(MENAFN- ProactiveInvestors - Australia) Stratum Metals (ASX: SXT) is expanding the landholding of its Canning Basin thermal coal project in Western Australia with the application for a new tenement that will extend the prospective strike by about 25 kilometres.
Tenement E04/2231 is located in the Fitzroy Trough in the northwest part of the Canning Basin where the most persistent and thicker coal seams have been reported from the Lightjack Formation at the base of the Permian Liveringa Group.
Government published geological mapping shows the new tenement application to contain a significant area of the contact between the Liveringa Group and underlying Noonkanbah Formation.
The application is part of Stratum's strategy to secure 100 kilometres worth of coal prospective strike and will bring the number of tenements under the Canning Basin Coal Project up to six.
Stratium is currently in planning and discussions to schedule a site clearance survey in E04/1993 as required under the Heritage Protection Agreement with the Nyikina Mangala Group, prior to establishment of drill sites.
The survey is expected to take about three days to complete.
The company has also completed assessment of potential coal mining and processing operations in order to identify the targets on the company's tenement holding that are most likely to become viable mining operations.
The most prospective areas in E04/1993 will be tested by the majority of the planned drilling program.
The Canning Basin Coal Project is located about 150 kilometres south west of Derby and less than 20 kilometres from Rey Resources' (ASX: REY) Duchess Paradise Project, which are situated within the same coal-bearing host rocks.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.