CLNMF - Cline owns 100% of the New Elk Coal Mine i
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Posted On: 01/15/2014 1:09:59 PM
CLNMF - Cline owns 100% of the New Elk Coal Mine in Trinidad, Colorado.
The New Elk mine has a measured and indicated metallurgical coal resource of 618.9 million tons of in-place coal, as documented in the Agapito Associates, Inc. independent National Instrument 43-101 Technical Report entitled "NI 43-101 Technical Report - New Elk Mine Property, Las Animas County, Colorado, U.S.A." dated July 6, 2012 prepared by Leo Gilbride, P.E. and Tim Ross, P.E. (the "2012 Technical Report"). These resource increases are attributed to the agreement the Company entered into with the Department of Wildlife of the State of Colorado (“DOW”), which extended its present DOW coal mining property lease area at New Elk from 15,553 acres to 29,940 acres, a 92% percent increase in acreage. The 14,387 acre extended DOW lease also includes the recently acquired Secora Ranch, and four new coal seams connected to the initial New Elk property (see Cline’s May 24, 2012 press release).
http://www.clinemining.com/projects/coal/new-elk.html
The New Elk mine has a measured and indicated metallurgical coal resource of 618.9 million tons of in-place coal, as documented in the Agapito Associates, Inc. independent National Instrument 43-101 Technical Report entitled "NI 43-101 Technical Report - New Elk Mine Property, Las Animas County, Colorado, U.S.A." dated July 6, 2012 prepared by Leo Gilbride, P.E. and Tim Ross, P.E. (the "2012 Technical Report"). These resource increases are attributed to the agreement the Company entered into with the Department of Wildlife of the State of Colorado (“DOW”), which extended its present DOW coal mining property lease area at New Elk from 15,553 acres to 29,940 acres, a 92% percent increase in acreage. The 14,387 acre extended DOW lease also includes the recently acquired Secora Ranch, and four new coal seams connected to the initial New Elk property (see Cline’s May 24, 2012 press release).
http://www.clinemining.com/projects/coal/new-elk.html
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