QCI has farmed into the Bundaberg tenements. The target for the JV partners is coking coal.
Following the successful completion of the EPC 2196 hole, drill rigs will be mobilised to the nearby EPC 2194 for drilling.
EPC 2194 and EPC 2196 have an Exploration Target of 280 million - 370 million tonnes of coal.
It is expected that the drill programme could be completed within the next 6-8 weeks with technical and other results made available as this becomes available.
Up to 15 holes will be drilled in this forward works programme, with the results underpinning planned activity for the 2013 year.
International Coals' Bundaberg Project tenements EPC 2194, 2195, 2196 and the EPC application 2631 are located in a well-known and highly prospective hard coking coal region. The tenements are located 45 kilometres to the north of the proposed New Hope Energy Ltd Colton Mine.
Previously, Moultrie Group reported that EPC's 2194 and 2196 have the potential for Coking Coal discovery and contain two target exploration coal-bearing units:
- Burrum Coal Measures
- Maryborough Formation
The principal target is Cretaceous hard coking coals.