お知らせ • Feb 09
Montem Resources Limited Completes Scoping Study on the Chinook Project
Montem Resources Limited completed Scoping Study on the Chinook Project. The Scoping Study is an early-stage technical assessment of the Chinook Project. It was undertaken as a desktop exercise by specialist consultants, including RPMGlobal (RPM) who are the world's publicly traded independent group of mining technical experts, and Sedgman Canada Ltd. (Sedgman), recognized as the global leader in resources processing infrastructure solutions. The 2021 Chinook Project Scoping Study expanded on earlier conceptual mine planning work completed by Montem in 2018 and 2020 and identified multiple zones of low-ratio mineable hard coking coal, suitable for open-cut mining. The Chinook Project is located within the Front Ranges of the Canadian Rocky Mountains, near the township of Coleman in the Crowsnest Pass of southwest Alberta, Canada. North of Coleman, the Project area extends for approximately 30 km; this area of the Project is referred to as Chinook Vicary. South of Coleman, the Project extends for approximately 12 km, this area of the Project is referred to as Chinook South. Access to Chinook is via sealed and unsealed roads, directly from Highway 3 and Highway 40. The main rail line, operated by Canadian Pacific Railway, travels through the Project connecting to Westshore Terminals (Westshore) in Vancouver for coal exports. Tenure and Mining History. The Chinook Project is made up of 53 Alberta Coal Leases and 58 Alberta Freehold Tenements and covers an area of approximately 9,746 ha. The Project contains a number of historical open cut and underground mines. Combined, these mines were in production from the early 1900's until the late 19 0's. The Chinook Project sits entirely within Category 4 lands, which contemplates exploration and development of open cut mining. Stratigraphy in the area has been subjected to extensive folding and faulting, resulting in a number of major westward dipping faults. The folding and faulting have affected coal seam thickness, lateral continuity, geometry and quality. RPM completed a high level review of the geological models representing the Chinook coal deposits and the latest JORC coal Resource Estimate that was prepared for Montem by Dahrouge Geological Consulting Ltd. The insitu coal within the Project is contained within the Jurassic-Cretaceous, Mist Mountain Formation coal seams, S2, S3, S4, S4A and S5 (Figure 2). The RPM geological review concluded that the understanding of the local and regional geology for Chinook, as demonstrated in the geological models and 2020 Coal Resources Estimate Report, is at a high level. RPM also concludes there is a high level of confidence that the location and extent of mineable coal is readily understandable due to the continuation of seam sub-crop and out-crop along a 52 km strike length, the occurrence of marker bands indicating the location of the Mist Mountain Formation, the well-understood extents and throws of regional and local folding and faulting, the extensive mapping of seam occurrences, faulting, principal formations and litho-stratigraphic groups and the relative consistency of coal quality ash versus density regressions despite the variability caused by localized faulting and folding of the seams. Exploration data and reports for the Chinook Project from 1964 to 1991 have been reviewed and modelled. Dahrouge Geological Consulting Ltd. of Edmonton Alberta have estimated total Indicated and Inferred Resources (in situ) of 149.1Mt (Measured 0.0Mt; Indicated 103.8Mt; Inferred 45.3Mt), and an Exploration Target of 125-450Mt for the Chinook Project in accordance with the JORC Code, as summarised in the table below. An Exploration Target has been defined for the Chinook Project in areas where there is insufficient data to estimate a Mineral Resource. The potential quantity and grade of the Exploration Target is conceptual in nature and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is not reported as part of any Mineral Resource or Ore Reserve. For further details of the Chinook Project JORC Resource Estimate, see Montem ASX announcement released on 15 September 2020, and the Montem Prospectus lodged with the ASX on July 31, 2020.