory authorities and communicate on a transparent basis with all
stakeholders." Mr. Jonker further states, "Canada Coal is currently examining
the potential for thermal coal on its arctic coal licenses as a solution for the
current energy challenges in Nunavut. As part of this process, the Company will
evaluate various fuel power generation technologies including coal to liquids
(CTL) and coal water slurry (CWS)."


In compliance with National Instrument 43-101, Standards of Disclosure for
Mineral Projects, Susan O'Donnell, B.Sc., P.Geol., of DMT Geosciences Ltd., is
the Qualified Person responsible for the accuracy of this news release.


About Canada Coal 

Canada Coal is a publically listed company focused on coal exploration and
development in Nunavut. Through its two wholly-owned subsidiaries, Canada
Sovereign Coal Corp. and 5200 Nunavut Ltd., Canada Coal holds 75 active licenses
comprising approximately 2,442,627 acres located on Ellesmere Island and Axel
Hieberg Island in Nunavut (the "Nunavut Coal Property"). Canada Coal
commissioned a National Instrument 43-101 compliant technical report in respect
of the Nunavut Coal Property, dated September 30, 2011 entitled "The Nunavut
Coal Project-Ellesmere Island and Axel Heiberg Island, Nunavut, Canada" prepared
by Keith McCandlish, P. Geol., P. Geo., and Susan O'Donnell, P. Geol., of DMT
Geosciences Ltd. (formerly Associated Geosciences Ltd.)., Calgary, Alberta,
Canada, a copy of which is available on SEDAR at www.sedar.com.


On behalf of the Board of Directors

Braam Jonker, President and Chief Executive Officer 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain "forward-looking information" under
applicable Canadian securities legislation. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements.
Such factors include, but are not limited to: general business, economic,
competitive, political and social uncertainties; delay or failure to receive
regulatory approvals; the price of mineral resources; and the results of current
exploration and testing. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. Canada Coal
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Coal Inc.
Braam Jonker
President and Chief Executive Officer
1-604-638-0971
info@canadacoal.com

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