More coal at Mt. Klappen

Fortune Minerals (FT-T) has received an updated resource estimate for its Lost Fox coal deposit, 150 km northeast of Stewart, B.C.

Marston Canada calculated a resource of 107.9 million tonnes in the measured category and 109.5 million tonnes, indicated, for a total of 217.4 million tonnes. In addition, 91.5 million tonnes are inferred.

Situated on the 150-sq.-km Mount Klappen coal property, Lost Fox comprises numerous coal seams, 12 of which are potentially minable. The 2004 resource is based on a new digital block model classified to 43-101 standards. The calcuation was based on 171 diamond and rotary drill holes (24,716 metres), 354 surface trench samples, test mining from two adits, and a 200,000-tonne bulk sample from open pits mined in 1985 and 1986.

The Mount Klappen property is underlain by interlaminated-marine-to-transitional-marine clastic sedimentary rocks. The coal seams consist of anthracite and vary in thickness up to a maximum of 11.13 metres.

Several feasibility studies have been completed, though they do not conform to present standards. A new study is in the works.

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