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Pacific American's Elko coking coal resource grows 18% to 303 Mt

Pacific American Coal Ltd.'s JORC-compliant resource estimate at its Elko coking coal project in British Columbia increased about 18% from a 2015 estimate to 303.2 million tonnes, mainly due to finding three new high-quality coal seams via drilling in 2018.

The project now hosts 117.7 Mt of measured resources, 93.2 Mt of indicated resources and 92.3 Mt of inferred resources. In 2018, nine drilling holes for a total of 3,457 meters found nine coal seams at Elko with thickness varying from 1.77 meters to 12.70 meters.

The 2015 estimate for Elko stood at 257.6 Mt, comprising 19.2 Mt of measured resources, 57 Mt of indicated resources and 181.3 Mt of inferred resources.

The company secured permits to conduct exploration and drilling this summer and is applying for additional permits for exploration in new areas within the existing licenses.