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Pacific American receives further 5-year permit for Elko coking coal project

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Pacific American receives further 5-year permit for Elko coking coal project

Pacific American Holdings Ltd. received a further five-year approval from the Ministry of Energy, Mines and Petroleum Resources in British Columbia to conduct work at the Elko coking coal project through to September 2024.

The company said Sept. 26 that the permit will allow it to establish 12 new drill sites and build access routes to the property.

Chairman Geoff Hill said the company will conduct a drill program aimed at allowing it to complete a pre-feasibility study and define JORC-compliant reserves at the project.

Pacific American's JORC-compliant resource estimate at Elko increased about 18% in January from a 2015 estimate to 303.2 million tonnes, mainly due to three new high-quality coal seams being found via drilling in 2018.