HIGHLIGHTS
- Montem receives excellent results from detailed coal quality test work completed on large diameter core samples from Chinook Vicary.
- Exceptional coke strength results with CSR values ranging from 67 to 74.
- Working section clean coal composite produced high simulated plant yields with low ash: 9.1%; low volatile matter: 21.4%; low total sulphur: 0.48%; favourable rank (
RoMax ): 1.31%; and outstanding CSR: 70 - Chinook Vicary coal attributes fit precisely in the specification range for "Premium Low
Vol Hard Coking Coal ". - Test work used coal samples from the 2020 Chinook Vicary exploration program which confirmed the occurrence of near surface, structurally thickened zones of coal suitable for future open-cut extraction.
- Results confirmed historical coal quality test work and mined product coal specifications; indicating that a significant portion of Chinook Vicary product coals are similar in quality to the globally traded Tier 1 Hard Coking Coals produced at nearby Teck Resources Limited mines in the
Elk Valley , and mines inQueensland . - Chinook Vicary, and the entire
Chinook Project is within Alberta Coal Policy Category 4 lands. Category 4 lands are areas where surface mining is contemplated. - Montem will use the coal quality results and new geological information from the 2020 exploration program to update the Chinook Vicary JORC Resource Estimate, expected in Q2 2021.
Large diameter core samples, obtained from Montem's exploration drilling at Chinook Vicary in late 2020, have been analysed, with coal quality and carbonization results confirming the occurrence of high quality low volatile
Montem Managing Director and CEO,
"We are excited the Chinook Vicary coal quality results confirm Tier 1 Hard Coking Coal. The historical Vicary mine sold 100% of its product to Japanese steel makers in the 1970's. When we met with these same steel making companies in
"The washability results from Seam 2 and Seam 4 are impressive, with simulated plant yields around 75%. Seam 4 in the area drilled was over 15m thick, and accounts for approximately 45% of the total Resource in the Scoping Study Vicary pits. With these results, and the Scoping Study mine plan, the potential for a high quality, low cost, Tier 1 Hard Coking Coal mine is now confirmed."
"The next step, later this year, is to drill out the remaining areas included in the Scoping Study mine plan, and progress to a Pre-Feasibility Study. As the entire
For full announcement, visit: https://montem-resources.com/investors/announcements2020/2021-2/
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