Altitude Resources Inc. (TSX VENTURE:ALI) announced Sept. 28 that it has acquired additional adjacent Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta, Canada.
The company had recently announced that it has discovered a multiple seam, near-surface mid-volatile coking coal deposit at the Altitude North property.
The additional coal lease applications have an area of 640 hectares and the entire property now encompasses an area of 8,202 hectares and stretches over a length of 23 km (north to south). Significant coal seam intersections were identified and traced south to north along the entire extent of the property, the company noted. Coal outcrops were sampled for proximal and petrographic analysis which verified historic Alberta government exploration reports which indicated the coal rank to be mid-vol coking coal.
Gene Wusaty, company President and CEO, said: “We are adding additional properties with favourable coal structure to our Altitude North Project portfolio. We will be planning another field reconnaissance program for Altitude North for additional mapping, sampling the coal outcrops and identifying future drill targets.”
Altitude Resources is a Canadian coking coal company focused on developing its Palisades Coal Project located northwest of Hinton, Alberta, the Elan Project through its participation in Elan LP, and the Altitude North Project near Grande Cache, Alberta. All the projects are located in close proximity to rail, which has capacity to transport this coal to deep-water ports on the west coast of Canada to service the export market.