The Fosheim Property is the company's primary target area, located approximately 36-kilometres east of Eureka weather station.
Historic Exploration by Petro-Canada, Gulf Canada, and Hunter Exploration has been conducted on the property.
Fosheim Peninsula licenses included 100 coal seams.
The higher elevations are showing lignite coal and lower elevations indicate high volatile “C” bituminous coal which is yet to be drill tested to depth.
A historical inferred resource was calculated to the order of 21.9 Billion tonnes (Bustin, 1981).
The combined resource estimate below the 200 meters mark is in the order of 194 Billion tonnes (E.G. Panchy , J.M. Moorhouse 1982).
“Inferred coal resources within 200 metres of surface were estimated to be in the order of 21,000 million tonnes (Bustin, 1981). Petro-Canada’s effort within the area resulted in a slightly revised figure of 21,900 million tonnes in the inferred category.” (Not 43-101 compliant).
* The resource is not compliant with NI43-101 and should be considered as a potential target size. There are no guarantees that exploration will delineate a coal resource.