Lucky Strike begins 1,500m due diligence drilling program in Mongolia
Lucky Strike Resources has awarded a contract to Elgen to perform a 1,500m due diligence drilling program on the CN Coal Properties in Mongolia with the camp setup and mobilization of equipment to commence on 10 August 2011.
Last month, the company signed definitive agreements to acquire an 80% interest in the CN Coal Properties subject to the completion of legal and technical due diligence and acceptance by the TSX Venture Exchange.
Lucky Strike said it expects the results of the due diligence drilling to be announced within 80 days.
The company plans to drill polycrystalline diamond borings down to the first coal seam and then HQ core drill to complete the hole if desired.
According to the company, information collected for the due diligence program will include coal quality sampling, wire-line geophysical logging, lithology logging, geotechnical information from core, and data for water quality and hydrology studies.
For the 1,500m due diligence drilling, seven holes are planned within an area encompassing a block 8.2km east-west by 10.2km north-south on CN Coal Properties with the intention to explore and expand the coal resource potential beyond the current drill hole pattern, the company said.
Last month, the company signed definitive agreements to acquire an 80% interest in the CN Coal Properties subject to the completion of legal and technical due diligence and acceptance by the TSX Venture Exchange.
Lucky Strike said it expects the results of the due diligence drilling to be announced within 80 days.
The company plans to drill polycrystalline diamond borings down to the first coal seam and then HQ core drill to complete the hole if desired.
According to the company, information collected for the due diligence program will include coal quality sampling, wire-line geophysical logging, lithology logging, geotechnical information from core, and data for water quality and hydrology studies.
For the 1,500m due diligence drilling, seven holes are planned within an area encompassing a block 8.2km east-west by 10.2km north-south on CN Coal Properties with the intention to explore and expand the coal resource potential beyond the current drill hole pattern, the company said.
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