Monkman Coal Property, British Columbia

"The Monkman Coal Property is located in the Northeast Coal Block of British Columbia. It is divided into the Duke Mountain Block on the north east and the Dip Slope on the west. Together, these areas cover 39,503 ha of coal licences.The property is underlain by Jurassic and Lower Cretaceous marine and continental sedimentary rocks. Economic coal measures are contained within the Gates Formation. Exploration of the property began in the early I970s, with drilling commencing in 1975. To date, 255 holes have been drilled and nine adits have been driven to recover unoxidized coal samples.The property has a geological resource potential of 2.8 billion tonnes of medium and high-volatile bituminous coal. Medium-volatile bituminous reserves, totalling 68.9 million ROM tonnes at an over-all strip ratio of 6.3:1, have been identified in three pit areas in the Duke Mountain Block.Construction start-up will commence when sales contracts are arranged. The clean coal will be exported via the Ridley Island Terminal at Prince Rupert.IntroductionThe Monkman Coal Property is located in the Northeast Coal Block of British Columbia in the southern port ion of the Peace River Coalfield. The coal field encompasses a strike length of 250 km of Lower Cretaceous coal-bearing strata in which 13 companies have identified several billion tonnes of resources and several hundred million tonnes of reserves. Currently, two companies with contracts are in the construction phase, and are scheduled to produce coal by early 1984. Quintette Coal Ltd. has a contract with Japanese steel mills to supply annually 5.0 million tonnes of metallurgical and 1.5 million tonnes of thermal coal. Teck Corporation (Bullmoose property) has a contract to supply 1.7 million tonnes of metallurgical coal annually."