Pan Asia reports resource increase at TCM project
Tuesday, May 1 2012 - 02:51 AM WIB
Australia-listed coal miner Pan Asia Corporation Ltd has announced a further increase of 12 percent in JORC Resources at its flagship Transcoal Minergy (TCM) high CV coal project in South Kalimantan.
The JORC Resource at the TCM Project has increased to a total of 128,815,078 metric tons (measured, indicated & inferred).
The upgrade of the JORC Resource calculation was undertaken by leading coal industry group Kopex Mining Contractors (part of the KOPEX Group). A total of 55 Boreholes have been used in the update for this third coal resources statement in the TCM concession area and the JORC increase in the relevant resource categories is reflected as follows:
| 15 APRIL 2012 | 17 OCTOBER 2011 | |
| MEASURED (tonnes) | 50,270,464 | 35,602,319 |
| INDICATED (tonnes) | 38,108,017 | 35,109,149 |
| INFERRED (tonnes) | 40,436,597 | 43,910,420 |
| TOTAL (tonnes) | 128,815,078 | 114,621,889 |
The Company is in the process of drilling at least a further 6 boreholes to finalize the present drilling program.
Editing by Dadan Wijaksana